RealKey
‪(213) 433-7766‬

1103 S Hobart Boulevard, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath

1103 S Hobart Boulevard, Los Angeles, California 90006 home-pic-0
ACTIVE$1,599,900
1103 S Hobart Boulevard, Los Angeles, California 90006
0Bed
0Bath
3,303Sqft
6,216Lot
Year Built
1962
Close
-
List price
$1.6M
Original List price
$1.69M
Price/Sqft
$484
HOA
-
Days on market
-
Sold On
-
MLS number
GD25144913
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.60M(50th), sqft - 3303(33th), beds - undefined(50th), baths - undefined(50th).

Unbeatable Location in the heart of Koreatown! Just steps from Galleria Market and minutes to Downtown LA, this four-unit property offers the perfect blend of lifestyle and investment. The building features one spacious 3-bed/2-bath unit and three stylish 2-bed/1-bath units, with three recently remodeled. Each unit has separate gas/electric meters and upgraded A/C systems, and tenants pay all utilities except water. The electrical system has also been upgraded, enhancing both value and reliability. Secure gated parking with assigned spaces is accessed from 11th Street, with potential for future ADU development. Unit 1 includes a private wrap-around patio — ideal for an owner to enjoy while renting out the other units, or as a desirable bonus for tenants. With strong rental demand, excellent upside, and a prime location surrounded by new developments, this property is a rare opportunity for both investors and owner-users.

Nearby schools

3/10
Los Angeles Elementary School
Public,•K-5•0.1mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.1mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.4mi
3/10
Wilton Place Elementary School
Public,•K-5•0.7mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.1mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.1mi
3/10
Berendo Middle School
Public,•6-8•0.7mi
5/10
Pio Pico Middle School
Public,•6-8•0.8mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.4mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.8mi
4/10
West Adams Preparatory High School
Public,•9-12•1.2mi
4/10
Los Angeles Senior High School
Public,•9-12•1.6mi

Price History

Date
Event
Price
09/04/25
Price Change
$1,599,900-2.4%
08/23/25
Price Change
$1,639,000-3.0%
07/02/25
Listing
$1,690,000
01/31/25
Sold
$1,130,000
04/20/05
Sold
$905,000
Condition Rating
Excellent
The property, built in 1962, features three recently remodeled units with modern, high-quality finishes. The kitchens boast white shaker cabinets, quartz countertops, subway tile backsplashes, and stainless steel appliances (refrigerator visible). Bathrooms are updated with new vanities, fixtures, and tile flooring. Throughout the units, there is new light-colored laminate flooring, recessed lighting, and upgraded mini-split A/C systems. The electrical system has also been upgraded. While the building's exterior reflects its age, the extensive and recent interior renovations in the majority of units, coupled with system upgrades, meet the criteria for an excellent condition, offering virtually new living spaces.
Pros & Cons

Pros

Prime Koreatown Location: Situated in the highly desirable heart of Koreatown, just steps from Galleria Market and minutes from Downtown LA, ensuring strong rental demand and excellent appreciation potential.
Income-Generating Quadruplex: A four-unit residential income property (3-bed/2-bath and three 2-bed/1-bath units) offering immediate cash flow and a versatile investment or owner-user opportunity.
Recent Upgrades & Separate Utilities: Three units recently remodeled, along with upgraded A/C systems and electrical, and separate gas/electric meters for each unit, minimizing landlord utility expenses (except water).
ADU Development Potential: The property offers potential for future Accessory Dwelling Unit (ADU) development, providing a significant opportunity to increase income and property value.
Secure Gated Parking: Includes secure gated parking with assigned spaces, a highly valuable amenity in a dense urban area like Koreatown, enhancing tenant satisfaction and property appeal.

Cons

Age of Building: Built in 1962, the property's age, despite recent remodels and system upgrades, may still present potential for older infrastructure or unforeseen maintenance issues in non-upgraded areas.
Owner Pays Water Utility: The owner is responsible for water utilities for all four units, which can be a significant ongoing expense and impact net operating income.
Recent Price Reductions: Multiple price reductions from the original listing price may suggest market resistance or a perceived overvaluation, warranting thorough due diligence on current market conditions and comparable sales.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state