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143 N Hobart Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 7 bed, 7 bath

143 N Hobart Boulevard, Los Angeles, California 90004 home-pic-0
ACTIVE$1,850,000
143 N Hobart Boulevard, Los Angeles, California 90004
7Beds
7Baths
2,524Sqft
6,154Lot
Year Built
1910
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
$733
HOA
-
Days on market
-
Sold On
-
MLS number
25561707
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.85M(40th), sqft - 2524(60th), beds - 7(97th), baths - 7(94th).

Special Offer: I Seller will carry 10% for a qualified Buyer. Submit your offer today! Welcome to 143 N Hobart Blvd, a fully remodeled property located adjacent to Hancock Park. This spacious home features six bedrooms and six bathrooms across approximately 2,600 sq ft, plus a detached newly built 1-bed/1-bath ADU with 650 sq ft of additional living space. The ADU is currently rented at $2,500 monthly providing a valuable offset of $30,000 to the mortgage.Ideal for multi-generational living or income-producing use, this home is conveniently located near Hollywood, Larchmont Village,Echo Park/Silver Lake, Koreatown, and DTLA, with easy access to the 101, 110, and 10 freeways and Metro stations.Zoned R1 with an R3 multifamily permit, this is not just a residence but a smart investment opportunity.Buyer and buyer's agent to verify all information and conduct their own due diligence.

Price History

Date
Event
Price
06/01/25
Listing
$1,850,000
12/21/23
Sold
$1,150,000
11/21/22
Sold
$324,000
03/08/22
Sold
$486,500
01/10/22
Sold
$1,095,000
02/22/06
Sold
$780,000
09/09/05
Sold
$725,000
06/05/03
Sold
$395,000
Condition Rating
Excellent
Despite being built in 1910, the property is described as 'fully remodeled' and includes a 'newly built' ADU. The provided images support this, showcasing new exterior finishes (siding, concrete), new interior flooring (laminate), fresh paint, modern recessed lighting, and new mini-split HVAC systems. These updates indicate that all major components are new or virtually new, meeting current quality standards, and the property is move-in ready with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated home.
Pros & Cons

Pros

Significant Rental Income from ADU: The detached, newly built ADU is currently rented at $2,500/month, providing a valuable $30,000 annual offset to the mortgage.
Strategic Central Location: Adjacent to Hancock Park, the property offers excellent proximity to major LA hubs like Hollywood, Larchmont Village, Koreatown, and DTLA, with convenient freeway and Metro access.
Flexible Buyer Financing: The seller's offer to carry 10% for a qualified buyer significantly enhances affordability and broadens the potential buyer pool.
Extensive Remodel & Turnkey Appeal: Described as 'fully remodeled,' the property offers modern finishes and is ready for immediate occupancy, reducing immediate buyer investment.
Multifamily Zoning & Investment Upside: Zoned R1 with an R3 multifamily permit, the property presents significant future development potential or increased density options.

Cons

Age of Original Construction: Built in 1910, despite being fully remodeled, the property's underlying infrastructure may still present long-term maintenance considerations not covered by cosmetic updates.
Potential Parking Constraints: For a property with 7 bedrooms and an ADU in a dense urban setting, parking availability for multiple residents or guests could be limited, as no specific parking details are provided.
High Bathroom-to-Bedroom Ratio: The property boasts 7 bathrooms for 7 bedrooms (including ADU), which, while convenient, might suggest a less efficient use of overall living space or smaller primary living areas.

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