1557 S Hobart Boulevard, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$829,900
1557 S Hobart Boulevard, Los Angeles, California 90006
0Bed
0Bath
1,904Sqft
2,585Lot
Year Built
1924
Close
-
List price
$830K
Original List price
$850K
Price/Sqft
$436
HOA
-
Days on market
-
Sold On
-
MLS number
DW25020182
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $829.9K(50th), sqft - 1904(33th), beds - undefined(50th), baths - undefined(50th).
Unique!!!! 2 unit property in Los Angeles. Each unit has with 3 beds, 1 bath. Property also has a 2 car garage. Live in one and rent the other. It's near freeways, shopping, schools, public transit, restaurants and all kinds of entertainment. Close to 10fwy, 110fwy, Downtown LA & Korea Town. Unica!!!! Propiedad de 2 unidades en Los Angeles. Tiene 3 habitaciones y 1 baño cada una. Incluye garaje para 2 autos. Perfecto para vivir en una unidad y alquilar la otra. Cerca de autopistas, tiendas, escuelas, transporte público, restaurantes, toda clase de entretenimiento, 10fwy, 110fwy, del centro de Los Ángeles y Korea Town.
Nearby schools
3/10
Los Angeles Elementary School
Public,•K-5•0.3mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.6mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.7mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.7mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•0.8mi
3/10
Wilton Place Elementary School
Public,•K-5•1.1mi
5/10
Pio Pico Middle School
Public,•6-8•0.7mi
3/10
Berendo Middle School
Public,•6-8•0.8mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.3mi
4/10
West Adams Preparatory High School
Public,•9-12•0.9mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.2mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.2mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.2mi
4/10
Los Angeles Senior High School
Public,•9-12•1.8mi
Condition Rating
Poor
Built in 1924, this property is over 100 years old with no evidence of significant recent renovations. The kitchen features very dated dark wood cabinets, old white appliances, and basic tile flooring. The bathroom is equally outdated with an old vanity and basic fixtures. Throughout the units, there are worn carpets, old tile flooring, popcorn ceilings, and dated light fixtures/ceiling fans. The presence of window AC units suggests a lack of central cooling. While functional, the property requires substantial rehabilitation and significant capital expenditures for system updates (plumbing, electrical, HVAC) and a complete cosmetic overhaul to meet modern living standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Income Generating Potential: The property is a duplex with two 3-bedroom, 1-bath units, offering a strong 'live in one, rent the other' opportunity or full rental income, appealing to owner-occupants and investors alike.
Prime Urban Location: Strategically located near major freeways (10fwy, 110fwy), Downtown LA, and Korea Town, providing excellent connectivity and access to key employment and cultural hubs.
Excellent Local Amenities: Proximity to shopping, schools, public transit, restaurants, and various entertainment options enhances the property's convenience and desirability for residents.
Dedicated Parking: The inclusion of a 2-car garage is a significant advantage in a dense urban area like Los Angeles, offering valuable off-street parking and storage.
Unit Configuration: Each unit features 3 bedrooms, a highly sought-after configuration for rental properties, maximizing potential tenant pool and rental yield.
Cons
Age of Property: Built in 1924, the property is over 100 years old, which may indicate a need for significant capital expenditures for system updates (plumbing, electrical) and general maintenance.
Limited Bathrooms: Each 3-bedroom unit only has 1 bathroom, which can be a drawback for larger families or multiple tenants, potentially impacting rental appeal and modern living convenience.
Small Lot Size: With a lot size of 2585 sqft, outdoor space is limited, which might not appeal to buyers seeking larger yards or future expansion possibilities.