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416 N Hobart, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 3 bath

416 N Hobart, Los Angeles, California 90004 home-pic-0
ACTIVE$1,300,000
416 N Hobart, Los Angeles, California 90004
3Beds
3Baths
2,048Sqft
7,200Lot
Year Built
1916
Close
-
List price
$1.3M
Original List price
$1.5M
Price/Sqft
$635
HOA
-
Days on market
-
Sold On
-
MLS number
OC25232564
Home ConditionPoor
Features
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $1.30M(26th), sqft - 2048(44th), beds - 3(50th), baths - 3(50th).

Seize the potential at 416 N Hobart Blvd, a 1920s Spanish Revival fixer-upper in the vibrant 90004 neighborhood. This 3-bedroom, 3-bath home spans 2,048 sq ft on a 6,500 sq ft lot, featuring a rear ADU for rental income or guest space. Interior Features: *Kitchen ready for modern upgrades. *Three bedrooms with ample closets; primary includes en-suite bath. *Three baths needing updates but structurally sound. *Exterior Highlights: *Lush backyard with citrus trees, patio, and rear ADU. *Detached 2-car garage. Currently occupied, this home requires TLC—perfect for investors or buyers seeking a value-add project. Close to Wilshire Blvd eateries, Griffith Park.

Price History

Date
Event
Price
12/05/25
Price Change
$1,300,000-13.3%
10/21/25
Listing
$1,500,000
02/25/04
Sold
$520,000
Condition Rating
Poor
This 1916 Spanish Revival home is explicitly marketed as a 'fixer-upper' requiring 'TLC.' The listing states that the kitchen needs 'modern upgrades' and all three bathrooms require 'updates,' with the property analysis highlighting 'extensive modern upgrades' and potential 'systemic upgrades' for plumbing, electrical, and HVAC due to its age. While the baths are noted as 'structurally sound,' the overall condition points to substantial repairs and rehabilitation needed to bring it to modern standards, aligning with the 'poor' category.
Pros & Cons

Pros

Desirable Los Angeles Location: Situated in the vibrant 90004 neighborhood, offering excellent access to Wilshire Blvd eateries and Griffith Park, enhancing lifestyle and property value.
Income-Generating ADU: Features a rear Accessory Dwelling Unit (ADU), providing a valuable opportunity for rental income, guest accommodation, or multi-generational living.
Architectural Character & Equity Growth: A 1920s Spanish Revival home with inherent historic charm, presenting a significant value-add opportunity for buyers to customize and build equity.
Ample Outdoor Space: Boasts a generous 7,200 sq ft lot with a lush backyard, citrus trees, and a patio, offering desirable private outdoor living in an urban setting.
Competitive Pricing: Benefits from a recent $200,000 price reduction from its original list price, indicating a more attractive entry point for buyers.

Cons

Significant Renovation Needs: Marketed as a 'fixer-upper' requiring 'TLC,' with the kitchen and all three bathrooms needing extensive modern upgrades, implying substantial renovation costs.
Potential for Systemic Upgrades: As a 1916 build, the property may require significant investment in updating older systems (e.g., plumbing, electrical, HVAC) to meet contemporary standards and efficiency.
Lack of Premium Views: The property does not offer any notable views, which could be a consideration for buyers seeking this amenity in the Los Angeles market.

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