1220 S Hobart Blvd, Los Angeles, CA 90006
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1220 S Hobart Blvd Los Angeles, CA 90006

$1,100,000
  • 7 Beds
  • 4 Baths
  • 3,513 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified

Map preview of 1220 S Hobart Blvd, Los Angeles, CA 90006

Property Overview: 1220 S Hobart Blvd Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,513 living square feet and 6,212 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Prime Investment Opportunity in a Great Location! Welcome to 1220 S Hobart Blvd, a meticulously remodeled 3-unit multi-family home boasting a total of 7 bedrooms and 3 bathrooms across a spacious 3,513 square feet of living space. Situated on a generous 6,212 square-foot lot, this property offers an incredible investment opportunity in a highly desirable area near Downtown Los Angeles. The property features two separate buildings: a newly remodeled 3-bedroom, 2-bathroom single-family house at the front, and a duplex at the back. The single-family house offers a large open-style living room and dining area with tile and wood laminate floors, a spacious kitchen with ample cabinetry storage, and modern appliances including a stove, fridge, dishwasher, and microwave hood. Additionally, there's a convenient laundry room with washer and dryer hookups within the unit. Air conditioning units in the bedrooms ensure year-round comfort. The front house boasts a HUGE attic for extra storage. Experience the comfort of your own private space with a secluded yard, perfect for relaxation and enjoyment. Add beauty and value to your property by planting a variety of flowers and fruit trees, creating a peaceful outdoor oasis for you to enjoy and cherish. Conveniently located near Downtown, this property offers easy access to shopping centers, restaurants, parks, and schools, ensuring a convenient lifestyle for residents. Don't miss out on this exceptional investment opportunity with endless possibilities!

Listed by Vartan Achabahian | BRE #01728975 | Prospect Group Inc.
Last checked: 16 minutes ago | Last updated: April 12th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
6,212
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Triplex
Status
Active
MLS#
GD24052986
City
Los Angeles
County
Los Angeles
Time on Site
22 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,622
  • Total Rent: $1,622
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,406
  • Total Rent: $1,406
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $75,936
  • Net Operating Income: $68,091
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,845
  • Trash: $0
  • Insurance: $2,216
  • Water/Sewer: $5,629

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Property Details for 1220 S Hobart Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5080020020
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: W Olympic Blvd to Hobart Blvd
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

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Sale History for 1220 S Hobart Blvd

Last leased for $38,400 on March 5th, 2018
  • April, 2024

  • Apr 11, 2024

    Date

    Active

    CRMLS: GD24052986

    $1,100,000

    Price

  • March, 2018

  • Mar 5, 2018

    Date

    Leased

    CRMLS: 318000302

    $38,400

    Price

  • Jan 24, 2018

    Date

    Active

    CRMLS: 318000302

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    Located at S Hobart Blvd, and 12th st Newly remodeled 3 Bedroom 2 bath house. Great Location/Near Downtown Bonus Space with two rooms that can be used as an artist studio or storage. large open style living room and dining area with tile and wood laminated floors spacious kitchen with a lot of cabinetry storage, good counter top space new stove, fridge, dishwasher and microwave hood laundry room with washer and dryer hook ups within unit bedrooms have all new carpet private yard space air conditioning units in the bedrooms Property amenities Electricity not included in rent Gas not included in rent

  • October, 2017

  • Oct 26, 2017

    Date

    Expired

    CRMLS: 17192500

    $970,000

    Price

  • Aug 24, 2017

    Date

    Withdrawn

    CRMLS: 17192500

    $970,000

    Price

  • Jul 21, 2017

    Date

    Pending

    CRMLS: 17192500

    $970,000

    Price

  • May 3, 2017

    Date

    Price Change

    CRMLS: 17192500

    $970,000

    Price

  • Apr 27, 2017

    Date

    Hold

    CRMLS: 17192500

    $995,000

    Price

  • Mar 28, 2017

    Date

    Active Under Contract

    CRMLS: 17192500

    $995,000

    Price

  • Mar 22, 2017

    Date

    Active

    CRMLS: 17192500

    $995,000

    Price

  • Mar 8, 2017

    Date

    Pending

    CRMLS: 17192500

    $995,000

    Price

  • Feb 28, 2017

    Date

    Active

    CRMLS: 17192500

    $995,000

    Price

  • Jan 20, 2017

    Date

    Pending

    CRMLS: 17192500

    $995,000

    Price

  • Jan 14, 2017

    Date

    Active

    CRMLS: 17192500

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    This Beautiful 3 unit property located in Harvard Heights! This property features one 3bed/2bath(3/1 per county assessor) home and two 2bed/1bath units. 3bed/2bath unit also features a 460 sq. ft. attic that can be used as an extra room or for storage. Upgraded copper plumbing throughout the units and zoned R4 for all you investors out there. In addition, the property is located in front of Los Angeles Elementary School. Driveway is big enough for 5 cars.

  • August, 2017

  • Aug 24, 2017

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • September, 2000

  • Sep 28, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1220 S Hobart Blvd

Assessed Value (2020): $624,240
Year Land Value Improved Value Assessed Value
2020 $436,968 $187,272 $624,240

Home Value Compared to the Market

This property vs the competition

1220 S Hobart Blvd is listed 10.2% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $313.12 per/sqft which puts the price per square foot 59.54% lower than the median price per square foot for the city of Los Angeles.

About 1220 S Hobart Blvd

Detailed summary of property

1220 S Hobart Blvd is a triplex located in Los Angeles, CA 90006 and is currently for sale. This triplex offers 7 bedrooms, 4 bathrooms, roughly 3,513 living square feet, and sits on an approximately 6,212 square foot lot. 1220 S Hobart Blvd was first listed on ArdentRealEstateGroup.com on April 11, 2024. The homeowner is currently asking $1,100,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.2% lower than the median priced home. Local competing homes currently for sale include 1969 W 23rd St, 1744 W 23rd St and 2331 W 20th St. While the average home in Los Angeles, CA is selling in 96 days, 1220 S Hobart Blvd has a days on market of 16 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1220 S Hobart Blvd Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1220 S Hobart Blvd

Public county record property details
Beds
7
Baths
3
Year built
1905
Sq. Ft.
3,513
Lot Size
6,211
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5080-020-020

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Related Resources to 1220 S Hobart Blvd

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.