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248 S Hobart Blvd, Los Angeles, CA 90004
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248 S Hobart Blvd Los Angeles, CA 90004

$2,190,000 Sold Price as of 01/06/2021
  • 16 Beds
  • 8 Baths
  • 7,359 Sq.Ft.
Sold
$2,190,000 Sold Price as of 01/06/2021 Refinance Your Mortgage
Map preview of 248 S Hobart Blvd, Los Angeles, CA 90004

Property Overview: 248 S Hobart Blvd Los Angeles, CA has 16 bedrooms, 8 bathrooms, 7,359 living square feet and 10,385 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to acquire a character 8 unit apartment property in the heart of Koreatown/Wilshire Center. All 2 bedroom/1.25 bath Townhome Units. Individual water heaters, on-site laundry. Fully occupied. Walking distance to shopping and restaurants. First time on the market in over 25 years.

Listed by CHRISTOPHER JOHNSON | BRE #01934154 | LEE & ASSOC COMM R E SERV/PAS
Last checked: 9 minutes ago | Last updated: November 27th, 2023 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
10,385
HOA Dues
$0/mo
Year built
1928
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
WS20245607
City
Los Angeles
County
Los Angeles
Time on Site
1259 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $5,850
  • Pro Forma/Market Rent: $1,975
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,326
  • Total Rent: $1,326
  • Pro Forma/Market Rent: $1,975
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,429
  • Total Rent: $1,429
  • Pro Forma/Market Rent: $1,975
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,490
  • Total Rent: $1,490
  • Pro Forma/Market Rent: $1,975
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,358
  • Total Rent: $1,358
  • Pro Forma/Market Rent: $1,975
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,369
  • Total Rent: $1,369
  • Pro Forma/Market Rent: $1,975
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.78%
  • Gross Rent Multiplier: 14.91
  • Gross Scheduled Income: $153,888
  • Net Operating Income: $86,685
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $63,586
  • Electric: $1,000
  • Gas/Fuel: $1,000
  • New Taxes: $28,162
  • Trash: $4,800
  • Insurance: $3,500
  • Professional Management: $6,011
  • Water/Sewer: $7,500

Property Details for 248 S Hobart Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5517014017
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East of Western, North on Hobart
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 248 S Hobart Blvd

Last leased for $2,200 on November 27th, 2023

  • November, 2023

  • Nov 27, 2023

    Date

    Leased

    CRMLS: 23320391

    $2,200

    Price

  • Oct 11, 2023

    Date

    Active

    CRMLS: 23320391

    $2,200

    Price

  • Listing provided courtesy of CRMLS

  • January, 2021

  • Jan 14, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2021

  • Jan 8, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2021

  • Jan 6, 2021

    Date

    Sold

    CRMLS: WS20245607

    $2,190,000

    Price

  • Dec 28, 2020

    Date

    Pending

    CRMLS: WS20245607

    $2,295,000

    Price

  • Nov 23, 2020

    Date

    Active

    CRMLS: WS20245607

    $2,295,000

    Price

Show More

Tax History for 248 S Hobart Blvd

Assessed Value (2020): $746,323
Year Land Value Improved Value Assessed Value
2020 $428,008 $318,315 $746,323

Home Value Compared to the Market

This property vs the competition

248 S Hobart Blvd sold on January 6, 2021 for 80.14% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $311.86 per/sqft which puts the price per square foot 60.57% lower than the current median sale per square foot for the city of Los Angeles.

About 248 S Hobart Blvd

Detailed summary of property

248 S Hobart Blvd is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 16 bedrooms, 8 bathrooms, roughly 7,359 living square feet, and sits on an approximately 10,385 square foot lot. 248 S Hobart Blvd was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,190,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 80.14% higher than the current median priced home. Local homes that are currently for sale include 940 S Gramercy Pl, 800 S Norton Ave and 801 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 100 days, 248 S Hobart Blvd has a days on market of 16 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 248 S Hobart Blvd Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 248 S Hobart Blvd

Public county record property details
Beds
16
Baths
16
Year built
1928
Sq. Ft.
7,359
Lot Size
10,385
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
95,96
APN
5517-014-017

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$2,215,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
68
Median Sale to List Price %
110.81%
Avg Days on Market
24
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

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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.

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