1103 S Hobart Blvd Los Angeles, CA 90006
Harvard Heights NeighborhoodEstimated payment $10,382/month
Total Views
790
9
Beds
5
Baths
3,303
Sq Ft
$512
Price per Sq Ft
Highlights
- Corner Lot
- No HOA
- Double Pane Windows
- Granite Countertops
- Neighborhood Views
- Cooling System Mounted To A Wall/Window
About This Home
Unbeatable Location! Location! Location!
Nestled near the vibrant intersection of Olympic Blvd and Western Ave, just steps from Galleria Market and minutes to Downtown Los Angeles, this exceptional four-unit property is perfectly positioned for both lifestyle and investment growth.
The building features a spacious 3-bedroom, 2-bath unit and three stylish 2-bedroom, 1-bath units — three of which have been beautifully remodeled to meet modern tenant expectations. Each unit is separately metered for gas and electricity and equipped with upgraded air conditioning systems. Tenants cover all utilities except water, maximizing your net income.
Secure, gated parking off 11th Street offers assigned spaces for each unit, with the added bonus of potential ADU development in the parking area — a valuable opportunity for future expansion.
Unit 1 boasts a desirable private wrap-around patio, a rare amenity that will attract quality tenants or landlord to live. This property is perfectly positioned to capitalize on strong rental demand. At market rents, the projected cap rate is an impressive, making this a standout addition to any portfolio.
Situated in one of Koreatown’s hottest growth corridors, surrounded by extensive new construction and renovation projects, this property offers significant rental upside in an investor-friendly neighborhood. Quick freeway access and proximity to Downtown LA further elevate this exceptional investment opportunity.
Listing Agent
Dream Realty La Crescenta Brokerage Phone: 818-389-1872 License #01855213 Listed on: 07/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,551
Year Built
- Built in 1962
Lot Details
- 6,216 Sq Ft Lot
- 1 Common Wall
- Corner Lot
- Rectangular Lot
Home Design
- Quadruplex
- Slab Foundation
Interior Spaces
- 3,303 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Living Room
- Neighborhood Views
- Fire and Smoke Detector
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Granite Countertops
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Water Heater
Listing and Financial Details
- Legal Lot and Block 13 / H
- Tax Tract Number 67
- Assessor Parcel Number 5080018012
- $578 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 2 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,800
- Water Sewer Expense $5,040
- New Taxes Expense $21,125
- Operating Expense $29,965
- Gross Income $129,000
- Net Operating Income $99,035
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,551 | $1,224,000 | $918,000 | $306,000 |
| 2024 | $13,551 | $1,081,631 | $757,144 | $324,487 |
| 2023 | $13,297 | $1,060,424 | $742,299 | $318,125 |
| 2022 | $12,693 | $1,039,633 | $727,745 | $311,888 |
| 2021 | $12,526 | $1,019,249 | $713,476 | $305,773 |
| 2019 | $12,158 | $989,019 | $692,315 | $296,704 |
| 2018 | $12,017 | $969,628 | $678,741 | $290,887 |
| 2016 | $11,478 | $931,979 | $652,386 | $279,593 |
| 2015 | $11,313 | $917,981 | $642,587 | $275,394 |
| 2014 | $11,371 | $900,000 | $630,000 | $270,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | For Sale | $1,690,000 | +49.6% | $512 / Sq Ft |
| 01/31/2025 01/31/25 | Sold | $1,130,000 | +3.2% | $342 / Sq Ft |
| 12/26/2024 12/26/24 | Pending | -- | -- | -- |
| 11/12/2024 11/12/24 | For Sale | $1,095,000 | -- | $332 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | $975,000 | Orange Coast Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $905,000 | -- | |
| Interfamily Deed Transfer | -- | Gateway Title Company | |
| Individual Deed | $600,000 | Gateway Title Company | |
| Interfamily Deed Transfer | $376,500 | South Coast Title | |
| Individual Deed | $300,000 | Chicago Title Insurance Co | |
| Corporate Deed | $255,000 | Lawyers Title Company | |
| Trustee Deed | $175,000 | -- | |
| Interfamily Deed Transfer | $3,500 | California Counties Title Co | |
| Quit Claim Deed | $34,500 | California Counties Title Co | |
| Interfamily Deed Transfer | $34,500 | California Counties Title Co | |
| Interfamily Deed Transfer | $34,500 | California Counties Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,076,250 | New Conventional | |
| Previous Owner | $945,000 | New Conventional | |
| Previous Owner | $250,000 | Construction | |
| Previous Owner | $116,300 | Credit Line Revolving | |
| Previous Owner | $712,000 | Negative Amortization | |
| Previous Owner | $650,000 | Purchase Money Mortgage | |
| Previous Owner | $77,900 | Credit Line Revolving | |
| Previous Owner | $50,000 | Unknown | |
| Previous Owner | $30,000 | Unknown | |
| Previous Owner | $32,000 | Credit Line Revolving | |
| Previous Owner | $50,000 | Unknown | |
| Previous Owner | $420,000 | Purchase Money Mortgage | |
| Previous Owner | $338,800 | Unknown | |
| Previous Owner | $338,850 | No Value Available | |
| Previous Owner | $270,000 | No Value Available | |
| Previous Owner | $48,000 | Stand Alone Second | |
| Previous Owner | $229,500 | No Value Available | |
| Closed | $74,000 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25144913
APN: 5080-018-012
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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