tomo logo

$1,300,000

Beds
4
sq ft
2,399

1057 S Hobart Blvd, Los Angeles, CA 90006

1057 S Hobart Blvd

Los Angeles, CA 90006

  • 35 days on market
Prime development opportunity in the heart of Koreatown Two adjacent parcels at 1056 S Serrano AVE ( 4units) and 1057 S Hobart Blvd ( 3 units) . are being sold together, offering a combined lot size of approximately . 12,518 SF with R 4-1 zoning. The property included 3units and 4units, totaling about 6,448 SF of living space. Located in a high - demand, transit oriented area near public transit, major freeways, and retail and commercial hubs. Positioned within a TOC Tier 4 zone, its perfect for increased density and development. This is an ideal opportunity for multifamily development or value and investors. Don't miss out !! DON'T DISTURB TENANT'S. Drive by only!!

Details

Property type

Lot size

6,211 sq ft

Price per sq ft

$542

Year built

1950

HOA

No

Price History

02/25/2025
CLAW

CLAW #25502995

Listed
$1,300,000
-3.7%
01/16/2025
CLAW

CLAW #24347647

Removed
$1,350,000
12/05/2024
CLAW

CLAW #24347647

Price change
$1,350,000
-18.18%

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,119,753
Asking price
$1,300,000
Closing costs (~8% of asking)
-$104,000
Est. remaining loan balance
-$76,247
Cash to seller
$1,119,753

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Americas Wholesale Lndr

Loan start date

August 2001

Original loan amount

$183,750

Est. remaining balance

$76,247

Interest rate

7.11%

Loan type

Not Provided, 30 year

Seller

Jong Hye Choi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 7:55 PM

Listing updated: 03/05/2025 at 5:33 AM

Listed by: Kyong Starrett, New Star Realty Phone #: (213) 385-4989

MLS: CLAW #25502995

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