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$1,449,000

Beds
8
sq ft
4,332

1416 S Hobart Blvd, Los Angeles, CA 90006

1416 S Hobart Blvd

Los Angeles, CA 90006

  • 4 days on market
Stunning Investment Opportunity in an Up-and-Coming Los Angeles Neighborhood! Don't miss out on this incredible four-unit complex located in one of LA's most sought after! Boasting a massive 8,219 sq ft lot and an impressive 4,332 sq ft building, this property offers abundant space for growth and future potential. Each of the spacious four units features 2 bedrooms and 1 bathroom, perfect for attracting tenants or making it your own investment dream. Conveniently located just minutes from popular shopping centers, trendy restaurants, and with easy access to Freeways 10 and 101, this property offers unmatched connectivity for both residents and tenants. Public transportation is also within close proximity, enhancing its appeal. Ample parking is available at the rear of the property, ensuring convenience for all. With so much to offer in both size and location, this property is a rare find in today's market. Whether you're looking for a new project or seeking long-term value in a prime area, this property has everything you need!

Details

Property type

Est. home value

$1,354,849

Lot size

8,219 sq ft

Price per sq ft

$335

Year built

1917

HOA

No

Price History

02/28/2025
CLAW

CLAW #25504319

Listed
$1,449,000
+3.87%
05/13/2022
CRMLS

CRMLS #320008943

Sold
$1,395,000
+29.17%
11/07/2017
CRMLS

CRMLS #317006557

Sold
$1,080,000
+22.03%

Schools & Community

Neighborhood: 

Harvard Heights

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

$388,927
Asking price
$1,449,000
Closing costs (~8% of asking)
-$115,920
Est. remaining loan balance
-$944,153
Cash to seller
$388,927

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

Seller’s Loan History

Lender

Bank Of The West

Loan start date

May 2022

Original loan amount

$990,500

Est. remaining balance

$944,153

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Haena Shin

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: 03/04/2025 at 3:20 AM

Listing updated: 03/01/2025 at 9:55 PM

Listed by: Sue Soyoung Kim, Bee Investment, Inc. Phone #: (213) 380-8600

MLS: CLAW #25504319

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