Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

13

Building size

11,230 sqft

Lot size

10,504 sqft

Year built

1961

Stories

2

Style

Contemporary

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

View

City Lights

Status

Active

Days on market

109

MLS #

242288981

About this property

Located in the vibrant heart of Koreatown, this exceptional 13-unit apartment property offers a rare blend of prime location, strong investment potential, and modern urban living. Positioned on a desirable south and east-facing corner, the building enjoys abundant natural light along with breathtaking city light views.Situated in one of Los Angeles' most dynamic and highly sought-after rental markets, the property presents tremendous upside potential with continued demand and future appreciation. Many of the units have been thoughtfully upgraded with contemporary open-concept floor plans, creating bright, airy living spaces complemented by stylish modern kitchens and comfortable layouts designed for today's lifestyle.Residents enjoy the convenience of covered parking with secure gated access, while being just moments away from renowned restaurants, popular cafs, supermarkets, pharmacies, shopping, entertainment venues, schools, and Metro stations offering the ultimate walkable urban lifestyle.This property also represents an outstanding redevelopment and long-term investment opportunity, surrounded by numerous new luxury and mixed-use developments currently transforming the neighborhood. With ongoing revitalization and strong market momentum throughout Koreatown, this asset offers exceptional potential for future value growth and portfolio enhancement. Most of units have been remodeled !

Location

741 S Hobart Boulevard

Los Angeles, Los Angeles, CA, 90005