1220 South Hobart Boulevard

Los Angeles, CA 90006

$1,100,000
Price
7
Beds
4
Baths
3,513 Sq. Ft.
$313 / Sq. Ft.
3,513
Sq. Ft.
$313
per Sq. Ft.

Description

Prime Investment Opportunity in a Great Location! Welcome to 1220 S Hobart Blvd, a meticulously remodeled 3-unit multi-family home boasting a total of 7 bedrooms and 3 bathrooms across a spacious 3,513 square feet of living space. Situated on a generous 6,212 square-foot lot, this property offers an incredible investment opportunity in a highly desirable area near Downtown Los Angeles. The property features two separate buildings: a newly remodeled 3-bedroom, 2-bathroom single-family house at the...Prime Investment Opportunity in a Great Location! Welcome to 1220 S Hobart Blvd, a meticulously remodeled 3-unit multi-family home boasting a total of 7 bedrooms and 3 bathrooms across a spacious 3,513 square feet of living space. Situated on a generous 6,212 square-foot lot, this property offers an incredible investment opportunity in a highly desirable area near Downtown Los Angeles. The property features two separate buildings: a newly remodeled 3-bedroom, 2-bathroom single-family house at the front, and a duplex at the back. The single-family house offers a large open-style living room and dining area with tile and wood laminate floors, a spacious kitchen with ample cabinetry storage, and modern appliances including a stove, fridge, dishwasher, and microwave hood. Additionally, there's a convenient laundry room with washer and dryer hookups within the unit. Air conditioning units in the bedrooms ensure year-round comfort. The front house boasts a HUGE attic for extra storage. Experience the comfort of your own private space with a secluded yard, perfect for relaxation and enjoyment. Add beauty and value to your property by planting a variety of flowers and fruit trees, creating a peaceful outdoor oasis for you to enjoy and cherish. Conveniently located near Downtown, this property offers easy access to shopping centers, restaurants, parks, and schools, ensuring a convenient lifestyle for residents. Don't miss out on this exceptional investment opportunity with endless possibilities!

Property Details for 1220 South Hobart Boulevard

Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window
Total Units
3.0
Lot Size Source
Assessor
Property Attached YN
false
Common Walls
No Common Walls
New Construction
No

Location

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LISTING UPDATED: 05/04/2024 01:36 AM

Property Details for 1220 South Hobart Boulevard

StatusPending
MLS #GD24052986
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.14 AC / 6,212 SF
CountyLos Angeles County

Location

Add your commute

Building Information for 1220 South Hobart Boulevard

Stories2Residences-Year Built1905Building Size-Lot Size0.14 AC / 6,212 SF

Payment Calculator

$7,153 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,150

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1220 South Hobart Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $75,936
  • Gross Scheduled Income: $75,936
  • Net Operating Income: $68,091
Expense Details
  • Operating Expense: $7,845
  • Insurance Expense: $2,216
  • Trash Expense: $0
  • Water Sewer Expense: $5,629
  • Total Expenses: $7,845
Tax / Assessment Info
  • Tax Block: J
  • Tax Tract Number: unk...
  • Tax Census Tract: 2132.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Land Lease: No
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,406
  • Unit Type Total Rent: $1,406
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,622
  • Unit Type Total Rent: $1,622
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,300
  • Unit Type Total Rent: $3,300
  • Unit Type Pro Forma: 3900
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1220 South Hobart Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1220 South Hobart Boulevard

Taxable ValueLand$816,000Additions$287,640Total$1,103,640
Tax Record2023$13,805 ($1,150 / month)
Home Facts
Total Finished SqFt3,513 SqFtAbove Grade Finished SqFt3,513 SqFtLot Size6,212 SqFtStyleTriplexYear Built1905ZoningLAR4CountyLOS ANGELESAPN5080-020-020

Schools near 1220 South Hobart Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.