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741 S Hobart Blvd 13 Unit Apartment Building $3,999,000 ($307,615/Unit) Los Angeles, CA 90005
INVESTMENT HIGHLIGHTS
- Prime Location of Koreatown
- Significant Rental Upside Potential
- The Seismic Retrofit Work Has Been Completed
- Premier Rental Market
- Excellent Future Property Value Appreciation
EXECUTIVE SUMMARY
Prime Location in the Heart of Koreatown!This 13-unit apartment building is ideally situated, facing south and east with stunning city light views. Located in the premier rental market of Koreatown, the property offers significant rental upside potential.The upgraded units feature open floor plans with bright, airy rooms and modern kitchen designs. Each unit includes a covered parking space with easy access to gated parking for added convenience.Enjoy unparalleled walkability to renowned restaurants, supermarkets, pharmacies, shops, schools, entertainment venues, and Metro stations.An excellent redevelopment opportunity, as the area is experiencing a surge of new, trendy developments and ongoing construction projects. A fantastic opportunity for future property value appreciation!
PROPERTY FACTS
| Price | $3,999,000 | Building Class | C |
| Price Per Unit | $307,615 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 11,230 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR3P | ||
| Price | $3,999,000 |
| Price Per Unit | $307,615 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 11,230 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LAR3P |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Gated
- Online Services
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | $1,472 | - |
| 2+2 | 2 | $1,875 | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (79)
PROPERTY TAXES
| Parcel Number | 5093-014-014 | Improvements Assessment | $981,654 |
| Land Assessment | $2,286,812 | Total Assessment | $3,268,466 |
PROPERTY TAXES
Parcel Number
5093-014-014
Land Assessment
$2,286,812
Improvements Assessment
$981,654
Total Assessment
$3,268,466
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B & B Investment Properties
741 S Hobart Blvd
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