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741 S Hobart Blvd 13 Unit Apartment Building $3,999,000 ($307,615/Unit) Los Angeles, CA 90005
Investment Highlights
- Heart of KoreaTown!
- Tremendous Rental Upside!
- Premier Rental Market!
- Excellent Redevelopment Opportunity!
Executive Summary
Prime Investment Opportunity! This Property located at the heart of Korea Town. This 13 units Apartment Building is facing south & East and overlooking the city light. Premier Rental Market of K-town with tremendous rental upside. Upgraded units featuring Open Floor Plan with Bright and Airy rooms with modern kitchen design. Unit comes with covered parking space and easy access to Gated Parking. So convenience! Walking distance to many famous restaurants, supermarkets, pharmacy, shops, school, entertainment and Metro Stations. Excellent redevelopment opportunity! Many new trendy development building and constructions are undergoing nearby. Great Potential of increase of the property value!
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 | - | 500 |
| 2+2 | 2 | - | 800 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
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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