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    248 S Hobart Blvd Los Angeles, CA 90004

    For Sale
    $1,800,000

    Commercial Sale - Los Angeles, CA

    Property size:
    7,359 SF
    Days on Market:
    83
    Last Refresh:
    Dec 8 at 12:06 pm

    Property Features for 248 S Hobart Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    5517014017
    Size
    7,359 SF

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1928
    Architectural style
    Other

    Real Brokerage Technologies, Inc. (619) 248-6434 [email protected]

    Listing agent Jacob Choi (619) 248-6434 License #01744435

    Listing date Sep 17, 2025

    MLS# PW25219562 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Koreatown 8-Unit Apartment Building

    Located in the heart of Koreatown, Los Angeles, the property at 248 S Hobart Blvd is an 8-unit apartment building constructed in 1928. The property offers a vintage aesthetic complemented by recent upgrades, including a new roof installed in 2020, exterior paint and patching completed in 2020, and updated electrical systems from 2022 to 2023. The building features eight 2-bedroom, 1.25-bath units, each approximately 920 sq. ft., distributed across two floors. Each unit is separately metered. Situated on a 10,386 sq. ft. lot with R3-1 zoning, the building encompasses a total of 7,359 sq. ft. of building space. The location provides residents with convenient access to local amenities, including restaurants, shopping, markets, schools, and public transit, with the Metro Red and Purple lines nearby. Positioned one block off Western Avenue, the property is suitable for tenants seeking convenience and connectivity. The property is an investment opportunity for stable cash flow and long-term upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.30514
    Latitude
    34.069843

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    FAQs

    What type of property is this?
    Apartment building - Charming 8-unit apartment building in vibrant Koreatown, Los Angeles.
    Where is this apartment building located?
    The property is located at 248 S Hobart Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Prime Koreatown location in a high-demand rental market.; - Significant rental upside potential due to below-market rents.; - Eight spacious 2-bedroom units, each approximately 920 sq. ft.
    (619) 248-6434
    Request Owner's contact information
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    Los Angeles, CA 90004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    248 S Hobart Blvd Los Angeles, CA 90004
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