Pre-War Apartment Building with
For Sale
Contact for pricing
508 S Hobart Blvd, Los Angeles, CA 90020
A 49-unit, seven-story pre-war apartment property with elevator service, controlled access, on-site laundry, and dedicated parking options.
Property Size40,148 SF
Price / SF$186.81
Days on Market52
Property Features for 508 S Hobart Blvd
General Information
Standard status
Active
Size
40,148 SF
Property subtype
Multifamily
Zoning
LAR4
Occupancy
96%
Net Operating Income
$376,754
Additional Details
Multifamily Units
49
Building Details
Year Built
1929
Buildings
1
Stories
7
Tenancy
Multi
Listing Agency:
Taksa Investment Group
(213) 817-1000
Listed By:
Jonathan Taksa · License ## 01366169
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 7:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Taksa Investment Group
Investment Insights
Based on property information with market context.
508 & 512 S Hobart Blvd is a 49-unit, seven-story apartment building constructed in 1929. The property is serviced by an elevator and features controlled access and on-site laundry. Units include studios and one-bedroom apartments, with layouts described as consistent with late-1920s construction, including generous windows and defined living spaces. Recent capital work includes replacement of a substantial portion of the roof and upgrades to the electrical system, alongside a maintained interior and exterior appearance typical of pre-war LA construction. The building is master metered for electricity and gas.
The property is located in the heart of Koreatown, positioned just off Wilshire Boulevard. Residents have access to the Wilshire/Western Metro station and nearby destinations including The Wiltern and MacArthur Park, along with an extensive collection of local retail and dining options. The central setting also supports straightforward connectivity to Downtown Los Angeles, Hollywood, and other major employment centers.
Parking is a notable component of the offering, with subterranean parking and an additional adjoining parcel to the north that operates as a surface parking lot (508 S Hobart Blvd). The adjoining parcel introduces an additional option for a buyer to explore alternative uses or potential development, subject to investigation. For operators and buyers, the mix of studio and one-bedroom units and the property’s maintained infrastructure offer a practical path to managing a classic, long-standing rental community in a supply-constrained submarket.
The property is located in the heart of Koreatown, positioned just off Wilshire Boulevard. Residents have access to the Wilshire/Western Metro station and nearby destinations including The Wiltern and MacArthur Park, along with an extensive collection of local retail and dining options. The central setting also supports straightforward connectivity to Downtown Los Angeles, Hollywood, and other major employment centers.
Parking is a notable component of the offering, with subterranean parking and an additional adjoining parcel to the north that operates as a surface parking lot (508 S Hobart Blvd). The adjoining parcel introduces an additional option for a buyer to explore alternative uses or potential development, subject to investigation. For operators and buyers, the mix of studio and one-bedroom units and the property’s maintained infrastructure offer a practical path to managing a classic, long-standing rental community in a supply-constrained submarket.
Key Highlights
- 49‑unit, seven‑story apartment building built in 1929 (pre‑war construction) with classic street presence
- Elevator‑serviced building with controlled access and on‑site laundry
- Unit mix includes studios and one‑bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
49
Residential units
Location Intelligence
Trade Area within ½ mile
5,468
Businesses Nearby
Explore this area
Business Placement
Demographics for 90020, CA
38,694
Population
19,119
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
35,176
Density / Sq Mi
$55,832
Median Household Income
$37,718
Median Earnings
$1,734
Median Rent
$826,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A 49-unit, seven-story pre-war apartment property with elevator service, controlled access, on-site laundry, and dedicated parking options.
Where is this apartment building located?
The property is located at 508 S Hobart Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 49‑unit, seven‑story apartment building built in 1929 (pre‑war construction) with classic street presence; Elevator‑serviced building with controlled access and on‑site laundry; Unit mix includes studios and one‑bedroom apartments
