508 S Hobart Blvd, Los Angeles, CA 90020

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.