49-Unit Apartment Building with
For Sale
$7,500,000
Pending
512 S Hobart Blvd, Los Angeles, CA 90020
Residential Income, Los Angeles, CA
Property Size40,148 SF
Lot Size0.42 Acres
Days on Market94
Property Features for 512 S Hobart Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR4
Bedrooms
13
Bathrooms
51
Full bathrooms
4
Rooms
Bathroom 43, Bathroom 36, Bedroom 4, Bedroom 13, Bathroom 42, Bathroom 40, Bedroom 9, Bathroom 5, Bedroom 3, Bathroom 25, Bedroom 5, Bathroom 2, Bathroom 31, Bathroom 12, Bathroom 1, Bathroom 33, Bathroom 47, Bathroom 44, Bathroom 7, Bedroom 1, Bathroom 27, Bedroom 7, Bedroom 11, Bathroom 3, Bathroom 32, Bathroom 13, Bathroom 46, Bedroom 2, Bathroom 23, Bathroom 41, Bathroom 35, Bathroom 50, Bathroom 11, Bathroom 49, Bathroom 6, Bathroom 39, Bathroom 16, Bathroom 15, Bathroom 45, Bathroom 20, Bedroom 6, Bathroom 29, Bathroom 10, Bathroom 19, Bathroom 21, Bathroom 48, Bathroom 14, Bathroom 37, Bathroom 4, Bedroom 8, Bathroom 24, Bathroom 9, Bedroom 10, Bathroom 38, Bathroom 30, Bathroom 26, Bathroom 34, Bathroom 17, Bathroom 8, Bathroom 51, Bathroom 28, Bedroom 12, Bathroom 22, Bathroom 18
Parking
46
Parking features
Covered
Directions
Near S Hobart Blvd & 5th St
Subdivision
Mid-Wilshire
Standard status
Pending
APN
5503-022-015
Size
40,148 SF
Lot size
0.42 Acres
Building Details
Year built
1929
Floors in Building
3
Number of units
49
Listing Agency:
REMAX COMMERCIAL & INVESTMENT REALTY
(310) 802-2500
Listed By:
Robert Renshaw · License #01332831
(424) 293-4770
Added: Jun 19
Changed: Sep 18
Last Checked: Sep 20 at 7:06PM
MLS# 26850047
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering includes a 49-unit apartment building with seven stories and 40,148 square feet, constructed in 1929. Apartments comprise studios and one-bedroom layouts, while building amenities include an elevator, controlled access, and on-site laundry. Subterranean parking is supplemented by a separate adjoining parcel at 508 S Hobart Blvd that currently functions as a surface parking lot. The property is master metered for electricity and gas, and improvements include replacement of a substantial portion of the roof and electrical system upgrades.
Located in Koreatown near Wilshire Boulevard, the property is close to the Wilshire/Western Metro station, The Wiltern, MacArthur Park, and neighborhood retail and dining. Zoning is LAR4. LADBS has identified the property as possibly subject to the city's non-ductile concrete retrofit program, requiring buyer due diligence regarding that potential condition.
Located in Koreatown near Wilshire Boulevard, the property is close to the Wilshire/Western Metro station, The Wiltern, MacArthur Park, and neighborhood retail and dining. Zoning is LAR4. LADBS has identified the property as possibly subject to the city's non-ductile concrete retrofit program, requiring buyer due diligence regarding that potential condition.
Key Highlights
- 49‑unit, seven‑story apartment building constructed in 1929
- 40,148 square feet on 0.418 acres
- Studio and one‑bedroom apartment mix
Property Analytics
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Current Use
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
8,707
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-story property with elevator service, controlled entry, laundry facilities, and an adjoining parking parcel.
Where is this apartment building located?
The property is located at 512 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 constructed in 1929; 40,148 square feet on 0.418 acres; Studio and one‑bedroom apartment mix
