1922 S Hobart Boulevard
Los Angeles, CA 90018
- – beds
- – baths
- – sqft
- 13,838 sqft lot
- 1970 build
- – on site
We are pleased to present 1922 S Hobart Blvd, a 16-unit value-add investment opportunity in the Harvard Heights neighborhood of Los Angeles. Ideally situated just south of W Washington Blvd, the property offers convenient access to Downtown Los Angeles, Koreatown, and the 10 Freeway. The subject property was originally a HUD Project-Based Section 8 property and was opted out of the HUD program in March 2013. The building features a desirable unit mix of six one-bedroom and 10 two-bedroom units, all of which are currently leased below market, presenting investors with over 58% rental upside. The property is well positioned for a Naturally Occurring Affordable Housing (NOAH) conversion, as 25% of the current tenants are voucher holders, while the remaining units rent for below approximately 80% of the area's median income (AMI). This favorable rent structure enhances the property's long-term stability and appeals to both value-add and mission-driven affordable housing operators. The property benefits from its central location, just steps from metro stops along W Washington Blvd and within walking distance of major retailers along S Western Ave. Harvard Heights is a densely populated neighborhood of over 20,000 residents, known for its architecturally significant real estate and proximity to key employment and cultural hubs. With strong rental demand and significant upside potential, 1922 S Hobart Blvd presents an excellent opportunity for investors seeking value-add multifamily assets in a prime Los Angeles location.
Last checked:
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Last updated Apr 9, 2025
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MLS# 25523121 —
The Building
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Year Built:1970
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New Construction:No
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Building Area Total:13115.00
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Total Number Of Units:16
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# of Buildings:1
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Stories Total:3
Interior
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Levels:Three Or More
Location
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Directions:Just south of W Washington Blvd
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Latitude:34.03929700
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Longitude:-118.30543600
The Property
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Property Type:Residential Income
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Zoning:LAR4
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Lot Size Area:13838.0000
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Lot Size Acres:0.3177
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Lot Size SqFt:13838.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5074032026
Heating & Cooling
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Heating:None
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Cooling:No
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Cooling:None
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Gated
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Parking Spaces:16.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/9/25
Apr 9, 2025
|
Listed / Active | CRMLS_CA | $2,500,000 |
