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520 S Hobart Blvd
Los Angeles, CA 90020 Koreatown

$6,400,000 USD

Apartments For Sale • 29,109 SF

Property Details

Property Type Apartments
Total Building Size 29,110 SF
Lot Size 0.21 AC
Building Class C
Year Built 1928
Zoning LAR4

80 Transit Score

94 Walk Score

                
                    Highlights
                
                                First time on market in over 30 years!
                            
                                Well-Maintained Asset Featuring Classic Finishes and Value Add- Potential
                            
                                Offered at $156,098/Unit 
                            
                                4.35% Cap Rate on Current Income (7.87% on Market Income)
                            
                                Multiple Capital Improvements, Including a New Elevator & Water Heater
                            
                                Additional Income Opportunities can be Realized by Renting Office and Storage Space

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Laundry Facilities
Tenant Controlled HVAC
Heating
Recycling
Kitchen
Oven
Range
Storage Space
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	10 min	-	5.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	5.5 mi
Transit/Subway	Drive	Walk	Distance
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	8 min	0.4 mi
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	9 min	0.5 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	20 min	1.1 mi
Airport	Drive	Walk	Distance
Bob Hope	21 min	-	11.9 mi
Los Angeles International	24 min	-	12.4 mi
Long Beach (Daugherty Field)	35 min	-	24.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

John Alden 310-387-3489 Dover Management Corporation

520 S Hobart Blvd Los Angeles, CA 90020 Koreatown