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532 S Hobart Blvd
Los Angeles, CA 90020 Koreatown

$4,200,000 USD

Apartments For Sale  •  20,520 SF

Property Details

  • Property Type Apartments
  • Total Building Size 20,520 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1925
  • Zoning R4
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 $144,828/Unit
4.16% Cap Rate on Current Income (8.51% on Market Income)
Multiple Capital Improvements Including a New Elevator & Boiler
Opportunity for New Owner to Drive Operational Efficiencies by Capturing Upside in Rents and Implementing RUBS

Amenities

  • 24 Hour Access
  • Gated
  • Heating
  • Recycling
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
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/SubwayDriveWalkDistance
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 7 min 0.4 mi
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 8 min 0.4 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 21 min - 12.1 mi
Los Angeles International 23 min - 12.3 mi
Long Beach (Daugherty Field) 35 min - 24.7 mi
John Alden 310-387-3489 Dover Management Corporation
John Alden 310-387-3489 Dover Management Corporation