$1,130,000
SOLD JAN 31, 2025
9 Beds
5 Baths
3,303 Sq Ft
6,216 Sq Ft Lot

Recently Sold

$342 Per Sq Ft

3% Above List Price

44 Days on Market

About This Home

As of January 2025

Hobart Apartments, a Lender Owned investment opportunity located at 1103 S. Hobart Blvd, Los Angeles, CA. The offering is a four unit property located in the Koreatown district of Los Angeles. The property is comprised of three x two bedroom/one bath, and one x three bedroom/one and three-quarter bath apartments. Please note, the 3 bedroom unit's interior closets are in the hallway. The three bedroom apartment is ideal for an owner-user. The property was constructed in 1962 and is subject to the city of Los Angeles Rental Stabilization Ordinance. The 3,303 SF property is situated on a 6,214 corner parcel. The property is individually metered for gas and electricity. Additionally, the property has individual water heaters. Currently, there are three occupancies; with one occupant in eviction. Recent capital improvements include newer windows, and mini-split air conditioning systems. Please contact listing agents for more information

Last Agent to Sell the Property

Robert Leveen

Robert Leveen License #01476685 Listed on: 11/12/2024

Robert Leveen

Last Buyer's Agent

Daniel Yoo

License #01855213

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,551

Year Built

  • Built in 1962

Lot Details

  • 6,216 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 3,303 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5080-018-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,551

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3303
  • Lot Acreage: 0.1427
  • Year Built: 1962
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 331.52

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 318125
  • Assessed Land Percent: 70
  • Assessed Land Value: 742299
  • Total Assessed Value: 1060424
  • Assessor Parcel Number: 5080-018-012
  • Lot Size Area: 6216

Multi Family

  • Unit Type: 2106
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2024
Sold by
Assured Lender Services Inc
Bought by
Velocity Commercial Capital Llc

Purchase Details

Closed on
Nov 1, 2021
Sold by
Pak Seung Hyeon
Bought by
Pak Seung Hyeon and Lee Jennifer Sang

Purchase Details

Closed on
Jun 25, 2019
Sold by
Lee Jennifer
Bought by
Pak Seung Hyeon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 23, 2013
Sold by
Lee Jennifer Sang Young
Bought by
Pak Seung Hyeon

Purchase Details

Closed on
Aug 15, 2006
Sold by
Pak Seung Hyeon
Bought by
Pak Seung Hyeon

Purchase Details

Closed on
Aug 31, 2005
Sold by
Pak Seung Hyeon and Pak Seung H
Bought by
Pak Seung Hyeon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 16, 2005
Sold by
Pak Seung H and Park Seung H
Bought by
Pak Seung H

Purchase Details

Closed on
Mar 7, 2005
Sold by
Kim Su Hyun
Bought by
Park Seung H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Hur Brian S
Bought by
Hur Chong Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2000
Sold by
Kim Yong Hoon and Kim Chae Young
Bought by
Kim Byoung Kug

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,850
Interest Rate
8.25%

Purchase Details

Closed on
Apr 19, 1999
Sold by
Jung Hyun Chul
Bought by
Kim Young Hoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.95%

Purchase Details

Closed on
Nov 19, 1997
Sold by
Fremont Investment & Loan
Bought by
Jung Hyun Chul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
7.16%

Purchase Details

Closed on
Sep 15, 1997
Sold by
Paris David M and Paris Shirley E
Bought by
Fremont Investment & Loan

Purchase Details

Closed on
Oct 9, 1995
Sold by
Paris Adeneji J and Paris Adenelyi J
Bought by
Paris David M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Trustee Deed $975,000 Orange Coast Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- First American Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Grant Deed $905,000 --
Interfamily Deed Transfer -- Gateway Title Company
Individual Deed $600,000 Gateway Title Company
Interfamily Deed Transfer $376,500 South Coast Title
Individual Deed $300,000 Chicago Title Insurance Co
Corporate Deed $255,000 Lawyers Title Company
Trustee Deed $175,000 --
Interfamily Deed Transfer $3,500 California Counties Title Co
Quit Claim Deed $34,500 California Counties Title Co
Interfamily Deed Transfer $34,500 California Counties Title Co
Interfamily Deed Transfer $34,500 California Counties Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,076,250 New Conventional
Previous Owner $945,000 New Conventional
Previous Owner $250,000 Construction
Previous Owner $116,300 Credit Line Revolving
Previous Owner $712,000 Negative Amortization
Previous Owner $650,000 Purchase Money Mortgage
Previous Owner $77,900 Credit Line Revolving
Previous Owner $50,000 Unknown
Previous Owner $30,000 Unknown
Previous Owner $32,000 Credit Line Revolving
Previous Owner $50,000 Unknown
Previous Owner $420,000 Purchase Money Mortgage
Previous Owner $338,800 Unknown
Previous Owner $338,850 No Value Available
Previous Owner $270,000 No Value Available
Previous Owner $48,000 Stand Alone Second
Previous Owner $229,500 No Value Available
Closed $74,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 For Sale $1,690,000 +49.6% $512 / Sq Ft
01/31/2025 01/31/25 Sold $1,130,000 +3.2% $342 / Sq Ft
12/26/2024 12/26/24 Pending -- -- --
11/12/2024 11/12/24 For Sale $1,095,000 -- $332 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,551 $1,081,631 $757,144 $324,487
2023 $13,297 $1,060,424 $742,299 $318,125
2022 $12,693 $1,039,633 $727,745 $311,888
2021 $12,526 $1,019,249 $713,476 $305,773
2019 $12,158 $989,019 $692,315 $296,704
2018 $12,017 $969,628 $678,741 $290,887
2016 $11,478 $931,979 $652,386 $279,593
2015 $11,313 $917,981 $642,587 $275,394
2014 $11,371 $900,000 $630,000 $270,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-462143

The MLS

APN: 5080-018-012