Seller's Agent in 2024
Vartan Achabahian
Prospect Group Inc.
(818) 497-5294
1 in this area
61 Total Sales
1220 S Hobart Blvd Los Angeles, CA 90006
Harvard Heights Neighborhood
7
Beds
4
Baths
3,513
Sq Ft
6,212
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Wall Furnace
- Cooling System Mounted To A Wall/Window
About This Home
As of December 2024Prime Investment Opportunity in a Great Location!
Welcome to 1220 S Hobart Blvd, a meticulously remodeled 3-unit multi-family home boasting a total of 7 bedrooms and 3 bathrooms across a spacious 3,513 square feet of living space. Situated on a generous 6,212 square-foot lot, this property offers an incredible investment opportunity in a highly desirable area near Downtown Los Angeles.
The property features two separate buildings: a newly remodeled 3-bedroom, 2-bathroom single-family house at the front, and a duplex at the back. The single-family house offers a large open-style living room and dining area with tile and wood laminate floors, a spacious kitchen with ample cabinetry storage, and modern appliances including a stove, fridge, dishwasher, and microwave hood. Additionally, there's a convenient laundry room with washer and dryer hookups within the unit. Air conditioning units in the bedrooms ensure year-round comfort. The front house boasts a HUGE attic for extra storage. Experience the comfort of your own private space with a secluded yard, perfect for relaxation and enjoyment. Add beauty and value to your property by planting a variety of flowers and fruit trees, creating a peaceful outdoor oasis for you to enjoy and cherish.
Conveniently located near Downtown, this property offers easy access to shopping centers, restaurants, parks, and schools, ensuring a convenient lifestyle for residents. Don't miss out on this exceptional investment opportunity with endless possibilities!
Last Agent to Sell the Property
Prospect Group Inc. Brokerage Email: vartan@prospectgroup.net License #01728975 Listed on: 11/20/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,069
Year Built
- Built in 1905
Lot Details
- 6,212 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,513 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 8 / J
- Assessor Parcel Number 5080020020
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 2 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $13,323
- Water Sewer Expense $3,186
- Operating Expense $17,229
- Gross Income $36,336
- Net Operating Income $19,107
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2024
Closed on
Dec 10, 2024
Sold by
Urban Shelter Llc
Bought by
Alcantar Sara Alida Goico and Barrera Claudio Daniel
Seller's Agent
Vartan Achabahian
Prospect Group Inc.
Buyer's Agent
Shakira Shahrir Del Fresno
Compass
List Price
$1,100,000
Sold Price
$1,125,000
Premium/Discount to List
$25,000
2.27%
Views
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,673
Avg. Annual Appreciation
2.45%
Original Mortgage
$900,000
Outstanding Balance
$894,515
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$250,015
Purchase Details
Closed on
Aug 20, 2021
Sold by
Achabahian Vartan
Bought by
Urban Shelter Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$836,850
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 2, 2018
Sold by
Achabahian Vartan
Bought by
Urban Shelter Llc
Purchase Details
Closed on
Dec 1, 2017
Sold by
Masis Holdings Llc
Bought by
Achabahian Vartan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,500
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2017
Sold by
Mamikonyan Tatevik
Bought by
Achabahian Vartan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,500
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 18, 2017
Sold by
Sabajan Vidayla Marcial
Bought by
Masis Holdings Llc
Purchase Details
Closed on
Jan 6, 2006
Sold by
Sabajan Byron R
Bought by
Sabajan Byron R and Sabajan Vidayla Marcial
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
6.21%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 22, 2003
Sold by
Sabajan Vidayla A
Bought by
Sabajan Byron R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 14, 2003
Sold by
Sabajan Raul
Bought by
Sabajan Byron R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 2, 2000
Sold by
Sabajan Guillermo
Bought by
Sabajan Guillermo and Sabajan Liliana
Purchase Details
Closed on
Jan 29, 2000
Sold by
Sabajan Raul
Bought by
Sabajan Guillermo and Sabajan Liliana
Purchase Details
Closed on
Mar 30, 1995
Sold by
Sabajan Guillermo
Bought by
Sabajan Raul and Sabajan Mercedes
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,125,000 | Chicago Title Company | |
| Grant Deed | -- | Western Resources Title | |
| Interfamily Deed Transfer | -- | Western Resources Title | |
| Interfamily Deed Transfer | -- | Western Resources Title | |
| Quit Claim Deed | -- | North American Title | |
| Quit Claim Deed | -- | North American Title | |
| Quit Claim Deed | -- | North American Title | |
| Grant Deed | $600,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | $325,000 | Fidelity National Title | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | First American | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | New Conventional | |
| Previous Owner | $836,850 | New Conventional | |
| Previous Owner | $626,500 | New Conventional | |
| Previous Owner | $15,000 | Unknown | |
| Previous Owner | $620,000 | New Conventional | |
| Previous Owner | $400,000 | Unknown | |
| Previous Owner | $260,000 | Purchase Money Mortgage | |
| Closed | $48,750 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2024 12/31/24 | Sold | $1,125,000 | +2.3% | $320 / Sq Ft |
| 12/03/2024 12/03/24 | Pending | -- | -- | -- |
| 11/20/2024 11/20/24 | For Sale | $1,100,000 | -- | $313 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $14,069 | $1,125,000 | $790,000 | $335,000 |
| 2024 | $14,069 | $1,125,712 | $832,320 | $293,392 |
| 2023 | $13,805 | $1,103,640 | $816,000 | $287,640 |
| 2022 | $13,176 | $1,082,000 | $800,000 | $282,000 |
| 2021 | $7,947 | $630,706 | $441,494 | $189,212 |
| 2020 | $8,023 | $624,240 | $436,968 | $187,272 |
| 2019 | $7,718 | $612,000 | $428,400 | $183,600 |
| 2018 | $7,564 | $600,000 | $420,000 | $180,000 |
| 2017 | $6,516 | $520,642 | $428,769 | $91,873 |
| 2016 | $6,336 | $510,434 | $420,362 | $90,072 |
| 2015 | $6,245 | $502,768 | $414,048 | $88,720 |
| 2014 | $6,283 | $492,921 | $405,938 | $86,983 |
Source: Public Records
Agents Affiliated with this Home
-
Vartan Achabahian
-
Shakira Shahrir Del Fresno
Buyer's Agent in 2024
Shakira Shahrir Del Fresno
Compass
(310) 567-6170
1 in this area
39 Total Sales
-
KIRSTEN HUR
Buyer Co-Listing Agent in 2024
KIRSTEN HUR
Wetrust Realty
(213) 631-6044
2 in this area
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD24231722
APN: 5080-020-020
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