1500 S Hobart Blvd Los Angeles, CA 90006
Harvard Heights NeighborhoodEstimated payment $6,709/month
About This Home
Prime investment opportunity in the highly desirable Harvard Heights neighborhood! This income-producing 4-unit property features four spacious 1-bedroom, 1-bath units, each individually metered for gas and electricity. The property is fully fenced and includes a gated driveway, offering secure parking for residents. Ideally located in a charming, historic area known for its classic architecture and central proximity to Downtown LA, Koreatown, and USC. Residents enjoy easy access to shops, restaurants, parks, and public transit, with the 10 and 101 freeways just minutes away. A fantastic opportunity to own a low-maintenance asset in one of Los Angeles' most sought-after neighborhoods!
Listing Agent
RE/MAX of Santa Clarita Brokerage Phone: 661-231-5378 License #01915384 Listed on: 04/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,805
Year Built
- Built in 1922
Lot Details
- 5,230 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,596 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Driveway
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 12 / A
- Tax Tract Number 210
- Assessor Parcel Number 5074009029
- $913 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,692
- Maintenance Expense $900
- Water Sewer Expense $4,800
- Operating Expense $8,392
- Gross Income $82,752
- Net Operating Income $59,361
Map
Home Values in the Area
Average Home Value in this Area
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 | $10,805 | $841,286 | $588,902 | $252,384 |
| 2024 | $10,805 | $824,791 | $577,355 | $247,436 |
| 2023 | $10,612 | $808,620 | $566,035 | $242,585 |
| 2022 | $10,150 | $792,766 | $554,937 | $237,829 |
| 2021 | $10,014 | $777,222 | $544,056 | $233,166 |
| 2019 | $9,732 | $754,171 | $527,920 | $226,251 |
| 2018 | $9,617 | $739,384 | $517,569 | $221,815 |
| 2016 | $9,145 | $710,674 | $497,472 | $213,202 |
| 2015 | $7,587 | $579,896 | $405,929 | $173,967 |
| 2014 | -- | $568,538 | $397,978 | $170,560 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $1,100,000 | -8.3% | $306 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $1,199,999 | -- | $334 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Accommodation | |
| Quit Claim Deed | -- | None Available | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Southland Title | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | $430,000 | Stewart Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $245,300 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $440,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $150,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $435,000 | New Conventional | |
| Previous Owner | $344,000 | Purchase Money Mortgage | |
| Previous Owner | $30,000 | Unknown | |
| Previous Owner | $250,000 | Unknown | |
| Closed | $86,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25091349
APN: 5074-009-029
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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