512 S Hobart BLVD, Los Angeles, CA 90020
512 S Hobart BLVD, Los Angeles, CA 90020
512 S Hobart BLVD, Los Angeles, CA 90020
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$7,500,000
Est. payment /mo
13 Beds
51 Baths
40,148 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 40,148 sqft

Price per Sqft $186

MLS Listing ID 26850047

Bedrooms 13

HOA Y/N No

Year Built 1929

Lot Size 0.418 Acres

Property Description

***MAY BE PURCHASED INDIVIDUALLY OR IN COMBINATION WITH ANY OR ALL OF 100 N KENMORE, 601 N ROSSMORE, 1311 INGRAHAM & 3333 4TH ST*** 508 & 512 S Hobart Blvd is a 49-unit, seven-story apartment building built in 1929, plus an additional adjacent parcel, located in the heart of Koreatown. The property reflects the scale and permanence of pre-war Los Angeles construction, with classic proportions, a strong street presence, and architectural detailing that is increasingly difficult to replicate today. Over the years, the building has been maintained with care, including the replacement of a substantial portion of the roof and upgrades to the electrical system, preserving both its character and core infrastructure. The building is serviced by an elevator and is master metered for electricity and gas. The unit mix consists of studios and one-bedroom apartments, a configuration well suited to the neighborhood's renter profile. Units retain many of the attributes typical of late-1920s construction generous windows, defined living spaces, and practical layouts offering a blend of historic charm and functional design. Additional amenities include controlled access and on-site laundry. One of the more distinctive aspects of the property is its parking configuration. In addition to subterranean parking uncommon for an asset of this vintage the offering includes a separate, adjoining parcel to the north that currently operates as a surface parking lot (508 S Hobart Blvd). Beyond its current use, this parcel introduces a meaningful long-term option for a buyer to explore alternative uses or development potential, subject to investigation. The location is a core strength. Positioned within Koreatown, just off Wilshire Boulevard, the property sits in one of the most active and densely populated submarkets in Los Angeles. Residents have convenient access to the Wilshire/Western Metro station, The Wiltern, MacArthur Park, and an extensive collection of neighborhood retail and dining options. Its central positioning also allows for straightforward connectivity to Downtown Los Angeles, Hollywood, and other major employment centers. 508 & 512 S Hobart Blvd offers scale, architectural integrity, and long-term optionality in a supply-constrained location a well-located historic asset with both stability and future upside embedded in the land. Note: The subject property has been identified by LADBS as possibly subject to the city's non-ductile concrete retrofit program. Buyer is advised to do its own due diligence with respect to this potential condition.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Fireplace No

Exterior

Parking Features Underground, Uncovered

Total Parking Spaces 46

Building

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5503022015

Special Listing Condition Standard

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Listed by Robert Renshaw REMAX COMMERCIAL & INVESTMENT REALTY #01332831

NEARBY SCHOOL & BUSINESS

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