As part of a 6-building Co-Living Apartment portfolio, we are pleased to present a 2021-constructed, 4-unit residential investment property located in the heart of Koreatown at 1107-1109½ S. Hobart Boulevard, Los Angeles, CA 90006. This property features approximately 5,785 square feet of building area and offers a total of 16 rentable bedrooms since each unit was built as a 4-bedroom & 4-bathroom unit with a large shared kitchen area in each unit. These units are thoughtfully configured to accommodate traditional multifamily and co-living rental arrangements. Currently the property is 75% rented, with one additional unit having several bedrooms to 4 vacant bedrooms to occupy. Strategically situated near major employment centers, public transportation, shopping, dining, and entertainment, the property is well-positioned to benefit from the continued demand for flexible residential housing in central Los Angeles. Offered at $2,000,000, this property is part of a portfolio of Co-Living apartment buildings collectively listed at $11,350,000. All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.
| MLS # | GD26233853 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2021 |
| Days On Site | 16 |
| Listing Provided By | Keller Williams R. E. Services | Kirk Garabedian |
| SQ Feet | 5,785 |
|---|---|
| Garage | 8 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.14 |
| Lot Features | Rectangular Lot |
|---|
| Parking Features | None |
|---|---|
| Garage Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Community Features | Biking |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $2,000,000 low | high Med: $947,000 sqft: 5,785 low | high Med: 1,345 $ / sqft: $346 low | high Med: $713 On site: 16 low | high Med: 129.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $2,000,000 low | high Med: $947,000 sqft: 5,785 low | high Med: 1,345 $ / sqft: $346 low | high Med: $713 On site: 16 low | high Med: 129.5 | |
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