Commercial > Multi-family / Apartments
Active
09/17/2025
List Price
$1,800,000$245/ft²
248 Hobart Blvd
Los Angeles, CA 90004
- 16Beds
- 16Baths
- 7,359ft²Living Area
- 10,386ft²Lot Size
- -Pool
- -Car
- 1928Year Built
- 47DOM
- -Permit
248 Hobart Blvd, Los Angeles, CA 90004 is a 16 bed, 16 bath, 7,359 ft² multi-family/apartments property built in 1928 on a 0.238 acre lot. This multi-family/apartments is currently listed for $1,800,000, and it was last sold in 2021.
MLS Description
The listing agent's description. Original Listing
Welcome to 248 S Hobart Blvd, an exceptional 8-unit apartment building located in the heart of Koreatown, one of Los Angeles’ most vibrant and high-demand rental markets. Built in 1928, this charming property offers a vintage aesthetic while benefiting from recent upgrades, including a new roof (2020), exterior paint and patching (2020), and updated electrical systems (2022–2023).
The building consists of eight spacious 2-bedroom, 1.25-bath units, each approximately 920 sq. ft., spread across two floors. All units are separately metered, providing operational efficiency. Current rents are significantly below market, offering substantial upside potential as units turn over. Pro forma rents project income growth to over $17,600 per month, supporting a pro forma cap rate of 6.64%.
Situated on a 10,386 sq. ft. lot with R3-1 zoning, the property totals 7,359 sq. ft. of building space. Residents enjoy easy access to local amenities including renowned restaurants, shopping, markets, schools, and public transit—just blocks from the Metro Red and Purple lines. The property’s walkable location, one block off Western Avenue, makes it highly desirable for tenants seeking convenience and connectivity.
Ideal opportunity for investors seeking stable cash flow, low vacancy, and strong long-term upside in one of Los Angeles’ most dynamic rental submarkets.
Listing Agents
The listing agent for 248 Hobart Blvd is Jacob Choi.
JC
Jacob Choi
Real Broker
License: 01744435
Phone: (619) 248-6434
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$28,729.25From latest Total Assessed Value1.26%Total Assessed Value$2,279,756=Land+
Assessed Value$1,560,600Additions
Assessed Value$719,156
In 2024, taxes billed for 248 Hobart Blvd were $28,729.25, which is 1.26% from latest Total Assessed Value of $2,279,756.
Property History
248 Hobart Blvd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 248 Hobart Blvd
Hazard Risks
Earthquake423Carb Mono139Ozone111Air Pollution110Particulates109Lead104Nat'l Avg100Tornado83Weather38Hurricane10Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 248 Hobart Blvd.
Walkability Index
17 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
248 Hobart Blvd has a walkability score of 17 out of 20, which means that it is in a very walkable area.
Noise Level
36 dB
Quiet Suburban Residential 0-49
Suburban Residential 50-54
Urban Residential 55-59
Noisy Urban Residential 60-64
Very Noisy Urban Residential 65+
Noise at 248 Hobart Blvd is around 36dBs, which is comparable to a Quiet Suburban Residential area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
46°F
High
67°F
Summer
Average
Low
61°F
High
80°F
In the winter at 248 Hobart Blvd, temperatures range from 46.12°F to 66.99°F with an average of 56.56°F. In the summer, the temperature ranges from 60.53°F to 79.75°F with and average of 70.14°F.
School Information
Public/private schools serving 248 Hobart Blvd
Public Schools
Cahuenga Elementary School
Grades: KG-5
0.05 mi
B-
Virgil Middle School
Grades: 6-8
0.85 mi
C
RFK Community Schools - Los Angeles High School of the Arts
Grades: 9-12
0.83 mi
C-
RFK Community Schools - School for the Visual Arts & Humanities
Grades: 9-12
0.83 mi
D+
RFK Community Schools - New Open World Academy
Grades: KG-12
0.91 mi
C-
RFK Community Schools - UCLA Community School
Grades: KG-12
0.81 mi
D+
RFK Community Schools - Ambassador School of Global Leadership
Grades: 6-12
0.83 mi
D
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 248 Hobart Blvd have ratings undefined, undefined, undefined, undefined, undefined, undefined, and undefined.
Neighborhood
This property is located in Little Bangladesh, Los Angeles, CA 90004.
Seasonal Housing units 90004
4%of housing is for seasonal rent.
Daytime Population for 90004
-20%of people during work hours.
Crime Index for 90004
140
140
The crime index in 90004 is 140, which is 1.4 times higher than national average.
Market Trends
Historical market data near 248 Hobart Blvd over selected time period.
Nearby Properties on Hobart Blvd
- 509 N Hobart Blvd, Los Angeles, CA 90004 (East Hollywood) is a 5,040 square foot and 0.17 acre property. It was built in 1927 and has an estimate of $1,809,047 with a price per ft² of $359.
- 1049 S Hobart Blvd # 103, Los Angeles, CA 90006 (Country Club Park) is a 1,140 square foot, 2 bedroom, 2 bathroom, 0.29 acre property. It was built in 2006 and has an estimate of $688,478 with a price per ft² of $604.
- 6119 S Hobart Blvd, Los Angeles, CA 90047 (Harvard Park) is a 2,770 square foot, 4 bedroom, 4 bathroom, 0.14 acre property. It was built in 1947 and has an estimate of $1,277,577 with a price per ft² of $461.
- 1049 S Hobart Blvd # 302, Los Angeles, CA 90006 (Country Club Park) is a 1,370 square foot, 2 bedroom, 2 bathroom, 0.29 acre property. It was built in 2006 and has an estimate of $833,662 with a price per ft² of $609.
- 1049 S Hobart Blvd # 203, Los Angeles, CA 90006 (Country Club Park) is a 1,140 square foot, 2 bedroom, 2 bathroom, 0.29 acre property. It was built in 2006 and has an estimate of $690,359 with a price per ft² of $606.
- 1049 S Hobart Blvd # 403, Los Angeles, CA 90006 (Country Club Park) is a 1,510 square foot, 2 bedroom, 2 bathroom, 0.29 acre property. It was built in 2006 and has an estimate of $886,995 with a price per ft² of $587.
- 1049 S Hobart Blvd # 205, Los Angeles, CA 90006 (Country Club Park) is a 1,170 square foot, 2 bedroom, 2 bathroom, 0.29 acre property. It was built in 2006 and has an estimate of $696,393 with a price per ft² of $595.
- 1049 S Hobart Blvd # 404, Los Angeles, CA 90006 (Country Club Park) is a 1,540 square foot, 2 bedroom, 2 bathroom, 0.29 acre property. It was built in 2006 and has an estimate of $896,820 with a price per ft² of $582.
- 422 N Hobart Blvd, Los Angeles, CA 90004 (East Hollywood) is a 2,788 square foot, 6 bedroom, 4 bathroom, 0.17 acre property. It was built in 1920 and has an estimate of $1,761,727 with a price per ft² of $632.
- 3962 S Hobart Blvd, Los Angeles, CA 90062 (King Estates) is a 2,965 square foot, 7 bedroom, 3 bathroom, 0.13 acre property. It was built in 1906 and has an estimate of $1,521,473 with a price per ft² of $513.
- 600 N Hobart Blvd, Los Angeles, CA 90004 (East Hollywood) is a 1,088 square foot, 2 bedroom, 1 bathroom, 0.1 acre property. It was built in 1922 and has an estimate of $973,692 with a price per ft² of $895.
- 610 N Hobart Blvd, Los Angeles, CA 90004 (East Hollywood) is a 1,220 square foot, 3 bedroom, 3 bathroom, 0.15 acre property. It was built in 1912 and has an estimate of $1,133,846 with a price per ft² of $929.
- 616 N Hobart Blvd, Los Angeles, CA 90004 (East Hollywood) is a 4,488 square foot, 11 bedroom, 7 bathroom, 0.15 acre property. It was built in 1950 and has an estimate of $1,418,106 with a price per ft² of $316.
- 628 N Hobart Blvd, Los Angeles, CA 90004 (East Hollywood) is a 1,448 square foot, 2 bedroom, 1 bathroom, 0.15 acre property. It was built in 1920 and has an estimate of $1,040,738 with a price per ft² of $719.
- 640 N Hobart Blvd, Los Angeles, CA 90004 (East Hollywood) is a 1,488 square foot, 3 bedroom, 1 bathroom, 0.17 acre property. It was built in 1930 and has an estimate of $1,219,898 with a price per ft² of $820.
- 644 N Hobart Blvd, Los Angeles, CA 90004 (644 N Hobart Boulevard) is a 800 square foot, 1 bedroom, 1.75 bathroom, 0.17 acre property. It was built in 1911 and has an estimate of $976,224 with a price per ft² of $1,220.
- 4264 S Hobart Blvd, Los Angeles, CA 90062 (Vermont Square) is a 1,452 square foot, 2 bedroom, 1 bathroom, 0.13 acre property. It was built in 1919 and has an estimate of $1,102,162 with a price per ft² of $759.
- 1220 S Hobart Blvd, Los Angeles, CA 90006 (Byzantine-Latino Quarter) is a 3,513 square foot, 7 bedroom, 3 bathroom, 0.14 acre property. It was built in 1938 and has an estimate of $1,072,187 with a price per ft² of $305.
- 254 S Hobart Blvd #Apt 5, Los Angeles, CA 90004 (254 South Hobart Boulevard) is a 1,444 square foot, 2 bedroom, 2.5 bathroom, 0.28 acre property. It was built in 1981 and has an estimate of $936,987 with a price per ft² of $649.
- 254 S Hobart Blvd #Apt 3, Los Angeles, CA 90004 (254 South Hobart Boulevard) is a 1,444 square foot, 3 bedroom, 3 bathroom, 0.28 acre property. It was built in 1981 and has an estimate of $1,007,253 with a price per ft² of $698.
- 254 S Hobart Blvd #Apt 4, Los Angeles, CA 90004 (254 South Hobart Boulevard) is a 1,444 square foot, 2 bedroom, 2.5 bathroom, 0.28 acre property. It was built in 1981 and has an estimate of $964,382 with a price per ft² of $668.
- 254 S Hobart Blvd #Apt 10, Los Angeles, CA 90004 (254 South Hobart Boulevard) is a 2,113 square foot, 2 bedroom, 3 bathroom, 0.28 acre property. It was built in 1981 and has an estimate of $1,281,369 with a price per ft² of $606.
- 254 S Hobart Blvd #Apt 6, Los Angeles, CA 90004 (254 South Hobart Boulevard) is a 1,444 square foot, 3 bedroom, 3 bathroom, 0.28 acre property. It was built in 1981 and has an estimate of $1,003,114 with a price per ft² of $695.
- 254 S Hobart Blvd #Apt 2, Los Angeles, CA 90004 (254 South Hobart Boulevard) is a 1,444 square foot, 2 bedroom, 3 bathroom, 0.28 acre property. It was built in 1981 and has an estimate of $988,279 with a price per ft² of $684.
- 254 S Hobart Blvd #Apt 9, Los Angeles, CA 90004 (254 South Hobart Boulevard) is a 1,444 square foot, 2 bedroom, 3 bathroom, 0.28 acre property. It was built in 1981 and has an estimate of $1,151,320 with a price per ft² of $797.
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