542 S Hobart Boulevard, Los Angeles,
California CA90020-3751
Listing IDAR22159602
21,620
SqFt
0.388
Acres
$8,000,000
Just Listed- this incredible 37 Unit Value-Add Opportunity in the heart of Koreatown. Property is located 1 block North of Wilshire Blvd and has been held by the same owner since the mid 1990’s. Koreatown is a thriving market with many new developments taking place and a strong demand for housing in the area. There’s significant rental upside (44% +/-), creating long term value for the next owner. The property has a common area laundry, on grade gated parking, secure entrance, individually metered for gas / electricity, and has a pool in the back! The property has great curb appeal with a gated security entrance and on grade parking. There is a podium style parking garage, with 30 spaces and 4 spots out front and is not subject to any soft story retrofit requirements. This building is an attractive investment, in a prime location. Generational property in a thriving market.