Property Detail

268 Hobart

Los Angeles CA 90004

$3,595,000

Status: Active

Property Details

Description

SIGNALIZED INTERSECTION OF 3RD STREET & HOBART! PRIME KOREATOWN RETAIL ANCHORED BY KOREAN BBQ RESTAURANT - TENRAKU AND PERSONAL FITNESS GYM. 5.31% CAP RATE AT ASKING PRICE WITH NNN LEASES AND UPSIDE IN RENTS. VERY WELL MAINTAINED PROPERTY WITH NO DEFERRED MAINTENANCE. FULL RESTAURANT HAS BEEN IN OPERATIONS FOR YEARS AND HAVE STRONG SALES. PARKING IN FRONT. 3RD STREET HAS FANTASTIC VISIBILITY AND HEAVY TRAFFIC DAILY.

Map Location

Listing provided courtesy of Ryan Yatman of SP Residential Inc. Last updated 2026-05-10 08:32:06.000000. Listing information © 2026 CRMLS.

John Collins

John Collins

DRE# 01948188
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