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    1641 N Hobart Blvd

    Los Angeles, CA 90027
    • $3,595,000
    • STATUS: Active
    • ON SITE: 51 days
    • MLS #: 21-768486
    UPDATED: 46 min ago
    $3,595,000
    • 7
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,487
      SQFT
    • $379
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Ratings & Info

    Description

    Significant Value-Add Opportunity - Current rents at the property are well below market. There is approximately 50% upside in the current rents. | Delivered with Three Vacancies - The property will be delivered with three (3) vacant units (two (2) 1-bedroom units and one (1) studio unit)). The units are rent-ready, however a new investor may wish to renovate the units further to achieve a higher rent. | Great Location Next to Many of LAs Best Neighborhoods - The subject property is located near the corner of Hollywood Blvd and Hobart Blvd. Just south of the Hollywood Hills with a number of new development in the surrounding area. Adjacent to the trending neighborhood of Los Feliz. | Opportunity for Additional Income - There are 7 parking spaces on-site and no soft-story retrofit is required. Current ownership does not charge for parking. New ownership may choose to change that and add parking income. | On-Site Laundry - Laundry is located on-site for tenant use. Current washers and dryers are grossing an average of $50 a month. | Attractive Financing Available - Attractive purchase financing is available. Please inquire with the listing agent for more details.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/120018677
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    1641 N Hobart Blvd Los Angeles, CA 90027

    • Price: $3,595,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 21-768486
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    9,487
    SQFT
    $379
    $/SQFT
    1949
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Significant Value-Add Opportunity - Current rents at the property are well below market. There is approximately 50% upside in the current rents. | Delivered with Three Vacancies - The property will be delivered with three (3) vacant units (two (2) 1-bedroom units and one (1) studio unit)). The units are rent-ready, however a new investor may wish to renovate the units further to achieve a higher rent. | Great Location Next to Many of LAs Best Neighborhoods - The subject property is located near the corner of Hollywood Blvd and Hobart Blvd. Just south of the Hollywood Hills with a number of new development in the surrounding area. Adjacent to the trending neighborhood of Los Feliz. | Opportunity for Additional Income - There are 7 parking spaces on-site and no soft-story retrofit is required. Current ownership does not charge for parking. New ownership may choose to change that and add parking income. | On-Site Laundry - Laundry is located on-site for tenant use. Current washers and dryers are grossing an average of $50 a month. | Attractive Financing Available - Attractive purchase financing is available. Please inquire with the listing agent for more details.
    Exterior Features

    Lot Size Area 12008 Other Structures None Parking Garage Assigned Total Parking 7

    Interior Features

    Baths Total 17.00 Cooling Window Unit(S) Equipment WasherDryer Heating Other

    Property Features

    Assessed Total Value 507395 Gross Income 227244 Gross Operating Income 215912 Like Units1 9 Like Units2 7 Like Units3 1 Net Operating Income 111180.00 Number Of Buildings 1 Number Of Units 17 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 104732 Type Of Units Mixed Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Thomas Jonsson DRE#01755842 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Palm Desert CA, 92260