Search
1641 N Hobart Blvd, Los Angeles, CA 90027
Image 2 for 1641 N Hobart Blvd, Los Angeles, CA 90027
Image 3 for 1641 N Hobart Blvd, Los Angeles, CA 90027
View Photos

1641 N Hobart Blvd Los Angeles, CA 90027

$3,260,000 Sold Price as of 12/22/2021
  • 7 Beds
  • 17 Baths
  • 9,487 Sq.Ft.
Sold
$3,260,000 Sold Price as of 12/22/2021 Refinance Your Mortgage
Map preview of 1641 N Hobart Blvd, Los Angeles, CA 90027

Property Overview: 1641 N Hobart Blvd Los Angeles, CA has 7 bedrooms, 17 bathrooms, 9,487 living square feet and 12,008 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Thomas Jonsson | BRE #01755842 | James Capital Advisors, Inc.
Co-listed by William James | BRE #01734419 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 11 minutes ago | Last updated: May 10th, 2022 | Source CRMLS | DOM: 82

Home details

Lot Sq. Ft
12,008
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21768486
City
Los Angeles
County
Los Angeles
Time on Site
1013 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 17
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $877
  • Total Rent: $7,900
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,466
  • Total Rent: $10,262
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $725
  • Total Rent: $725
  • Pro Forma/Market Rent: $1,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.86
  • Gross Scheduled Income: --
  • Net Operating Income: $113,580
  • Gross Operating Income: $215,912
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1641 N Hobart Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 17
  • Parcel Number: 5544020004
Location / Neighborhood
Location Information
  • Directions: The subject property is located near the corner of Hollywood Blvd and Hobart Blvd. Just south of the Hollywood Hills.
View more facts & features

Local Los Angeles Agent

Sale History for 1641 N Hobart Blvd

Last sold for $3,260,000 on December 22nd, 2021

  • August, 2021

  • Aug 4, 2021

    Date

    Active

    CRMLS: 21768486

    $3,595,000

    Price

Tax History for 1641 N Hobart Blvd

Assessed Value (2020): $507,495
Year Land Value Improved Value Assessed Value
2020 $403,859 $103,636 $507,495

Home Value Compared to the Market

This property vs the competition

1641 N Hobart Blvd sold on December 22, 2021 for 185.29% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $357.86 per/sqft which puts the price per square foot 52.6% lower than the current median sale per square foot for the city of Los Angeles.

About 1641 N Hobart Blvd

Detailed summary of property

1641 N Hobart Blvd is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 7 bedrooms, 17 bathrooms, roughly 9,487 living square feet, and sits on an approximately 12,008 square foot lot. 1641 N Hobart Blvd was first listed on ArdentRealEstateGroup.com on August 4, 2021. The homeowner sold the property for $3,260,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 185.29% higher than the current median priced home. Local homes that are currently for sale include 4310 Franklin Ave, 4253 Franklin Ave and 4312 Price St. While the average home in Los Angeles, CA is selling in 93 days, 1641 N Hobart Blvd has a days on market of 82 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1641 N Hobart Blvd Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1641 N Hobart Blvd

Public county record property details
Beds
2
Baths
17
Year built
1949
Sq. Ft.
9,487
Lot Size
12,007
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5544-020-004

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,390,000
Median List Price/Sq.Ft.
$928
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
85
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1641 N Hobart Blvd

Nearby Homes for Sale

1610 Hobart, Los Angeles, CA 90027
$2,900,000
7 Beds
4 Baths
3639 Sq.Ft.
1610 Hobart
Los Angeles, CA 90027
1400 N. Hobart Blvd, Los Angeles, CA 90027
$3,600,000
23 Beds
10 Baths
19776 Sq.Ft.
1400 N. Hobart Blvd
Los Angeles, CA 90027
1802 N Western Ave, Los Angeles, CA 90027
$2,695,000
10 Beds
10 Baths
6660 Sq.Ft.
1802 N Western Ave
Los Angeles, CA 90027
1405 N Normandie Ave, Los Angeles, CA 90027
$3,250,000
15 Beds
16 Baths
10001 Sq.Ft.
1405 N Normandie Ave
Los Angeles, CA 90027
1214 N Kingsley Dr, Los Angeles, CA 90029
$3,500,000
10 Beds
9 Baths
6703 Sq.Ft.
1214 N Kingsley Dr
Los Angeles, CA 90029
5662 Fountain Ave, Los Angeles, CA 90028
$2,695,000
10 Beds
8 Baths
6020 Sq.Ft.
5662 Fountain Ave
Los Angeles, CA 90028
5700 La Mirada Ave, Los Angeles, CA 90038
$2,890,000
14 Beds
14 Baths
8445 Sq.Ft.
5700 La Mirada Ave
Los Angeles, CA 90038
5380 Romaine St, Los Angeles, CA 90029
$2,750,000
20 Beds
16 Baths
8760 Sq.Ft.
5380 Romaine St
Los Angeles, CA 90029
933 N Mariposa Ave, Los Angeles, CA 90029
$3,200,000
12 Beds
10 Baths
6426 Sq.Ft.
933 N Mariposa Ave
Los Angeles, CA 90029
5017 Institute Pl, Los Angeles, CA 90029
$2,900,000
8 Beds
0 Baths
8080 Sq.Ft.
5017 Institute Pl
Los Angeles, CA 90029
639 N Alexandria Ave, Los Angeles, CA 90004
$3,690,000
19 Beds
18 Baths
8468 Sq.Ft.
639 N Alexandria Ave
Los Angeles, CA 90004
6222 Banner Ave, Los Angeles, CA 90038
$3,789,000
14 Beds
14 Baths
6640 Sq.Ft.
6222 Banner Ave
Los Angeles, CA 90038

Recently Sold Homes Near 1641 N Hobart Blvd

1616 N Serrano Ave, Los Angeles, CA 90027
$9,950,000 Last Sold Price
41 Beds
41 Baths
-- Sq.Ft.
1616 N Serrano Ave
Los Angeles, CA 90027
1621 N Kingsley Dr, Los Angeles, CA 90027
$850,000 Last Sold Price
5 Beds
5 Baths
3078 Sq.Ft.
1621 N Kingsley Dr
Los Angeles, CA 90027
5300 Loma Linda Ave, Los Angeles, CA 90027
$2,600,000 Last Sold Price
10 Beds
10 Baths
7532 Sq.Ft.
5300 Loma Linda Ave
Los Angeles, CA 90027
5271 W Sunset Blvd, Los Angeles, CA 90027
$1,950,000 Last Sold Price
8 Beds
4 Baths
5427 Sq.Ft.
5271 W Sunset Blvd
Los Angeles, CA 90027

Related Resources to 1641 N Hobart Blvd

New Listings in 90027
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote