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509 N Hobart Blvd, Los Angeles, CA 90004
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509 N Hobart Blvd Los Angeles, CA 90004

$1,389,000 Sold Price as of 06/30/2023
  • 17 Beds
  • 10 Baths
  • 5,040 Sq.Ft.
Sold
$1,389,000 Sold Price as of 06/30/2023 Refinance Your Mortgage
Map preview of 509 N Hobart Blvd, Los Angeles, CA 90004

Property Overview: 509 N Hobart Blvd Los Angeles, CA has 17 bedrooms, 10 bathrooms, 5,040 living square feet and 7,509 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fabulous architecture! 4-Units in Prime Hollywood Location. Great Mediterranean style building with two-2 bedrooms with1 bath and two-1 bedroom with 1 bath. Each unit has large living room, dining area with built-in shelving, kitchen, full bath, spacious bedrooms and washer and dryer hookups in each unit. High ceilings and large windows which allows natural light inside. Carport parking plus additional parking in the rear. R3 Lot. Property is well maintained by the Management Co. Seller financing might be possible.

Listed by Charles Picker | BRE #00414181 | I.X.A.
Last checked: 2 minutes ago | Last updated: June 30th, 2023 | Source CRMLS | DOM: 390

Home details

Lot Sq. Ft
7,509
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22131927
City
Los Angeles
County
Los Angeles
Time on Site
793 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,320
  • Total Rent: $1,320
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,340
  • Total Rent: $1,340
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,035
  • Total Rent: $1,035
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 28.61
  • Gross Scheduled Income: --
  • Net Operating Income: $40,216
  • Gross Operating Income: $59,340
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 509 N Hobart Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile, Laminate
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport, Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5521012018
  • Year Built Source: Assessor
  • Architectural Style: Mediterranean
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: From 101Freeway, exit on Melrose and go South and turn left on Hobart Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 509 N Hobart Blvd

Last sold for $1,389,000 on June 30th, 2023

  • June, 2023

  • Jun 30, 2023

    Date

    Sold

    CRMLS: 22131927

    $1,389,000

    Price

  • Mar 1, 2022

    Date

    Active

    CRMLS: 22131927

    $1,698,000

    Price

  • January, 2020

  • Jan 17, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2004

  • Apr 22, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 509 N Hobart Blvd

Assessed Value (2020): $1,320,000
Year Land Value Improved Value Assessed Value
2020 $1,000,000 $320,000 $1,320,000

Home Value Compared to the Market

This property vs the competition

509 N Hobart Blvd sold on June 30, 2023 for 16.72% 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 $275.6 per/sqft which puts the price per square foot 63.5% lower than the current median sale per square foot for the city of Los Angeles.

About 509 N Hobart Blvd

Detailed summary of property

509 N Hobart Blvd is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 17 bedrooms, 10 bathrooms, roughly 5,040 living square feet, and sits on an approximately 7,509 square foot lot. 509 N Hobart Blvd was first listed on ArdentRealEstateGroup.com on March 1, 2022. The homeowner sold the property for $1,389,000. 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 16.72% higher than the current median priced home. Local homes that are currently for sale include 4307 Clinton St, 1000 N Oxford Ave and 537 N Kenmore Ave. While the average home in Los Angeles, CA is selling in 96 days, 509 N Hobart Blvd has a days on market of 390 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 509 N Hobart Blvd Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 509 N Hobart Blvd

Public county record property details
Beds
--
Baths
--
Year built
1927
Sq. Ft.
5,040
Lot Size
7,508
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,3
APN
5521-012-018

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

Thinking of Selling?

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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.

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