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

$7,550,000
  • 17 Beds
  • 19 Baths
  • 16,035 Sq.Ft.
For Sale
$7,550,000 Get Pre-Qualified
Map preview of 641 N Hobart Blvd, Los Angeles, CA 90004

Property Overview: 641 N Hobart Blvd Los Angeles, CA has 17 bedrooms, 19 bathrooms, 16,035 living square feet and 7,506 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: ST Realty is pleased to present the opportunity to acquire a brand new, non-rent controlled 16-unit apartment building in Hollywood. Built-in 2023, The Property, located at 641 N Hobart Blvd, offers a great unit mix with two studios, 1 and 2-bedroom flats, and townhomes. The property offers large spacious units with an average square footage of 755 SF. It also includes an in-unit washer & dryer, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, mobile-friendly thermostats, Central A/C, and heat and reserved parking. The Property is centrally located and a short distance from the World Famous Hollywood Walk of Fame, Paramount Studios, Netflix, Koreatown, Larchmont, Downtown, and the Hollywood Bowl.

Listed by Paul Schon | BRE #01847860 | ST Realty, Inc
Last checked: 4 minutes ago | Last updated: March 24th, 2024 | Source CRMLS | DOM: 571
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Home details

Lot Sq. Ft
7,506
HOA Dues
$0/mo
Year built
2023
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
22203279
City
Los Angeles
County
Los Angeles
Time on Site
585 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,275
  • Total Rent: $0
  • Pro Forma/Market Rent: $157,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $0
  • Pro Forma/Market Rent: $9,600
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $0
  • Pro Forma/Market Rent: $43,200
Unit Breakdown 4
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,755
  • Total Rent: $0
  • Pro Forma/Market Rent: $297,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 1.75
  • Gross Scheduled Income: --
  • Net Operating Income: $340,922
  • Gross Operating Income: $492,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 641 N Hobart Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 19
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Builder
Property Information
  • Total # of Units: 16
  • Parcel Number: 5521004020
  • Year Built Source: Estimated
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: google
View more facts & features

Local Los Angeles Agent

Sale History for 641 N Hobart Blvd

Last sold for $975,000 on December 13th, 2018

  • February, 2024

  • Feb 1, 2024

    Date

    Expired

    CRMLS: 23239055

    $2,500

    Price

  • Feb 5, 2023

    Date

    Active

    CRMLS: 23239055

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Centrally located in Hollywood and very close to Koreatown. Surrounded by breathtaking views and a short distance from the Greek Theatre, the World Famous Hollywood Walk of Fame, Paramount Pictures, Netflix, Griffith park hiking trails, Koreatown and Downtown LA. ST Living @ Hobart features a mixture of 15 brand new studios, 1, and 2-bedroom units in Hollywood with exclusive amenities at your doorstep. The private residence offers an in-unit washer and dryer, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, A/C and heal, and reserved parking. Be the first to enjoy this brand new townhome and make it yours!

  • September, 2022

  • Sep 26, 2022

    Date

    Active

    CRMLS: 22203279

    $7,750,000

    Price

  • December, 2018

  • Dec 13, 2018

    Date

    Sold (Public Records)

    Public Records

    $975,000

    Price

  • February, 2009

  • Feb 5, 2009

    Date

    Sold (Public Records)

    Public Records

    $535,500

    Price

  • July, 2007

  • Jul 8, 2007

    Date

    Expired

    CRMLS: 12085712

    $997,000

    Price

  • Jan 19, 2007

    Date

    Active

    CRMLS: 12085712

    $997,000

    Price

  • Listing provided courtesy of CRMLS

    ABSOLUTELY GORGEOUS, 2 STORY HOME FOR EXTENDED FAMILY 4BD, 3BA, COMPLETELY REMODELED BRIGHT & SUNNY, ENJOYABLE MINIBAR, LARGE MASTER BEDROOM W/WALK-IN CLOSET BIG BACK YARD, 2 HUGE BALCONY WITH CITY VIEW AND OFFICE AREA. BRING ALL YOUR OFFERS, SELLER MOTIVATED.

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Tax History for 641 N Hobart Blvd

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,265,820 -- --

Home Value Compared to the Market

This property vs the competition

641 N Hobart Blvd is listed 516.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $470.85 per/sqft which puts the price per square foot 39.17% lower than the median price per square foot for the city of Los Angeles.

About 641 N Hobart Blvd

Detailed summary of property

641 N Hobart Blvd is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 17 bedrooms, 19 bathrooms, roughly 16,035 living square feet, and sits on an approximately 7,506 square foot lot. 641 N Hobart Blvd was first listed on ArdentRealEstateGroup.com on September 26, 2022. The homeowner is currently asking $7,550,000 and was originally asking $7,750,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 516.33% higher than the median priced home. Local competing homes currently for sale include 3355 Manning Ave, 10275 Missouri Ave and 3704 Glendon Ave. While the average home in Los Angeles, CA is selling in 96 days, 641 N Hobart Blvd has a days on market of 571 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 641 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 641 N Hobart Blvd

Public county record property details
Beds
4
Baths
4
Year built
1926
Sq. Ft.
2,354
Lot Size
7,505
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5521-004-020

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%)

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Recently Sold Homes Near 641 N Hobart Blvd

616 N Hobart Blvd, Los Angeles, CA 90004
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552 N Hobart Blvd, Los Angeles, CA 90004
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556 N Serrano Ave, Los Angeles, CA 90004
$1,049,000 Last Sold Price
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556 N Serrano Ave
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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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