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800 N Hobart Blvd, Los Angeles, CA 90029
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800 N Hobart Blvd Los Angeles, CA 90029

$1,650,000
  • 5 Beds
  • 4 Baths
  • 2,142 Sq.Ft.
For Sale
$1,650,000 Get Pre-Qualified
Map preview of 800 N Hobart Blvd, Los Angeles, CA 90029

Property Overview: 800 N Hobart Blvd Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,142 living square feet and 7,281 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: We are pleased to present 800 N Hobart Blvd, Los Angeles, CA 90029. Duplex on over 7,280 SF lot in the heart of Melrose Hill. Huge value-add opportunity 79% upside in rents. Upside redevelopment potential TOC (Transit Oriented Communities) Tier 2 location that allows increased residential density (RD1.5-1XL zoning). Newly updated interior. 2.94 kW roof mounted photovoltaic solar system on both the main house and back unit which efficiently reduces electricity bills. Sub-metered. Walk Score of 90 (Walkers Paradise). Excellent location near the major transit stops, highways (US-101 & SR-2) and shopping centers. Just two miles west of Hollywood, and five miles east of Downtown L.A. The subject property consists of total two (2) units totaling 2,142 SF on a sizable 7,281 SF lot. Mix of total one (1) 3beds/2baths unit and one (1) 1bed/1bath unit. The duplex property to be sold "as-is" with the tenants remaining in possession but can be delivered vacant. DO NOT DISTURB TENANTS. Please submit an offer with POF. Shown upon accepted offer. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.

Listed by John Ha | BRE #01983001 | MUTOOF®
Last checked: 14 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 69
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Home details

Lot Sq. Ft
7,281
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24360991
City
Los Angeles
County
Los Angeles
Time on Site
70 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 25.46
  • Gross Scheduled Income: --
  • Net Operating Income: $61,191
  • Gross Operating Income: $88,464
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 800 N Hobart Blvd

Interior Features
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • Pool Features: See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 5535031013
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Turn north to N Hobart Blvd on Melrose Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 800 N Hobart Blvd

View property's historical transactions

  • February, 2024

  • Feb 22, 2024

    Date

    Active

    CRMLS: 24360991

    $1,900,000

    Price

Tax History for 800 N Hobart Blvd

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

800 N Hobart Blvd is listed 34.69% 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 $770.31 per/sqft which puts the price per square foot 0.48% lower than the median price per square foot for the city of Los Angeles.

About 800 N Hobart Blvd

Detailed summary of property

800 N Hobart Blvd is a multi family located in Los Angeles, CA 90029 and is currently for sale. This multi family property offers 5 bedrooms, 4 bathrooms, roughly 2,142 living square feet, and sits on an approximately 7,281 square foot lot. 800 N Hobart Blvd was first listed on ArdentRealEstateGroup.com on February 22, 2024. The homeowner is currently asking $1,650,000 and was originally asking $1,900,000. 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 34.69% higher than the median priced home. Local competing homes currently for sale include 1150 N Kingsley Dr, 5449 S Virginia Ave and 537 N Kenmore Ave. While the average home in Los Angeles, CA is selling in 96 days, 800 N Hobart Blvd has a days on market of 69 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 800 N Hobart Blvd Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 800 N Hobart Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
33
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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