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

$1,100,000 Sold Price as of 07/30/2021
  • 6 Beds
  • 4 Baths
  • 3,688 Sq.Ft.
Sold
$1,100,000 Sold Price as of 07/30/2021 Refinance Your Mortgage
Map preview of 825 N Hobart Blvd, Los Angeles, CA 90029

Property Overview: 825 N Hobart Blvd Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,688 living square feet and 6,051 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 825 N Hobart, a two story fourplex in the heart of East Hollywood. Located in the Melrose Hill neighborhood, the building is perfect for any investor looking for a value add opportunity in a high developing area. Property consists of (3) 1 bedroom units and (1) 3 bedroom unit with two of the units being delivered vacant for the new owner to renovate and collect market rents or owner-occupy. Each unit is individually metered for gas and electricity. ADU opportunity with vacant garage for new owner. A Must See!

Listed by Scott Harvey | BRE #01963157 | Figure 8 Realty
Co-listed by Edward Faktorovich | BRE #01401897 | Figure 8 Realty
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
6,051
HOA Dues
$0/mo
Year built
1924
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
21747038
City
Los Angeles
County
Los Angeles
Time on Site
1071 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,151
  • Total Rent: $1,151
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,397
  • Total Rent: $1,397
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 825 N Hobart Blvd

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Garage - Single Door, Driveway
Property Information
  • Total # of Units: 4
  • Parcel Number: 5535026010
Location / Neighborhood
Location Information
  • Directions: Hobart Blvd & Melrose Ave
View more facts & features

Local Los Angeles Agent

Sale History for 825 N Hobart Blvd

Last sold for $1,100,000 on July 30th, 2021

  • August, 2021

  • Aug 2, 2021

    Date

    Sold

    CRMLS: 21747038

    $1,100,000

    Price

  • Jun 17, 2021

    Date

    Pending

    CRMLS: 21747038

    $995,000

    Price

  • Jun 10, 2021

    Date

    Active

    CRMLS: 21747038

    $995,000

    Price

  • December, 2020

  • Dec 21, 2020

    Date

    Sold

    CRMLS: 20644702

    $725,000

    Price

  • Oct 15, 2020

    Date

    Pending

    CRMLS: 20644702

    $890,000

    Price

  • Oct 9, 2020

    Date

    Active

    CRMLS: 20644702

    $890,000

    Price

  • Listing provided courtesy of CRMLS

    Originally constructed in 1924, the property features a unit mix featuring three (3) 1 bedroom 1 bathroom units and one (1) 3 bedroom 1 bathroom unit. Each unit is individually metered for gas and electricity, while water and sewer are the landlord's responsibility. This is a long term value added opportunity for the patient investor to capitalize on approximately 80% +/-of rental upside. Presently, the property does not feature any laundry providing an opportunity for the creative investor to create additional income by adding coin-operated laundry or higher rental rates with in unit laundry. Property also features room for on-site parking, and there is typically ample street parking available. Back structure needs a new roof.

  • December, 2020

  • Dec 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

  • January, 2019

  • Jan 4, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 825 N Hobart Blvd

Assessed Value (2020): $107,148
Year Land Value Improved Value Assessed Value
2020 $43,382 $63,766 $107,148

Home Value Compared to the Market

This property vs the competition

825 N Hobart Blvd sold on July 30, 2021 for 16.39% lower 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 $269.79 per/sqft which puts the price per square foot 64.27% lower than the current median sale per square foot for the city of Los Angeles.

About 825 N Hobart Blvd

Detailed summary of property

825 N Hobart Blvd is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,688 living square feet, and sits on an approximately 6,051 square foot lot. 825 N Hobart Blvd was first listed on ArdentRealEstateGroup.com on June 10, 2021. The homeowner sold the property for $1,100,000. 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 16.39% lower than the current median priced home. Local homes that are currently for sale include 5670 Lexington Ave, 5228 De Longpre Ave and 1412 N Serrano Ave. While the average home in Los Angeles, CA is selling in 94 days, 825 N Hobart Blvd has a days on market of 4 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 825 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 825 N Hobart Blvd

Public county record property details
Beds
6
Baths
3
Year built
1924
Sq. Ft.
3,688
Lot Size
6,050
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5535-026-010

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
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
35
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Recently Sold Homes Near 825 N Hobart Blvd

815 N Hobart Blvd, Los Angeles, CA 90029
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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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