539 North Hobart Boulevard

Los Angeles, CA 90004

$4,200,000
Last Sold Price
18,430 / 0.42
Lot Size / Acres

Description

We are proud to exclusively present for sale a Development Opportunity in Koreatown. A modern and attractive design with spacious apartments, this 39 Unit Project features all 2 Bed, 2 Bath units, many with balconies. 4 Units will be Affordable (Extremely Low Income) and the Project is not subject to RSO. The property consists of 3 contiguous lots totaling 18,438 SF R3-1 Tier 2 land. The design features one level of subterranean parking and one level of on grade parking, two elevators, a Leasing...We are proud to exclusively present for sale a Development Opportunity in Koreatown. A modern and attractive design with spacious apartments, this 39 Unit Project features all 2 Bed, 2 Bath units, many with balconies. 4 Units will be Affordable (Extremely Low Income) and the Project is not subject to RSO. The property consists of 3 contiguous lots totaling 18,438 SF R3-1 Tier 2 land. The design features one level of subterranean parking and one level of on grade parking, two elevators, a Leasing Office, an 866 SF Rec Room, Storage, Bicycle Parking, 67 Parking Spaces, Roof Decks and is about 90% completewithin striking distance of being Ready-to-Issue. The property has the possibility of converting the Leasing Office and/or the Rec Room to an ADU. The incredibly pedestrian friendly location gets a Walkers Paradise rating from Walk Score, being just down the street from Larchmont, Los Feliz and Virgil Village, with a great variety of restaurants, shopping and nightlife in the area. The Melrose and Western area has garnered tremendous attention, with a lot of money flowing in and a lot of new development all around. High paying Entertainment Industry Jobs can be found at Paramount Studios, Raleigh Studios and Conway Recording Studios just down the road. Central to all with easy access to the 101 freeway, and near both the Beverly/Vermont & Santa Monica Blvd. /Vermont Metro Subway Stations, this location and this beautifully designed project is sure to rent quickly, at the top of the market, with many long-term tenants. Transaction includes 3 Lots, each with its own APN. APNs included in this transaction are: 5521-012-025, 5521-012-026 & 5521-012-027.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #00625769 • Compass
  2. Listed by James Cheung • DRE #01940778 • Compass

Property Details for 539 North Hobart Boulevard

Zoning
R3-1 Tier 2
Parcel Number
5521012025
Area
Mid-Wilshire (C17)
Lot Size Area
18430
Source Lot Size Area
Assessor
Present Use
3 SFRs on 3 Lots
Potential Usage
39 Unit Resident Project almost RTI
Assessor Parcel Number
5521-012-025

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, James Cheung, DRE #01940778

Sold By Keller Williams Beverly Hills, Shawn S. Kormondy, DRE #01451888; Keller Williams Beverly Hills, Sabina Yi, DRE #01964836

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LISTING UPDATED: 01/03/2022 01:41 PM

Property Details for 539 North Hobart Boulevard

StatusSold
MLS #21-783818
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.42 AC
CountyLos Angeles County

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, James Cheung, DRE #01940778

Sold By Keller Williams Beverly Hills, Shawn S. Kormondy, DRE #01451888; Keller Williams Beverly Hills, Sabina Yi, DRE #01964836

Add your commute

Building Information for 539 North Hobart Boulevard

Lot Size0.42 AC

Payment Calculator

$24,377 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,921

Property Taxes

$1,456

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 539 North Hobart Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Other
Contract Info
Contract Info
  • Disclosures: As Is, Owner Is Listing Agent
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Other
  • Lot Acreage: 0.42
  • Lot Size Square Feet: 18430
  • Lot Size Dimensions: 123x150
  • Source Lot Size Dimensions: Assessor
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Lease Terms
Lease Terms
  • Entry Date: 09-14-2021

Property History for 539 North Hobart Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 539 North Hobart Boulevard

Taxable ValueLand$1,428,000Additions-Total$1,428,000
Tax Record2023$17,477 ($1,456 / month)
Home Facts
Beds3Total Finished SqFt1,354 SqFtAbove Grade Finished SqFt1,354 SqFtStories1Lot Size6,144 SqFtStyleSingle Family ResidenceYear Built1912ZoningLAR3CountyLOS ANGELESAPN5521-012-025

Schools near 539 North Hobart Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Harvard Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Central City Value School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, James Cheung, DRE #01940778

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.