539 North Hobart Boulevard
539 North Hobart Boulevard
$4,200,000
18,430 / 0.42
Sold 12/21/21
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.
- Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #00625769 • Compass
- Listed by James Cheung • DRE #01940778 • Compass
Property Details for 539 North Hobart Boulevard
Zoning
R3-1 Tier 2
Parcel Number5521012025
AreaMid-Wilshire (C17)
Lot Size Area18430
Source Lot Size AreaAssessor
Present Use3 SFRs on 3 Lots
Potential Usage39 Unit Resident Project almost RTI
Assessor Parcel Number5521-012-025
Location
LISTING UPDATED: 01/03/2022 01:41 PM
Property Details for 539 North Hobart Boulevard
Status | Sold |
---|---|
MLS # | 21-783818 |
Days on Market | 21 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.42 AC |
County | Los Angeles County |
Location
Building Information for 539 North Hobart Boulevard
Lot Size0.42 AC
Payment Calculator
$24,377 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 539 North Hobart Boulevard
Property History for 539 North Hobart Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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