800 North Hobart Boulevard

Los Angeles, CA 90029

$1,650,000
Price
4
Beds
3
Baths
2,142 Sq. Ft.
$770 / Sq. Ft.
2,142
Sq. Ft.
$770
per Sq. Ft.

Description

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...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.
  1. Listed by John Ha • DRE #01983001 • Brokerage DRE #01983001 • MUTOOF®

Property Details for 800 North Hobart Boulevard

Zoning
LARD1.5
Parcel Number
5535031013
Total Units
2.0
Living Area
2142
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
3%
Lot Size Area
7281

Location

Listing Courtesy of MUTOOF®, John Ha, DRE #01983001
Add your commute
LISTING UPDATED: 04/23/2024 07:22 PM

Property Details for 800 North Hobart Boulevard

StatusActive
MLS #24-360991
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.17 AC / 7,281 SF
CountyLos Angeles County

Location

Listing Courtesy of MUTOOF®, John Ha, DRE #01983001
Add your commute

Building Information for 800 North Hobart Boulevard

Stories-Residences-Year Built1921Building Size-Lot Size0.17 AC / 7,281 SF

Payment Calculator

$9,672 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$667

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 800 North Hobart Boulevard

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 2
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $88,464
  • Net Operating Income: $61,191.00
  • Gross Income: $91,200
  • Gross Rent Multiplier: $25.46
  • Total Annual Expense: 27273
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1671
  • Lot Size Square Feet: 7281
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Alarm System, Other
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: Other
  • Pool Features: See Remarks
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $88,765.00
  • Assessed Improvement Percent: 14.29
  • Assessed Land Value: $532,621.00
  • Assessed Land Percent: 85.71
  • Assessed Total Value: $621,386.00

Property History for 800 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 800 North Hobart Boulevard

Taxable ValueLand$532,621Additions$88,765Total$621,386
Tax Record2023$8,004 ($667 / month)
Home Facts
Total Finished SqFt2,142 SqFtAbove Grade Finished SqFt2,142 SqFtLot Size7,278 SqFtStyleDuplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN5535-031-013

Schools near 800 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
Public - 9 to 12
Rating
School
Distance
Kingsley Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 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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800 North Hobart Boulevard is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on February 22, 2024 by MUTOOF®, it's currently listed at $1,650,000. It has been on the market for a total of 72 days and was last sold on February 14, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Kingsley Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 800 North Hobart Boulevard is a 4-bed, 3-bath, 2,142 sqft multi-family home built in 1921.

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 MUTOOF®, John Ha, DRE #01983001

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.