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1405 N Hobart Blvd

Los Angeles, CA 90027
  • $2,850,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 22-150977
UPDATED: 36 min ago
$2,850,000
  • 8
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,453
    SQFT
  • $523
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:
Area:

School Ratings & Info

Description

Classic 1930 Hollywood Spanish 8-unit apartment building beautifully maintained and upgraded. Enter into a lush courtyard to eight one-bedroom/one-bath units with loads of charm and character. Alluring archways at every turn, entirely gated and hedged for added privacy. On site parking with 9 uncovered spaces on the property, and laundry hookups for each unit. Located just south of Sunset Blvd with a Walk Score of 90, residents have great access to dining, shopping, galleries, theaters, and entertainment. Conveniently located between Los Feliz and Larchmont Village. A throwback to the Golden Age of Hollywood, this is the perfect investment opportunity in a prime location. The property generates approximately $145,000 of annual Net Income and has a cap rate of 4.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T06:44:22.227. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/128249586
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1405 N Hobart Blvd Los Angeles, CA 90027

  • Price: $2,850,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 36 min ago
  • MLS #: 22-150977
8
Beds
0
Baths
0
½ Baths
0.2
Acres
5,453
SQFT
$523
$/SQFT
1930
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
Classic 1930 Hollywood Spanish 8-unit apartment building beautifully maintained and upgraded. Enter into a lush courtyard to eight one-bedroom/one-bath units with loads of charm and character. Alluring archways at every turn, entirely gated and hedged for added privacy. On site parking with 9 uncovered spaces on the property, and laundry hookups for each unit. Located just south of Sunset Blvd with a Walk Score of 90, residents have great access to dining, shopping, galleries, theaters, and entertainment. Conveniently located between Los Feliz and Larchmont Village. A throwback to the Golden Age of Hollywood, this is the perfect investment opportunity in a prime location. The property generates approximately $145,000 of annual Net Income and has a cap rate of 4.
Exterior Features

Lot Size Area 8624 Other Structures None Parking Garage AssignedAuto Driveway GateDirect EntranceGatedPrivateSide By SideControlled EntranceParking Space Total Parking 9

Interior Features

Baths Total 8.00 Cooling None Equipment FreezerRange/OvenRefrigeratorGas Or Electric Dryer Hookup Heating Central

Property Features

Assessed Total Value 440164 Gardener Expense 1800.00 Gross Income 161760 Gross Operating Income 161760 Insurance Expense 2500.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 144988.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 16772 Trash Expense 3545.00 Type Of Units 1 Bedroom Water Expense 2655.00 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Monty Abramov DRE#01107333 of Rodeo Realty - Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T06:44:22.227. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270