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1405 N Hobart Boulevard

Los Angeles (City), CA 90027
  • $2,850,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: 22150977
UPDATED: 82 min ago
$2,850,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Listing Agent(s): Monty Abramov of Rodeo Realty - Beverly Hills (310-724-7100)


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 California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128249366
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1405 N Hobart Boulevard Los Angeles (City), CA 90027

  • Price: $2,850,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 82 min ago
  • ID#: 22150977
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1930
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - 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

Parking Features AssignedControlled EntranceDirect AccessElectric GateGarageGatedPrivateOne SpaceSide By Side Parking Total 9

Interior Features

Appliances Refrigerator Cooling None Cooling YN No Heating Central Heating YN Yes

Property Features

Association Fee 0 Garage YN Yes Gross Income 161760 Insurance Expense 2500 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 144988 New Construction YN No New Taxes Expense 6272 Senior Community YN No Special Listing Conditions Standard Trash Expense 3545 Water Sewer Expense 2655 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Monty Abramov of Rodeo Realty - Beverly Hills (310-724-7100)