800 N Hobart Boulevard, Los Angeles CA, 90029
(Active)
$1,650,000
|
2,142 sqft
|
MLS# 24360993
Last Updated: 5/8/2024 9:06 AM
Description for
800 N Hobart Boulevard
Los Angeles, CA 90029
MUTOOF is 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.
Price
$1,650,000
Los Angeles
2,142 (approx)
24360993
Active
Description
MUTOOF is 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.
Listing Information
| Property Type: Business Opportunities, Other | ||
| 0.17 Acres | 2,142 (approx) | 1921 |
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
LARD1.5
Driving Directions
Turn north on Melrose Ave to N Hobart Blvd.
Financial Considerations
| 5535031013 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90029 has a population of 3,956,168.
The median household income in Los Angeles, California 90029 is $47,141. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90029 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/23/2024 | Active | $1,650,000 USD -13.16% |
|
| 3/22/2024 | Active | $1,900,000 USD 22.58% |
|
| 3/9/2024 | Active | $1,550,000 USD -3.13% |
|
| 3/3/2024 | Active | $1,600,000 USD -3.03% |
|
| 2/27/2024 | Active | $1,650,000 USD -2.94% |
|
| 2/26/2024 | Active | $1,700,000 USD -10.53% |
|
| 2/22/2024 | Active | $1,900,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $8,004 USD | 4.76% | $621,386 USD | 2.00% |
| 2022 | $7,640 USD | 1.39% | $609,203 USD | 2.00% |
| 2021 | $7,535 USD | -0.93% | $597,259 USD | - |
| 2020 | $7,606 USD | 4.01% | $597,259 USD | 1.04% |
| 2019 | $7,313 USD | -13.24% | $591,136 USD | 2.00% |