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$ 1,850,000
Est. payment /mo
Pending
825 N Hobart Boulevard Los Angeles, CA 90029
4,312 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,312 sqft
Price per Sqft $429
MLS Listing ID CL25524217
HOA Y/N No
Year Built 1924
Lot Size 6,051 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
Welcome to 825 N Hobart Blvd, a prime East Hollywood investment opportunity. Nestled in the vibrant and rapidly evolving Melrose Hill enclave of East Hollywood, 825 N Hobart Blvd presents a rare opportunity to own a fully-permitted, income-generating asset in one of LA's most dynamic neighborhoods. This two-story triplex is complemented by two newly constructed 2-bedroom, 1-bathroom ADUs, offering a total of five distinct units: four 2-bed, 1-bath units, and one expansive 5-bed, 3-bath unit. Each unit is individually metered, providing ease of management and optimal utility efficiency for both tenants and ownership. Whether you're an investor seeking strong cash flow. With all work fully permitted, and a projected Cap Rate of 6.69% and GRM of 10.93, this asset checks all the boxes for value, performance, and long-term growth potential. Located next to some of LAs newest top restaurants, art galleries and production studios. This is a Must See!
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Heating Wall Furnace
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5535026010
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Listed by Edward Faktorovich • Figure 8 Realty