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    1641 N Hobart Boulevard

    Los Angeles (City), CA 90027
    • $3,595,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: 21768486
    UPDATED: 85 min ago
    $3,595,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Significant Value-Add Opportunity - Current rents at the property are well below market. There is approximately 50% upside in the current rents. | Delivered with Three Vacancies - The property will be delivered with three (3) vacant units (two (2) 1-bedroom units and one (1) studio unit)). The units are rent-ready, however a new investor may wish to renovate the units further to achieve a higher rent. | Great Location Next to Many of LAs Best Neighborhoods - The subject property is located near the corner of Hollywood Blvd and Hobart Blvd. Just south of the Hollywood Hills with a number of new development in the surrounding area. Adjacent to the trending neighborhood of Los Feliz. | Opportunity for Additional Income - There are 7 parking spaces on-site and no soft-story retrofit is required. Current ownership does not charge for parking. New ownership may choose to change that and add parking income. | On-Site Laundry - Laundry is located on-site for tenant use. Current washers and dryers are grossing an average of $50 a month. | Attractive Financing Available - Attractive purchase financing is available. Please inquire with the listing agent for more details.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T11:27:38.453. 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 Kohler Group | Zutila. Licensed in the State of California, USA.
    www.buysocal.homes/homes/120033658
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    1641 N Hobart Boulevard Los Angeles (City), CA 90027

    • Price: $3,595,000
    • Status: Active
    • Updated: 85 min ago
    • ID#: 21768486
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    1949
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Significant Value-Add Opportunity - Current rents at the property are well below market. There is approximately 50% upside in the current rents. | Delivered with Three Vacancies - The property will be delivered with three (3) vacant units (two (2) 1-bedroom units and one (1) studio unit)). The units are rent-ready, however a new investor may wish to renovate the units further to achieve a higher rent. | Great Location Next to Many of LAs Best Neighborhoods - The subject property is located near the corner of Hollywood Blvd and Hobart Blvd. Just south of the Hollywood Hills with a number of new development in the surrounding area. Adjacent to the trending neighborhood of Los Feliz. | Opportunity for Additional Income - There are 7 parking spaces on-site and no soft-story retrofit is required. Current ownership does not charge for parking. New ownership may choose to change that and add parking income. | On-Site Laundry - Laundry is located on-site for tenant use. Current washers and dryers are grossing an average of $50 a month. | Attractive Financing Available - Attractive purchase financing is available. Please inquire with the listing agent for more details.
    Exterior Features

    Parking Features Assigned

    Interior Features

    Appliances DryerWasher

    Property Features

    Gross Income 227244 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 111180 Senior Community YN No Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Thomas Jonsson of James Capital Advisors, Inc. and William James of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T11:27:38.453. 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 Kohler Group | Zutila. Licensed in the State of California, USA.
     
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