17-Unit Apartment
For Sale
$3,775,000
1639 S Hobart, Los Angeles, CA 90006
A two-story rental property with gated parking and five renovated units featuring permitted improvements.
Property Size9,311 SF
Lot Size0.23 Acres
Price / SF$405.43
Days on Market41
Property Features for 1639 S Hobart
General Information
Standard status
Active
Size
9,311 SF
Lot size
0.23 Acres
Property subtype
Multi Family
Site & Location
Neighborhood
Harvard Heights
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Multifamily Units
17
Individually Metered Utilities
gas, electricity
Additional Details
Cap Rate
6.14%
Taxes and HOA fees
Annual Taxes
$42,260
Amenities
gated parking
Building Details
Building Size
9,311 SF
Year Built
1963
Buildings
1
Stories
2
Listing Agency:
TRT CAPITAL
(909) 732-8800
Listed By:
Alam Khandakar · License #01488037
Source:
35oakspropertygroup
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 3:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRT CAPITAL
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 17 units, including 3 attached ADUs, within a 9,311-square-foot building on an approximately 10,018-square-foot lot. Built in 1963, it includes five remodeled units with permitted work covering kitchens, bathrooms, flooring, lighting, cabinetry, and other interior and exterior improvements. Gas and electricity are individually metered, and parking is gated. The property is in an area described as commercially zoned for multifamily and retail.
The building fronts Venice Boulevard in central Los Angeles, with access to Koreatown, Downtown Los Angeles, Culver City, employment centers, public transportation, and regional freeways. The stated cap rate is approximately 6.14%, with a pro forma rate of 10.48%.
The building fronts Venice Boulevard in central Los Angeles, with access to Koreatown, Downtown Los Angeles, Culver City, employment centers, public transportation, and regional freeways. The stated cap rate is approximately 6.14%, with a pro forma rate of 10.48%.
Key Highlights
- 17 units, including 3 attached ADUs
- 9,311‑square‑foot building on an approximately 10,018‑square‑foot lot
- Five remodeled units with permitted improvements
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
17
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
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Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A two-story rental property with gated parking and five renovated units featuring permitted improvements.
Where is this apartment building located?
The property is located at 1639 S Hobart Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,775,000.
What are key features of this property?
This property features: 17 units, including 3 attached ADUs; 9,311‑square‑foot building on an approximately 10,018‑square‑foot lot; Five remodeled units with permitted improvements
