Melrose Hill Duplex on Large
For Sale
Contact for pricing
800 N Hobart Blvd, Los Angeles, CA 90029
Duplex in Melrose Hill with value-add and redevelopment potential.
Property Size7,281 SF
Lot Size0.17 Acres
Price / SF$137.34
Days on Market927
Property Features for 800 N Hobart Blvd
General Information
Standard status
Active
Size
7,281 SF
Class
C
Lot size
0.17 Acres
Property subtype
Multifamily
Zoning
RD1.5-1XL
Investment Type
Value Add
Building Details
Buildings
2
Stories
1
Units
2
Listing Agency:
MORE
Listed By:
John Ha · License #DRE 02158256
(310) 724-7100
Source:
Crexi
Added: Feb 22, 2024
Changed: Aug 31
Last Checked: Sep 2 at 5:09PM
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 MORE
Investment Insights
Based on property information with market context.
Located in the heart of Melrose Hill, this duplex at 800 N Hobart Blvd, Los Angeles, CA 90029, presents a value-add opportunity. Situated on a ±7,281 SF lot, the property offers upside in rents and redevelopment potential due to its TOC (Transit Oriented Communities) Tier 2 location, which allows increased residential density (RD1.5-1XL zoning). The property features a newly updated interior and a 2.94 kW roof-mounted photovoltaic solar system on both the main house and back unit, designed to reduce electricity bills. The units are sub-metered. The property has a Walk Score of 90, indicating it is a Walker's Paradise. Its location offers proximity to major transit stops, highways (US-101 & SR-2), and shopping centers. It is located two miles west of Hollywood and five miles east of Downtown L.A. The property consists of two units totaling ±2,142 SF, with a mix of one 3beds/2baths unit and one 1bed/1bath unit. The duplex is being sold "as-is."
Key Highlights
- High Walk Score (90) and excellent location near transit, highways, and shopping.
- Significant value‑add opportunity with potential for increased rents.
- TOC Tier 2 location allows for increased residential density (RD1.5‑1XL zoning).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,808
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Melrose Hill with value-add and redevelopment potential.
Where is this duplex located?
The property is located at 800 N Hobart Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: High Walk Score (90) and excellent location near transit, highways, and shopping.; Significant value‑add opportunity with potential for increased rents.; TOC Tier 2 location allows for increased residential density (RD1.5‑1XL zoning).
