800 Hobart Blvd Los Angeles, CA 90029
- Commercial real estate
- 7,281 SF
Current Use by Public Records
- Commercial real estate
Property Details for 800 Hobart Blvd
- Property size
- 7,281 SF
- Property type
- Commercial real estate
- APN
- 5535-031-013
Description
This exceptional investment opportunity presents a two-unit duplex situated on a sizable 7,281 square foot lot in the desirable Melrose Hill neighborhood of Los Angeles, CA. The property, zoned RD1.5-1XL, offers significant redevelopment potential, particularly given its Transit Oriented Communities (TOC) Tier 2 designation allowing for increased residential density. Currently featuring a three-bedroom, two-bathroom unit and a one-bedroom, one-bathroom unit, the property boasts a total of 2,142 square feet of living space. The asking price is $1,100,000, translating to $550,000 per unit. A newly updated interior enhances the appeal, complemented by a 2.94 kW roof-mounted photovoltaic solar system on both units, resulting in reduced electricity bills. Sub-metering is in place. The property enjoys a Walk Score of 90, reflecting its convenient location near major transit stops, highways (US-101 & SR-2), and shopping centers. Its proximity to Hollywood (two miles west) and Downtown Los Angeles (five miles east) further enhances its desirability. The main house will be delivered vacant
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.30520570994
- Latitude
- 34.084645005167
