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Property profile

512 S Hobart Blvd Los Angeles, CA 90020

FOR SALE
High-rise multifamily apartments
Property ID
US09-6532562
40,148 SF 0.21 ac lot Built 1929
Last sale Nov 2013
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
512 S Hobart Blvd, Los Angeles, CA 90020 For Sale 1 / 10
$7,500,000 40,148 SF
512 S Hobart Blvd, Los Angeles, CA 90020
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$25k
Tax billed · 2024
Assessed value$1.74M
Assessed land$316k
Assessed improvement$1.42M
Effective rate1.43%

Value estimate

· Nov 2026
$750k
$675k – $825k
AI approach$740k
Submarket $/SF estimate$763k
NOI build-up
Gross scheduled income$90.97M
Vacancy & credit loss−$637k
Operating expenses−$40.65M
NOI · 662.47% cap applied$49.69M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$214/SF
ZIP average, outlier-cleaned · 87 recorded sales of this use type
Observed band · Q1–Q3$156 – $294
Qualifying comparables3

Cap rate analysis

How does the asset earn?
662.47%
$49.69M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LAR4
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store9.3
Tanning Salon7.6
Veterinary Clinic7.2

Location

512 S Hobart Blvd Los Angeles, CA 90020
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3471 5th, Los Angeles, CA 90020-2248 $16,800,168 Mar 2022 55,713 SF
511 Serrano, Los Angeles, CA 90020-3943 $12,600,126 Mar 2022 42,528 SF
516 St Andrews, Los Angeles, CA 90020-4462 $14,100,141 Jan 2022 39,552 SF
535 Gramercy, Los Angeles, CA 90020-4961 $9,950,099 Dec 2019 29,580 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $11,865,000
    39,552 SF
    516 St Andrews Pl
    HIGH-RISE APARTMENTS
    516 St Andrews Pl, Los Angeles, CA 90020-4462
    View Details
  • Value Estimation
    $1,005,000
    39,552 SF
    511 Oxford Ave
    HIGH-RISE APARTMENTS
    511 Oxford Ave, Los Angeles, CA 90020-4246
    View Details
  • Value Estimation
    $1,220,000
    38,651 SF
    314 Alexandria Ave
    HIGH-RISE APARTMENTS
    314 Alexandria Ave, Los Angeles, CA 90020-2689
    View Details
  • Value Estimation
    $11,335,000
    42,528 SF
    511 Serrano Ave
    HIGH-RISE APARTMENTS
    511 Serrano Ave, Los Angeles, CA 90020-3943
    View Details
  • Value Estimation
    $940,000
    36,260 SF
    435 Alexandria Ave
    HIGH-RISE APARTMENTS
    435 Alexandria Ave, Los Angeles, CA 90020-2731
    View Details
  • Value Estimation
    $835,000
    49,476 SF
    510 Kenmore Ave
    HIGH-RISE APARTMENTS
    510 Kenmore Ave, Los Angeles, CA 90020-2540
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
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    Pre-War Apartment Building with Parking
    A 49-unit, seven-story pre-war apartment property with elevator service, controlled access, on-site laundry, and dedicated parking options.
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  • New
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    The multifamily property includes gated subterranean parking and a mix of studio and one-bedroom apartments.
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  • Contact for pricing
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  • New
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  • New
    $2,700,000
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    Two-story multifamily property with one- and two-bedroom units, all-electric appliances, and an on-site laundry facility.
    344 S Hobart Blvd, Los Angeles, CA 90020
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Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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