Property summary
This exceptional 27-unit apartment building, completed in 2022, boasts a prime location at 552 N Hobart Blvd, Los Angeles, CA 90004, straddling the vibrant Hollywood and Koreatown neighborhoods. The property encompasses 25,050 square feet on a 0.34-acre lot and features a desirable unit mix: one studio, seven one-bedroom/one-bathroom, fifteen one-bedroom/one-and-a-half-bathroom, two one-bedroom/two-bathroom, and two two-bedroom/one-bathroom units. Each apartment averages 900 square feet and showcases contemporary design with large arched windows, spacious floor plans, in-unit washers/dryers, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, mobile-friendly thermostats, walk-in closets, and central air conditioning and heating. Residents enjoy convenient access to a rooftop sky deck, controlled access, reserved gated parking (two spaces per unit), and an elevator. An online rent and maintenance portal streamlines management. The building is zoned LAR3 and sits within easy reach of iconic landmarks such as the Hollywood Walk of Fame, Paramount Pictures, and Griffith Observatory, offering unparalleled convenience and desirability. This is a rare opportunity to acquire a newly constructed, high-quality multifamily property in a highly sought-after location. The property is offered for sale by owner and is free of any ground lease.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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