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$6,800,000

Beds
19
sq ft
16,035

641 N Hobart Blvd, Los Angeles, CA 90004

641 N Hobart Blvd

Los Angeles, CA 90004

  • 1 day on market
JLL, as exclusive advisor, is pleased to present for sale 641 N Hobart Blvd (the "Property" or "641 Hobart"); a centrally located multifamily investment opportunity situated in the renowned Melrose Hill neighborhood of Los Angeles. 641 Hobart is a 16-unit, 4-story property comprised of bachelor, studio, 1- and 2-bedroom apartments. Perfectly positioned at the crossroads of Melrose Hill, Hollywood, and Koreatown this exceptional Property offers an unparalleled blend of convenience and accessibility to a vast array of amenities. Boasting proximity to major employment centers throughout Los Angeles, this prime location ensures seamless connectivity to the city's vibrant hubs. Notably, the area surrounding 641 Hobart is home to some of the most coveted submarkets in Los Angeles, with an unrivaled collection of high performing shopping centers, renowned dining establishments, and cultural landmarks. From the world-class culinary delights of Noshi Sushi, Osteria La Buca, and Caf Gratitude, to the iconic presence of the Dolby Theatre and the internationally acclaimed Hollywood Bowl, this vibrant destination captivates both permanent residents and visitors alike, promising an unforgettable experience of all that the area has to offer.

Details

Property type

Est. home value

$1,874,334

Property condition

New Construction

Lot size

7,508 sq ft

Price per sq ft

$425

Year built

2023

HOA

No

Price History

01/07/2025
CLAW

CLAW #25477669

Listed
$6,800,000
-9.93%
08/27/2024
CLAW

CLAW #22203279

Removed
$7,550,000
02/05/2024
CLAW

CLAW #22203279

Price change
$7,550,000
-2.58%

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pacific Premier Bank

Loan start date

March 2023

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

Stand Alone Second

Seller

Stg 641 Hobart Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/08/2025 at 8:55 AM

Listing updated: 01/07/2025 at 10:05 AM

Listed by: Paul Schon, ST Realty, Inc Phone #: (424) 245-8438

MLS: CLAW #25477669

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