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$1,500,000

Beds
4
sq ft
2,142

800 N Hobart Blvd, Los Angeles, CA 90029

800 N Hobart Blvd

Los Angeles, CA 90029

  • 5 days on market
MUTOOF is pleased to present 800 N Hobart Blvd, Los Angeles, CA 90029. Duplex on over 7,280 SF lot in the heart of Melrose Hill. Huge value-add opportunity and huge upside in rents. Upside redevelopment potential TOC (Transit Oriented Communities) Tier 2 location that allows increased residential density (RD1.5-1XL zoning). Newly updated interior. 2.94 kW roof mounted photovoltaic solar system on both the main house and back unit which efficiently reduces electricity bills. Sub-metered. Walk Score of 90 (Walkers Paradise). Excellent location near the major transit stops, highways (US-101 & SR-2) and shopping centers. Just two miles west of Hollywood, and five miles east of Downtown L.A. The subject property consists of total two (2) units totaling 2,142 SF on a sizable 7,281 SF lot. Mix of total one (1) 3beds/2baths unit and one (1) 1bed/1bath unit. The duplex property is being sold "as-is." Both the main house and the back unit will be delivered vacant. DO NOT DISTURB TENANTS. Please submit an offer with POF. Shown upon accepted offer. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.

Details

Property type

Est. home value

$1,267,203

Lot size

7,281 sq ft

Price per sq ft

$701

Year built

1921

HOA

No

Price History

12/21/2024
CLAW

CLAW #24360991

Removed
$1,500,000
12/20/2024
CLAW

CLAW #24360991

Price change
$1,500,000
12/19/2024
CLAW

CLAW #24473795

Listed
$1,500,000
+50%

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

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

Seller could get up to

$1,198,823
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$181,177
Cash to seller
$1,198,823

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Iapprove Lending Inc

Loan start date

February 2013

Original loan amount

$252,000

Est. remaining balance

$181,177

Interest rate

3.35%

Loan type

FHA, 30 year

Seller

Jonathan Arland

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: 12/24/2024 at 11:45 PM

Listing updated: 12/20/2024 at 5:10 AM

Listed by: John Ha, MUTOOF® Phone #: (424) 666-8133

MLS: CLAW #24473795

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