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$1,825,000

Beds
Unknown
sq ft
3,688

825 N Hobart Blvd, Los Angeles, CA 90029

825 N Hobart Blvd

Los Angeles, CA 90029

  • 74 days on market
Welcome to 825 N Hobart, a two-story triplex in the heart of East Hollywood, featuring two 2-bedroom, 1-bathroom ADUs in the back. Nestled in the Melrose Hill neighborhood, this property is an investor's dream, ideal for builders or investors seeking opportunities in a rapidly developing area. The property consists of a total of 5 units: four 2-bedroom units and one 5-bedroom unit, all delivered vacant. This allows the new owner to complete renovations and collect market rents or choose to occupy one of the units. Each unit is individually metered, and all work is fully permitted. The property will be delivered with all city RTI permits, current approvals, and inspections. This is a must-see opportunity!

Details

Property type

Mixed Use

Lot size

6,051 sq ft

Price per sq ft

$495

Year built

1924

Price History

07/08/2024
CRMLS

CRMLS #SB24138864

Listed
$1,825,000
+65.91%
07/30/2021
CLAW

CLAW #21747038

Sold
$1,100,000
+51.72%
12/17/2020
CLAW

CLAW #20644702

Sold
$725,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

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

Spreo Capital Manager Llc

Loan start date

May 2023

Original loan amount

$1,520,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Building or Construction Loan, 2 year

Seller

Ugp Hobart Blvd Lp

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: 09/20/2024 at 1:30 PM

Listing updated: 07/08/2024 at 5:03 PM

Listed by: Edward Kaminsky, eXp Realty of California, Inc Phone #: (310) 798-1277

MLS: CRMLS #SB24138864

CRMLS logo

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