2060 South Hobart Boulevard

Los Angeles, CA 90018

$5,150,000
Price
24
Beds
20
Baths
15,461 Sq. Ft.
$333 / Sq. Ft.
15,461
Sq. Ft.
$333
per Sq. Ft.

Description

The subject property is a three story apartment building built in 1963 and consists of (1) Studio, (11) one bedrooms, and (8) two bedroom units in a 15,461 square foot building. currently 100% occupied, the property sits on a large 11,994 square foot lot zoned RD2. There are a total of 20 parking spaces including 14 individual parking spaces and 6 tandem spaces. The property is separately metered for both gas and electricity. A communal laundry is located on the ground floor. The property has undergone...The subject property is a three story apartment building built in 1963 and consists of (1) Studio, (11) one bedrooms, and (8) two bedroom units in a 15,461 square foot building. currently 100% occupied, the property sits on a large 11,994 square foot lot zoned RD2. There are a total of 20 parking spaces including 14 individual parking spaces and 6 tandem spaces. The property is separately metered for both gas and electricity. A communal laundry is located on the ground floor. The property has undergone exterior and common area renovations which include an updated lobby, new paint, Amazon locker, updated security door, and updated interior and exterior lights. 4 of 20 units have been renovated. The street is very quiet surrounded by homes with very little traffic.
  1. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 2060 South Hobart Boulevard

Water Front
None
Zoning
LAR4
Style
Mid-Century
Cross Streets
Hobart Blvd & Washington Blvd
Parcel Number
5074032007
Total Units
20.0
Living Area
15461
Source Living Area
Vendor Enhanced
LISTING UPDATED: 09/10/2024 12:01 AM

Property Details for 2060 South Hobart Boulevard

StatusActive
MLS #24-433413
Days on Market152
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.28 AC / 11,997 SF
CountyLos Angeles County

Building Information for 2060 South Hobart Boulevard

Stories3Residences-Year Built1963Building Size-Lot Size0.28 AC / 11,997 SF

Property Information for 2060 South Hobart Boulevard

Community / Development
Community / Development
  • Number Of Units: 20
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: apt
  • View: Yes
  • View Description: City
  • View: City Lights
  • Entry Floor Number: 1
  • Security Features: Smoke Detector, Resident Manager, Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights
  • Direction Faces: West
  • Property Condition: Updated/Remodeled
  • Water: Private
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $356,563
  • Net Operating Income: $216,433.00
  • Gross Income: $349,776
  • Cap Rate: 4.20%
  • Gross Rent Multiplier: $14.03
  • Actual Annual Gross Rent: $349,776.00
  • Actual Gross Annual Income: $367,056
  • Actual Rent Total: $349,776.00
  • Financial Info as Of: 08/29/2024
  • Vacancy Allow Dollar: $10,493.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 140130
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.2754
  • Lot Size Square Feet: 11997
  • Lot Description: Single Lot
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Carport, Tandem, Assigned, Uncovered, Covered Parking
  • Total Parking: 20
  • Covered Parking: 10
  • Open Other Spaces Total: 10
  • Garage Spaces Total: 0
  • Carport Spaces Total: 10
  • Parking Features: Carport, Tandem Garage, Assigned, Uncovered, Covered
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Intercom, Dishwasher, Dryer, Washer, Garbage Disposal, Refrigerator
  • Common Walls: Attached
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Entry Location: Ground Level - no steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-03-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,363.00
  • Unit Actual Rent: $14,991.00
  • Unit Projected Rent: $26,400.00
  • Like Units: 11
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,576.00
  • Unit Actual Rent: $12,607.00
  • Unit Projected Rent: $20,800.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,428,000.00
  • Assessed Improvement Percent: 34.15
  • Assessed Land Value: $2,754,000.00
  • Assessed Land Percent: 65.85
  • Assessed Total Value: $4,182,000.00

Property History for 2060 South Hobart Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2060 South Hobart Boulevard

Taxable ValueLand$2,809,080Additions$1,456,560Total$4,265,640
Tax Record2024$53,360 ($4,447 / month)
Home Facts
Total Finished SqFt15,461 SqFtAbove Grade Finished SqFt15,461 SqFtLot Size11,994 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR4CountyLOS ANGELESAPN5074-032-007

Schools near 2060 South Hobart Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Crown Preparatory Academy
Charter5 to 8

Pio Pico Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2060 South Hobart Boulevard is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on September 2, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $5,150,000. It has been on the market for a total of 152 days and was last sold on August 30, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Twenty-Fourth Street Elementary School, Carson-Gore Academy Of Enviornmental Studies and Crown Preparatory Academy. 2060 South Hobart Boulevard is a 24-bed, 20-bath, 15,461 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.