641 North Hobart Boulevard

Los Angeles, CA 90004

$6,800,000
Price
19
Beds
22
Baths
16,035 Sq. Ft.
$424 / Sq. Ft.
16,035
Sq. Ft.
$424
per Sq. Ft.

Description

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...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.
  1. Listed by Paul Schon • DRE #01847860 • Brokerage DRE #01847860 • ST Realty, Inc

Property Details for 641 North Hobart Boulevard

Zoning
LAR3
Parcel Number
5521004020
Total Units
16.0
Living Area
16035
Source Living Area
Developer
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
7508
LISTING UPDATED: 01/07/2025 09:45 AM

Property Details for 641 North Hobart Boulevard

StatusActive
MLS #25-477669
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.17 AC / 7,508 SF
CountyLos Angeles County

Building Information for 641 North Hobart Boulevard

Stories4Residences-Year Built2023Building Size-Lot Size0.17 AC / 7,508 SF

Property Information for 641 North Hobart Boulevard

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Multi-Family
  • Security Features: Gated
  • Property Condition: New Construction
  • Water Heaters: Yes
  • ADA Compliance: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $460,371
  • Net Operating Income: $310,420.00
  • Gross Income: $449,100
  • Cap Rate: 4.57%
  • Gross Rent Multiplier: $14.35
  • Total Annual Expense: 149950
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1724
  • Lot Size Square Feet: 7508
  • Lot Size Dimensions: 50x150
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Subterranean
  • Total Parking: 19
  • Parking Features: Subterranean
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Freezer, Cable, Built-Ins, Garbage Disposal, Microwave, Refrigerator, Range/Oven, Central Vacuum
  • Interior Features: Ceiling Fan(s)
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-07-2025
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,389.00
  • Unit Actual Rent: $2,389.00
  • Unit Projected Rent: $2,389.00
  • Like Units: 9
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $925.00
  • Unit Actual Rent: $925.00
  • Unit Projected Rent: $925.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $.00
  • Assessed Improvement Percent: 0.0
  • Assessed Land Value: $1,330,601.00
  • Assessed Land Percent: 100
  • Assessed Total Value: $1,330,601.00

Property History for 641 North 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 641 North Hobart Boulevard

Taxable ValueLand$1,357,213Additions-Total$1,357,213
Tax Record2024$16,558 ($1,380 / month)
Home Facts
Beds4Total Finished SqFt2,354 SqFtAbove Grade Finished SqFt2,354 SqFtStories2Lot Size7,505 SqFtStyleSingle Family ResidenceYear Built1926ZoningLAR3CountyLOS ANGELESAPN5521-004-020

Schools near 641 North Hobart Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 7 to 12
Rating
School
Distance
Harvard Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Apex Academy
Charter7 to 12

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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641 North Hobart Boulevard is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on January 7, 2025 by ST Realty, Inc, it's currently listed at $6,800,000. It has been on the market for a total of 2 days and was last sold on December 6, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Harvard Elementary School, Virgil Middle School and Fairfax Senior High School. 641 North Hobart Boulevard is a 19-bed, 22-bath, 16,035 sqft multi-family home built in 2023.

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 ST Realty, Inc, Paul Schon, DRE #01847860

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.