1610 N Hobart Boulevard, Los Angeles, California 90027, Los Angeles, 90027 - bed, bath
ACTIVE$2,650,000
1610 N Hobart Boulevard, Los Angeles, California 90027
0Bed
0Bath
3,639Sqft
9,051Lot
Year Built
1914
Close
-
List price
$2.65M
Original List price
$2.75M
Price/Sqft
$728
HOA
-
Days on market
-
Sold On
-
MLS number
GD24198849
Home ConditionFair
Features
Good View:
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About this home
We found 3 Cons,5 Pros. Rank: price - $2.65M(86th), sqft - 3639(86th), beds - undefined(43th), baths - undefined(43th).
R3 Zoning! This exceptional gated triplex is located in the coveted 90027 area of Hollywood/Los Feliz. Each generous unit includes washer/dryer hookups, separate gas and electric meters, and a shared water meter. The front house, currently owner-occupied, is located on a spacious lot. With high housing demand in the neighborhood, this property represents a prime opportunity for investors and developers alike, offering significant growth potential. The zoning and lot size provide the opportunity to build additional units.
Nearby schools
4/10
Grant Elementary School
Public,•K-6•0.5mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•0.7mi
3/10
Joseph Le Conte Middle School
Public,•6-8•0.8mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.4mi
4/10
Helen Bernstein High School
Public,•9-12•0.6mi
8/10
John Marshall Senior High School
Public,•9-12•1.7mi
6/10
Hollywood Senior High School
Public,•9-12•1.9mi
Condition Rating
Fair
The property, built in 1914, is over a century old. While the interior images show evidence of past renovations, particularly in the kitchen and bathroom, these updates appear to be 15-30 years old rather than recent. The kitchen features good quality stainless steel appliances (like a large built-in refrigerator and professional range) but the ornate, light wood cabinetry, granite countertops, and polished tile flooring reflect a traditional style that is now dated. The bathroom also shows an older renovation style with a traditional vanity and basic tiled surround. The overall condition suggests the home has been maintained but requires minor updates to bring it to current aesthetic standards, aligning with the 'Fair' category criteria.
Pros & Cons
Pros
Development Potential: The R3 zoning and spacious 9,051 sqft lot offer a prime opportunity for investors and developers to build additional units, capitalizing on high housing demand in the area.
Prime Location: Located in the coveted 90027 area of Hollywood/Los Feliz, a highly desirable neighborhood known for its strong rental market and appreciation potential.
Income-Generating Triplex: An existing triplex provides immediate rental income, making it an attractive asset for investors seeking cash flow.
Separate Utility Meters: Each unit features separate gas and electric meters, simplifying tenant billing and reducing landlord management responsibilities for these utilities.
Tenant Amenities: All units include convenient washer/dryer hookups, a desirable feature that enhances tenant appeal and retention.
Cons
Property Age: Built in 1914, the property is over a century old, which may imply the need for significant capital expenditures on systems, infrastructure, and general modernization.
Shared Water Meter: Despite separate gas and electric, the shared water meter could lead to potential disputes among tenants or require the landlord to cover water costs, impacting profitability.
Recent Price Reduction: The property has seen a price reduction from $2.75M to $2.65M, which might indicate initial overpricing or challenges in attracting buyers at the higher price point.