509 N Hobart Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 2 bed, 2 bath

509 N Hobart Boulevard, Los Angeles, California 90004 home-pic-0

509 N Hobart Boulevard

Los Angeles, California 90004

ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,220Sq Ft
6,142Lot Size

Property Price

LIST PRICE$620,000

SUMMARY

Analysis of 509 N Hobart Boulevard, Los Angeles, California 90004 is currently available with a list price of $620,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1927, this property has undergone an extensive and thoughtful restoration and renovation within the last 5 years. It features modern essential upgrades including mini-split HVAC systems, upgraded electrical, LED recessed lighting, and dual-pane windows. The interior maintains historic charm with original hardwood floors while providing completely updated kitchen and bathroom facilities, resulting in a move-in ready home with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Historic Charm & Modern Upgrades

    This 1927 Colonial Revival bungalow seamlessly blends original architectural details like hardwood floors and built-ins with modern essentials including mini-split HVAC and upgraded electrical.

  • Prime Melrose Hill Location

    Situated in a vibrant creative hub near Paramount and Raleigh Studios, the property offers excellent connectivity to Metro lines and local cultural amenities.

  • Turnkey Renovations

    The home is fully restored and move-in ready, featuring a private patio, in-unit laundry, and updated dual-pane windows for enhanced comfort and convenience.

CONSRISKS & DEFICIENCIES

  • Recently Sold Property

    The property was recently sold within the past year on 2025-09-22. The sold price is $690,000.00.

  • TIC Ownership Structure

    As a Tenancy-in-Common (TIC) opportunity, financing may be more restrictive and require specialized lenders compared to traditional fee-simple or condominium properties.

  • Limited Parking

    With only a one-car covered garage provided, parking may be a challenge for multi-vehicle households in this high-density Los Angeles neighborhood.

About 509 N Hobart Boulevard

Welcome to 509 Hobart Avenue, a thoughtfully restored Colonial Revival bungalow offering a rare Tenancy-in-Common (TIC) opportunity in one of Los Angeles' most culturally vibrant neighborhoods Melrose Hill. These two beautifully reimagined homes one on the ground level, the other top level deliver a harmonious blend of historic charm and modern ease. Each residence features 2 bedrooms and 2 bathrooms across approximately 1,200 to 1,300 square feet, designed with both character and comfort in mind. Original hardwood floors, decorative fireplaces, and classic built-ins speak to the home's early 20th-century roots, while dual-pane windows, LED recessed lighting, upgraded electrical, and mini split HVAC bring it into the now. Enjoy the convenience of in-unit laundry, a private patio space perfect for unwinding or entertaining, and a covered one-car garage. These homes have been fully renovated and restored with care, preserving the integrity of their architectural heritage while offering fresh, functional living spaces. Set within the emerging Melrose Hill district a creative hub known for its gallery and restaurant 509 Hobart offers access to a rich local culture. Close to Metro lines and major studios including Paramount and Raleigh, this location pairs serene residential living with unbeatable connectivity. A distinctive home. A dynamic neighborhood. An uncommon chance to own.

Property Details

Public Facts

Property Type
Condominium
Year Built
1927
Lot Size
6,142 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$275.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,2201,200
58%
Lot Size6,14217,406
26%
Price$620.0K$670.0K
32%
Price per sq ft$508$547
26%
Built year19271990
16%
HOA$275.0$494
21%
Days on market296224
95%

Pricing History

Listed for Sale

Jan 9, 2026

$620,000

$625,000

-1% Price Drop

Initial Listing

Price Change

Oct 29, 2025

$625,000

$690,000

-9% Price Drop

Initial Listing

Sold

Sep 22, 2025

$690,000

Public Record

Price Change

Sep 9, 2025

$690,000

$725,000

-5% Price Drop

Initial Listing

Price Change

May 14, 2025

$725,000

Initial Listing

Sold

Jun 30, 2023

$1,389,000

Public Record

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