509 N Hobart Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 2 bed, 2 bath
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Los Angeles, California 90004
This Restored Colonial Revival TIC Bungalow offers exceptional price stability, listed at $620,000—matching its $620,000 Fair Market Value. Featuring an Excellent Condition Rating, the home features a chef-inspired kitchen, original hardwood floors, and upgraded mini-split HVAC. Situated in the emerging Melrose Hill district near Paramount Studios within the Los Angeles Unified School District, the home offers 1920s charm and modern ease with a private patio and covered garage. It is an ideal match for Urban Professionals or first-time buyers seeking a turnkey architectural retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 509 N Hobart Boulevard Subject | $620,000* List Price | 2 | 2 | 1,220 | $508 | - |
A 511 N Hobart Boulevard Sold | $620,000 | 2 | 1 | 1,220 | $508 | 0.0 mi |
B 5132 Maplewood Avenue 106 Sold | $755,000 | 3 | 2 | 1,380 | $547 | 0.5 mi |
C 214 S Alexandria Avenue 103 Sold | $627,500 | 2 | 2 | 1,310 | $479 | 0.8 mi |
D 511 1/2 N Hobart Boulevard Active | $619,000 List Price | 2 | 2 | 1,330 | $465 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1927, this property has undergone a comprehensive recent renovation that brings all components to a virtually new state. The interior features a modern kitchen with new shaker cabinetry, quartz countertops, and stainless steel appliances. Significant system upgrades include new mini-split HVAC units, upgraded electrical, recessed LED lighting, and dual-pane windows, meeting the highest quality standards with no deferred maintenance.
This 1927 Colonial Revival bungalow seamlessly blends vintage character, such as original hardwood floors and decorative fireplaces, with modern essentials including mini-split HVAC, upgraded electrical, and dual-pane windows.
Situated in a vibrant creative hub near Paramount Studios and top-tier galleries, the property offers exceptional cultural connectivity and walkability in one of Los Angeles' most sought-after emerging neighborhoods.
The residence provides a high level of functionality rarely found in historic bungalows, featuring in-unit laundry, a private patio space for entertaining, and a dedicated one-car garage.
The property was recently sold within the past year on 2025-09-22. The sold price is $690,000.00.
As a Tenancy-in-Common (TIC) property, it requires specialized fractional financing and may have a more limited pool of lenders and buyers compared to traditional condo or single-family home ownership.
With over 330 days on the market and multiple price reductions from the original $725,000 asking price, the property has experienced significant listing fatigue which can impact perceived value.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,220 | 1,200 | 60% |
| Lot Size | 6,142 | 17,955 | 20% |
| Price | $620.0K | $670.0K | 33% |
| Price per sq ft | $508 | $554 | 33% |
| Built year | 1927 | 1990 | 13% |
| HOA | $275.0 | $494 | 20% |
| Days on market | 343 | 219 | 93% |
Jan 9, 2026
$620,000
$625,000
-1% Price Drop
Initial Listing
Oct 29, 2025
$625,000
$690,000
-9% Price Drop
Initial Listing
Sep 22, 2025
$690,000
Public Record
Sep 9, 2025
$690,000
$725,000
-5% Price Drop
Initial Listing
May 14, 2025
$725,000
Initial Listing
Jun 30, 2023
$1,389,000
Public Record