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

509 N Hobart Boulevard
Los Angeles, California 90004
Property Price
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
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
| 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 | 58% |
| Lot Size | 6,142 | 17,406 | 26% |
| Price | $620.0K | $670.0K | 32% |
| Price per sq ft | $508 | $547 | 26% |
| Built year | 1927 | 1990 | 16% |
| HOA | $275.0 | $494 | 21% |
| Days on market | 296 | 224 | 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












