511 1/2 N Hobart Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 2 bed, 2 bath

511 1/2 N Hobart Boulevard
Los Angeles, California 90004
Property Price
SUMMARY
Analysis of 511 1/2 N Hobart Boulevard, Los Angeles, California 90004 is currently available with a list price of $675,000. 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.
Despite being built in 1927, this property has undergone a comprehensive and recent 'full renovation and restoration,' as explicitly stated in the listing. The description highlights modern upgrades including dual-pane windows, LED recessed lighting, upgraded electrical, and mini-split HVAC systems. The images confirm a contemporary aesthetic throughout, featuring new hardwood flooring, recessed lighting, and a completely updated bathroom with modern gray subway tiles, a new vanity, and stylish gold-toned fixtures. The property presents as virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated home.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Charm & Thoughtful Restoration
The property is a thoughtfully restored Colonial Revival bungalow, preserving its early 20th-century architectural heritage with original hardwood floors, decorative fireplaces, and classic built-ins, offering a unique blend of history and modern living.
- Modern Upgrades & Comfort
Recent renovations include dual-pane windows, LED recessed lighting, upgraded electrical, and mini-split HVAC systems, ensuring energy efficiency, modern comfort, and a move-in ready condition.
- Prime & Vibrant Neighborhood
Located in the emerging Melrose Hill district, a culturally vibrant creative hub known for its galleries and restaurants, offering a dynamic lifestyle and strong community appeal.
CONSRISKS & DEFICIENCIES
- Tenancy-in-Common (TIC) Ownership
The property is offered as a Tenancy-in-Common (TIC) opportunity, which can present challenges with financing options, shared decision-making, and potential resale complexities compared to traditional condominium or single-family ownership.
- Ongoing Association Fees
A monthly association fee of $275 adds to the cost of ownership, which is an ongoing expense to consider.
- Lack of Desirable Views
The property does not offer any notable views, which might be a consideration for buyers prioritizing scenic outlooks in a Los Angeles property.
About 511 1/2 N Hobart Boulevard
Welcome to 511 1/2 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. 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 511 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 | 1,330 | 1,200 | 74% |
| Lot Size | 6,142 | 17,406 | 26% |
| Price | $675.0K | $675.0K | 50% |
| Price per sq ft | $508 | $547 | 21% |
| Built year | 1927 | 1990 | 16% |
| HOA | $275.0 | $494 | 21% |
| Days on market | 85 | 204 | 5% |
Pricing History
Listed for Sale
Dec 11, 2025
$675,000
Initial Listing














