511 1/2 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 Home is listed at $675,000, offering exceptional stability as it is priced exactly at its $675,000 Fair Market Value. Boasting an Excellent Condition Rating, the residence features a comprehensive restoration including Original Hardwood Floors, a modern Mini-Split HVAC system, and In-Unit Laundry. Located in the culturally vibrant Melrose Hill district near major studios, this property blends 1920s architectural integrity with contemporary functional living. It is a sophisticated, move-in ready opportunity perfectly suited for Urban Professionals or First-Time Buyers seeking character and connectivity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 1/2 N Hobart Boulevard Subject | $674,000* List Price | 2 | 2 | 1,330 | $507 | - |
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 509 N Hobart Boulevard Active Under Contract | $620,000 List Price | 2 | 2 | 1,220 | $508 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
A monthly association fee of $275 adds to the cost of ownership, which is an ongoing expense to consider.
The property does not offer any notable views, which might be a consideration for buyers prioritizing scenic outlooks in a Los Angeles property.
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.
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 | 1,330 | 1,200 | 73% |
| Lot Size | 6,142 | 17,955 | 20% |
| Price | $674.0K | $674.0K | 50% |
| Price per sq ft | $507 | $554 | 27% |
| Built year | 1927 | 1990 | 13% |
| HOA | $275.0 | $494 | 20% |
| Days on market | 132 | 196 | 20% |
Apr 19, 2026
$674,000
$619,000
+9% Price Increase
Initial Listing
Apr 15, 2026
$619,000
$675,000
-8% Price Drop
Initial Listing
Dec 11, 2025
$675,000
Initial Listing