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

511 N Hobart Boulevard, Los Angeles, California 90004 home-pic-0
ACTIVE$625,000
511 N Hobart Boulevard, Los Angeles, California 90004
2Beds
1Bath
1,220Sqft
6,142Lot
Year Built
1927
Close
-
List price
$625K
Original List price
$725K
Price/Sqft
$512
HOA
$275
Days on market
-
Sold On
-
MLS number
25537175
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $625.0K(18th), sqft - 1220(53th), beds - 2(50th), baths - 1(6th).

Welcome to 511 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 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.

Price History

Date
Event
Price
10/29/25
Price Change
$625,000-9.4%
09/21/25
Price Change
$690,000-4.8%
05/14/25
Listing
$725,000
Condition Rating
Excellent

Despite being built in 1927, this property has undergone a comprehensive and recent 'full renovation and restoration,' as explicitly stated in the listing. The images confirm this, showcasing a virtually new interior with modern amenities. The bathroom, a key focus, features brand new, stylish gray subway tiles, a contemporary vanity with a white countertop and gold-tone fixtures, and a sleek glass shower enclosure, all indicative of a high-quality, recent update. Throughout the home, we see refinished original hardwood floors, recessed LED lighting, and modern mini-split HVAC units, along with upgraded electrical and dual-pane windows. While no direct kitchen images are provided, the extensive renovation described and observed in other areas strongly suggests a similarly updated, high-quality kitchen. The property meets the 'extensively renovated within 5 years' and 'all components are new or virtually new' criteria for an excellent rating.
Pros & Cons

Pros

Historic Charm & Modern Upgrades: Thoughtfully restored Colonial Revival bungalow preserving original hardwood floors, decorative fireplaces, and built-ins, while integrating modern amenities like dual-pane windows, LED lighting, upgraded electrical, and mini-split HVAC.
Vibrant & Connected Location: Situated in the culturally vibrant and emerging Melrose Hill district, known for its galleries and restaurants, offering a dynamic lifestyle and excellent connectivity to Metro lines and major studios.
Turnkey Condition: The property has been fully renovated and restored with care, suggesting a move-in ready condition that requires minimal immediate investment for repairs or upgrades.
Private Outdoor Space: Includes a private patio space, perfect for unwinding or entertaining, adding valuable outdoor living area.
Dedicated Parking: The convenience of a covered one-car garage is a significant advantage in Los Angeles, providing secure and dedicated parking.

Cons

Tenancy-in-Common (TIC) Structure: The property is offered as a Tenancy-in-Common (TIC) opportunity, which can present challenges with financing options, potentially requiring specialized lenders and more complex ownership agreements compared to traditional condominiums.
Bathroom Count Discrepancy: The description states 'Each residence features 2 bedrooms and 2 bathrooms,' but the structured data for this specific unit lists only 1 bathroom, which could lead to buyer confusion or disappointment.
Price Reduction History: Multiple price reductions from the original list price of $725,000 to the current $625,000 suggest market resistance or an initial overestimation of value, potentially raising questions for prospective buyers.

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