605 N Hobart Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath
605 N Hobart Boulevard
Los Angeles, California 90004
Property Price
SUMMARY
Analysis of 605 N Hobart Boulevard, Los Angeles, California 90004 is currently available with a list price of $1,439,000. 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 the original build year of 1923, the listing explicitly states the front house was 'completely remodeled in 2017' and the two rear units were 'newly built in 2017'. This means all living components, including kitchens, bathrooms, and major systems, are effectively 7 years old. The images confirm modern, virtually new kitchens with stainless steel appliances and granite countertops, updated bathrooms, and consistent, well-maintained flooring throughout. All systems are within their expected lifespan with minimal wear and tear, meeting current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Centrally located in East Hollywood/Koreatown, offering excellent walkability to major attractions like Paramount Studios and Dodger Stadium, with convenient freeway access.
- Extensive Modernization & New Construction
The front house was extensively remodeled in 2017, and the two rear units were newly built in the same year, ensuring modern amenities and reduced immediate capital expenditures.
- Robust Income Generation & Favorable Financials
A triplex with a reported 6% cap rate, separate utility metering for all units (tenants pay all bills), and R3 zoning providing significant long-term investment upside.
CONSRISKS & DEFICIENCIES
- Original Construction Age (Front Unit)
While extensively remodeled, the front house's original frame dates back to 1923, which may raise concerns for some buyers regarding the underlying structure's age.
- Limited Unit Mix
The property offers one 3-bedroom unit and two 1-bedroom units, potentially limiting appeal to tenant demographics seeking 2-bedroom options.
- Urban Density & Noise Potential
Situated in a 'vibrant heart' of East Hollywood/Koreatown, the property may experience higher levels of urban noise and density, which could be a drawback for some residents.
About 605 N Hobart Boulevard
<<Exceptional East Hollywood Triplex – Prime Income Opportunity>> Welcome to an outstanding investment opportunity in the vibrant heart of East Hollywood, Los Angeles! This exceptional triplex offers the ultimate in Hollywood living, blending modern comfort, security, and unbeatable location: centrally located in Koreantown, near Hollywood, within walking distance to Paramount Studios, Dodger Stadium, and with easy access to the 101 Freeway. Whether you’re a 1031 exchange or long-term investor, seeking strong cash flow, or looking for a spacious home with income-producing units. Don’t miss your chance to own this rare East Hollywood gem-perfect for savvy investors and owner-users alike! Contact us today to schedule a private tour and secure your place in one of LA’s most dynamic neighborhoods. **Property Highlights: Front House (605 N Hobart): Experience space in this extra-large, approximately 1,700 SF front house, which was completely remodeled in 2017 (except for the frame). It offers central air & heat, a brand-new kitchen with full appliances (refrigerator, gas stove, dishwasher, washer & dryer), and three (3) bedrooms and three (3) bathrooms. The front yard offers ample parking for up to 4 cars. Currently occupied by a solid tenant, ensuring immediate income. Rear Units (607 & 609 N Hobart): Both rear units were newly built in 2017, each with 1 bedroom, 1 bathroom, central air conditioning, and a full suite of appliances. Each unit enjoys its own separate entrance from the alley operated by the automated gate and has two (2) dedicated parking spaces. The property is secured with automatic front and rear gates and a Ring security camera system for peace of mind. Each unit is equipped with its own electric and water meters; tenants pay all utilities, including electricity, gas, trash, and water. ***Investment Highlights: (1)Completely remodeled and newly built units (2017) (2)All units have separate utilities- tenants cover all bills (3)Automated security gates and a Ring security camera system (4)Fully furnished units with new appliances (5)Ample parking: Up to 8 cars can be accommodated, a rare find in this area. (6)R3 zoning with significant upside for long-term investors or 1031 exchange opportunities (7)The property's cap rate stands at 6%.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1923
- Lot Size
- 7,505 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,935 | 3,158.5 | 50% |
| Lot Size | 7,505 | 7,505 | 50% |
| Price | $1.44M | $1.27M | 50% |
| Price per sq ft | $490 | $404 | 50% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 298 | 215 | 0% |
Pricing History
Listed for Sale
May 12, 2025
$1,439,000
Initial Listing
Sold
Feb 13, 2015
$759,000
Public Record
Sold
May 18, 2012
$455,000
Public Record