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605 N Hobart Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath

605 N Hobart Boulevard, Los Angeles, California 90004 home-pic-0
ACTIVE$1,439,000
605 N Hobart Boulevard, Los Angeles, California 90004
0Bed
0Bath
2,935Sqft
7,505Lot
Year Built
1923
Close
-
List price
$1.44M
Original List price
$1.44M
Price/Sqft
$490
HOA
-
Days on market
-
Sold On
-
MLS number
PW25099626
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.44M(50th), sqft - 2935(50th), beds - undefined(50th), baths - undefined(50th).

<<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%.

Price History

Date
Event
Price
05/12/25
Listing
$1,439,000
02/13/15
Sold
$759,000
05/18/12
Sold
$455,000
Condition Rating
Excellent
This triplex was extensively renovated and newly built in 2017, making all major components and finishes virtually new. The kitchens feature modern shaker cabinets, granite countertops, and stainless steel appliances. Bathrooms are updated with contemporary vanities and fixtures. Hardwood flooring is consistent throughout, and central air/heat is installed. The property meets current quality standards with no visible deferred maintenance, presenting as move-in ready with high-end, modern features.
Pros & Cons

Pros

Prime Income Opportunity: This triplex offers strong cash flow potential, ideal for investors seeking income-producing units or a 1031 exchange, further supported by an attractive 6% cap rate and R3 zoning for future upside.
Extensive Modernization: All units have undergone significant upgrades in 2017; the front house was completely remodeled (except frame), and the two rear units were newly built, featuring modern amenities and new appliances.
Excellent Central Location: Situated in the vibrant heart of East Hollywood, centrally located in Koreatown, near Hollywood, with walking distance to Paramount Studios and Dodger Stadium, and easy access to the 101 Freeway.
Low Owner Operating Costs: Each unit has separate electric and water meters, with tenants responsible for all utilities (electricity, gas, trash, and water), significantly reducing the owner's ongoing expenses.
Enhanced Security & Ample Parking: The property features automatic front and rear security gates and a Ring camera system for peace of mind, complemented by ample parking for up to 8 cars, a rare and valuable asset in this area.

Cons

Age of Original Structure: The front house, originally built in 1923, had its frame excluded from the 2017 remodel, which could imply potential for older structural elements or systems that may require future attention.
Tenant Management & Lease Transparency: As an income-producing triplex, it requires active tenant management. The description lacks specific details on current lease terms and rental income for all units, which is critical for a full investment analysis.
Limited Private Outdoor Space: While parking is ample, the description does not highlight dedicated private outdoor living areas for each unit, which could be a desirable amenity for tenants in a dense urban environment.

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