
Los Angeles, California 90029
This Duplex Residential Income property is a Strong Value Opportunity, listed at $1,175,000. While priced slightly above the $1,158,853 Fair Market Value, the property offers long-term stability in the high-demand Melrose Hills neighborhood. Featuring a 3-bedroom/2-bathroom front house and a 1-bedroom/1-bathroom rear unit, both equipped with Solar Systems, the home maintains a Condition Rating of 3. This asset provides exceptional flexibility for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through rental income in a prime, central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 800 N Hobart Subject 4 bd · 3 ba · 2,142 sqft · $481 | $1,000,000* List Price | 4 | 3 | 2,142 | $481 | - |
A 1010 N Alexandria Avenue Active Under Contract 4 bd · 2 ba · 1,857 sqft · $485 · 0.5 mi | $900,000 List Price | 4 | 2 | 1,857 | $485 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1921, the property has been significantly modernized with energy-efficient solar systems and shows high-quality maintenance. The exterior features updated windows, fresh paint, and professional landscaping, suggesting a comprehensive renovation within the last 5-15 years that makes it move-in ready.
The duplex configuration, featuring a 3-bedroom front house and a 1-bedroom rear unit, offers excellent versatility for rental income, house-hacking, or multi-generational living.
Located in the desirable Melrose Hills neighborhood, the property provides exceptional proximity to Hollywood, Larchmont Village, and Koreatown's premier dining and entertainment.
Both residences are equipped with solar power systems, providing modern energy efficiency and significant utility cost savings that are rare for character homes of this era.
Originally built in 1921, the property may necessitate higher maintenance costs or future capital expenditures to address aging structural or mechanical components typical of vintage homes.
While the property is served by the Los Angeles Unified School District, several of the immediate neighborhood schools carry lower performance ratings, which may be a consideration for families.
800 & 802 N Hobart Blvd presents a rare opportunity to own a character-filled duplex in the heart of Los Angeles' highly sought-after Melrose Hills neighborhood. Combining classic architecture, income potential, and an unbeatable central location, this property offers the versatility today's buyers are searching for. The front residence (800) features approximately 1,400 square feet with 3 bedrooms and 2 bathrooms, offering spacious living areas, abundant natural light, and the timeless charm that defines classic Los Angeles homes. The rear residence (802) includes approximately 740 square feet with 1 bedroom and 1 bathroom, creating an ideal setup for rental income, multi-generational living, a private guest residence, or a dedicated work-from-home space. Each home enjoys the convenience of its own private garage and separate living quarters, providing privacy and functionality rarely found in urban properties. Both residences are equipped with solar systems, offering added energy efficiency benefits. Positioned just minutes from Hollywood, Larchmont Village, Koreatown, Downtown Los Angeles, and some of the city's most celebrated restaurants, entertainment venues, shopping destinations, and nightlife, this location places the very best of Los Angeles at your doorstep. Whether you're looking to offset your mortgage by renting one unit while living in the other, create a comfortable setup for extended family, or acquire a prime investment property in a high-demand rental market, this duplex delivers exceptional flexibility and long-term value. Opportunities like this are increasingly difficult to find in such a desirable Los Angeles location. A true Melrose Hills gem offering charm, convenience, and endless potential.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.5 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,142 | 2,090.331 |
| Lot Size | 7,281 | 5,852.908 |
| Price | $1.00M | $830.9K |
| Price per sq ft | $467 | $394 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 39 | 87 |
Oct 9, 2026
$1,000,000
$1,175,000
-15% Price Drop
Initial Listing
Oct 1, 2026
$1,175,000
Initial Listing
Apr 2, 2013
$525,000
Public Record
Jul 7, 2011
$270,000
Public Record
Jun 8, 2011
$210,000
Public Record