RealKey
‪(213) 433-7766‬

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$1,499,000
605 N Hobart Boulevard, Los Angeles, California 90004
0Bed
0Bath
2,935Sqft
7,505Lot
Year Built
1923
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$511
HOA
-
Days on market
-
Sold On
-
MLS number
PW24187248
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(67th), sqft - 2935(50th), beds - undefined(50th), baths - undefined(50th).

Welcome to an exceptional multifamily building situated in the heart of East Hollywood, Los Angeles. Discover the ultimate in Hollywood living with this stunning triplex, nestled in the heart of one of LA’s most iconic neighborhoods. This newly constructed property comprises three distinct units, offering a unique blend of spacious layouts and modern amenities. Six assigned parking spots are included with units, ensuring hassle-free parking. With its beautiful stone exterior and fully fenced in driveway, the triplex exudes both charm and security. The property's versatility makes it ideal for various lifestyles whether you're in search of a spacious family home, a comfortable space for co-living with roommates, or a lucrative investment opportunity to offset your mortgage by renting to friends and family. Enjoy the convenience of being close to major freeways and world-renowned entertainment venues. The property's cap rate stands at 5.7%.

Price History

Date
Event
Price
02/13/15
Sold
$759,000
05/18/12
Sold
$455,000
Condition Rating
Excellent
Despite the original 1923 build year, the listing explicitly states 'newly constructed property comprises three distinct units' and the images confirm a comprehensive, high-quality renovation. The kitchens feature modern white shaker cabinets, stainless steel appliances, and light countertops. Bathrooms are fully updated with contemporary vanities, fixtures, and tiling. Throughout the units, there is consistent light wood-look flooring and modern lighting, indicating all components are new or virtually new and meet current quality standards.
Pros & Cons

Pros

Newly Constructed Units & Modern Amenities: The property features three newly constructed units with spacious layouts and modern amenities, offering contemporary living spaces.
Prime East Hollywood Location: Situated in the heart of East Hollywood, the property boasts excellent proximity to major freeways, iconic neighborhoods, and world-renowned entertainment venues.
Income-Generating Triplex with Strong Cap Rate: As a triplex, it provides multiple income streams with a competitive 5.7% cap rate, making it an attractive investment opportunity.
Dedicated Off-Street Parking: The inclusion of six assigned parking spots is a significant advantage in Los Angeles, ensuring convenience for residents and enhancing property value.
Versatile Use Case: The property's design and layout cater to various lifestyles, suitable for a spacious family home, co-living arrangements, or a pure investment.

Cons

Age of Original Building Structure: Despite 'newly constructed units,' the original building year of 1923 suggests potential for underlying older infrastructure or unforeseen maintenance issues not addressed in the renovation.
Lack of Detailed Unit Information: The description lacks specific details on individual unit configurations (e.g., number of bedrooms/bathrooms per unit) and current rental income, which is crucial for investor analysis.
Limited Outdoor Space Details: While a fenced driveway is mentioned, there is no information regarding private outdoor spaces for each unit or a communal yard, which can be a desirable amenity for tenants.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state