NOT LISTED FOR SALE

1525 N Hobart Blvd Los Angeles, CA 90027

East Hollywood Neighborhood
0.28 Acre
-- Price per Acre
12,000 Sq Ft Lot

Last Sold August 26, 2016

Last sale price $1,600,000 $476 Per Sq Ft

123 Days on Market

About This Lot

As of August 2016

We are pleased to present a development opportunity in the Hollywood area of Los Angeles. The offering, consists of 12,000 square feet of R3-1XL of raw land. The Zoning restricts the height of a new development to 30 feet. The XL zoning also restricts development to a two story project above parking. The dimensions of the parcel are 60 ft. wide and 200 ft. deep. There is currently no structure on the property therefore there will be no cost for relocating tenants or demolition. The zoning allows for 15 units to be built by right. By using density bonus a builder can build up to 21 units. The area is rapidly gentrifying and there are many new developments in close proximity to the property. The property is close to the Western and Hollywood Metro Station and is surrounded by supermarkets and restaurants and boasts a Walk Score of 88.

Last Agent to Sell the Property

Jon Emrani

Marcus & Millichap License #01427038 Listed on: 03/04/2016

Last Buyer's Agent

Jon Emrani

Marcus & Millichap License #01427038 Listed on: 03/04/2016

Property Details

Property Type

  • Land

Lot Details

  • 0.28 Acre Lot
  • Property is zoned LAR3

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5544-019-014

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5544-019-014
  • Geocode Override: No
  • Lot Size Area: 12000

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2016 08/26/16 Sold $1,600,000 -3.0% $476 / Sq Ft
07/05/2016 07/05/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $1,650,000 -- $490 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Emrani

    Seller's Agent in 2016

    Jon Emrani

    Marcus & Millichap

    (310) 422-8052

    1 in this area

    15 Total Sales

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Map

Source: The MLS

MLS Number: 16-984091

The MLS

APN: 5544-019-014

California Los Angeles County Los Angeles 90027 East Hollywood

1525 N Hobart Blvd, Los Angeles, CA

This home is located at 1525 N Hobart Blvd, Los Angeles, CA 90027 since 04 March 2016. 1525 N Hobart Blvd is a home located in Los Angeles County with nearby schools including Grant Elementary School, Joseph Le Conte Middle School, and Helen Bernstein High School.

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