$1,850,000
PENDING

Estimated payment $11,331/month

Total Views 1,564
13 Beds
7 Baths
4,312 Sq Ft
$429 Price per Sq Ft

About This Home

Welcome to 825 N Hobart Blvd, a prime East Hollywood investment opportunity. Nestled in the vibrant and rapidly evolving Melrose Hill enclave of East Hollywood, 825 N Hobart Blvd presents a rare opportunity to own a fully-permitted, income-generating asset in one of LA's most dynamic neighborhoods. This two-story triplex is complemented by two newly constructed 2-bedroom, 1-bathroom ADUs, offering a total of five distinct units: four 2-bed, 1-bath units, and one expansive 5-bed, 3-bath unit. Each unit is individually metered, providing ease of management and optimal utility efficiency for both tenants and ownership. Whether you're an investor seeking strong cash flow. With all work fully permitted, and a projected Cap Rate of 6.69% and GRM of 10.93, this asset checks all the boxes for value, performance, and long-term growth potential. Located next to some of LAs newest top restaurants, art galleries and production studios. This is a Must See!

Listing Agent

Ed Faktorovich

Figure 8 Realty License #01401897 Listed on: 04/11/2025

Co-Listing Agent

Jason Tuvia

Marcus & Millichap License #01772495

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,421

Year Built

  • Built in 1924

Interior Spaces

  • 4,312 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Driveway

Additional Features

  • 6,051 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5535-026-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,421

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4312
  • Lot Acreage: 0.1389
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 48
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 7.00
  • Equipment: Dryer, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 429.04

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 686664
  • Assessed Land Percent: 40
  • Assessed Land Value: 457776
  • Total Assessed Value: 1144440
  • Assessor Parcel Number: 5535-026-010
  • Lot Size Area: 6051

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.93
  • Number Of Units: 5
  • Total Annual Expense: 44424
  • Type Of Units: Apartment
  • Vacancy Rate: 40%

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,421 $1,167,328 $466,931 $700,397
2024 $14,421 $1,144,440 $457,776 $686,664
2023 $14,147 $1,122,000 $448,800 $673,200
2022 $13,497 $1,100,000 $440,000 $660,000
2021 $9,161 $725,000 $435,000 $290,000
2020 $1,920 $107,148 $43,382 $63,766
2019 $1,865 $105,048 $42,532 $62,516
2018 $1,726 $102,990 $41,699 $61,291
2016 $1,613 $98,993 $40,081 $58,912
2015 $1,595 $97,507 $39,479 $58,028
2014 $1,628 $95,598 $38,706 $56,892
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $1,850,000 +68.2% $429 / Sq Ft
07/30/2021 07/30/21 Sold $1,100,000 +10.6% $298 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $995,000 +37.2% $270 / Sq Ft
12/17/2020 12/17/20 Sold $725,000 -18.5% $197 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $890,000 -- $241 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,100,000 Lawyers Title Company
Interfamily Deed Transfer -- Ticor Title Company Of Ca
Grant Deed $725,000 Ticor Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $1,520,000 Construction
Closed $1,270,000 Commercial
Previous Owner $753,700 Construction
Source: Public Records

Similar Homes in the area

  • 1525 W 105th St, Los Angeles, CA 90047

    $1,675,000

    • 11 Beds
    • 8 Baths
    • 5,894 Sq Ft
    • 1525 W 105th St
    • Los Angeles, CA

    This spacious 8-unit garden-style apartment building, situated on a sprawling 19,000 sq ft lot, presents a compelling investment opportunity. The property boasts a secure, gated environment and offers a mix of recently remodeled and classic units, ensuring broad appeal to potential tenants.Key Features:Remodeled Units: 6 of the 8 units have been thoughtfully modernized with new windows, kitchens,

    Vartan Achabahian Prospect Group Inc.

    Section Image
  • 203 W Opp St, Wilmington, CA 90744

    $2,145,000

    • 11 Beds
    • 10 Baths
    • 6,424 Sq Ft
    • 203 W Opp St
    • Wilmington, CA

    Prime Investment opportunity. Pride of ownership and a well-maintained 9-unit property in Wilmington is available for sale! The property offers a combined living space of 6424 sq ft. Situated on a generous 7234 square foot lot.The Unit mix is comprised of 7 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 1 two-bedroom/two-bath. Each unit provides comfortable living quarters. 5 of

    Freida Sanei BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

    Section Image
  • 427 N Kingsley Dr, Los Angeles, CA 90004

    $1,825,000

    • 15 Beds
    • 7 Baths
    • 4,380 Sq Ft
    • 427 N Kingsley Dr
    • Los Angeles, CA

    This well-mantained five-unit apartment building features an excellent unit mix, including one 1-bedroom/1-bath unit, two 2-bedroom/1-bath units, one 3-bedroom/1-bath unit, and one spacious 5-bedroom/2-bath unit. All tenants are current on rent, and each unit has individually metered electricity, with the owner covering water expenses.The property has been well cared for, reflecting the

    Elba Schnaider Summit View Estates

    Section Image
  • 831 N Heliotrope Dr, Los Angeles, CA 90029

    $1,800,000

    • 12 Beds
    • 10 Baths
    • 4,116 Sq Ft
    • 831 N Heliotrope Dr
    • Los Angeles, CA

    GREAT INVESTMENT OPPORTUNITY! This REO multifamily is located in the East Hollywood neighborhood of Los Angeles. The property has renovated furnished units while being walking distance from the Metro Line across from LA City College. There is also easy 101 Freeway access for travel. Originally built in 1921 as a 4-unit multi-family structure. The renovated units are a mixture of (4) 2 bedroom

    Alvin Scioneaux Lee & Associates Investments Services Group Inc

    Section Image
  • 335 N Mariposa Ave, Los Angeles, CA 90004

    $1,799,900

    • 11 Beds
    • 8 Baths
    • 6,150 Sq Ft
    • 335 N Mariposa Ave
    • Los Angeles, CA

    Conveniently locaed in Mid-Wilshire, near Koreatown. Seize this rare opportunity to own a 4-unit property in the heart of Los Angeles! Perfectly positioned in a convenient location, these units are just minutes from local hotspots, dining, and public transportation, offering tenants both comfort and accessibility. With some units rented and some available to rent out, this is an ideal turnkey

    Nancy Liu ReMax Elite Realty

    Section Image
  • 1158 N Kenmore Ave, Los Angeles, CA 90029

    $1,399,000

    • 12 Beds
    • 7 Baths
    • 3,850 Sq Ft
    • 1158 N Kenmore Ave
    • Los Angeles, CA

    Incredible investment opportunity on Kenmore Street featuring three separate buildings on a sprawling gated lot in one of the city's most accessible and high-demand areas. The main residence is a spacious two-story home with seven total bedrooms, four upstairs and three downstairs, offering a massive kitchen, multiple oversized living areas, in-unit washer and dryer, and additional balcony space

    Sierus Erdelyi TruLine Realty

    Section Image
  • 5732 Lexington Ave, Los Angeles, CA 90038

    $1,995,000

    • 13 Beds
    • 9 Baths
    • 6,652 Sq Ft
    • 5732 Lexington Ave
    • Los Angeles, CA

    Ideally situated 8-unit multifamily building. Located just south of Sunset Boulevard. This asset consists of a very favorable unit mix consisting of one 3 Bed/2 Bath unit, three 2 Bed/1 Bath units, and four 1 Bed/1 Bath unit. The building comes with 10 parking spaces. Current ownership has done multiple upgrades and renovated some of the units. Government-required seismic retrofitting has been

    Leonid Gershkovich Prime Banker Realty, Inc.

    Section Image
  • 947 S St Andrews Place, Los Angeles, CA 90019

    $1,790,000

    • 12 Beds
    • 10 Baths
    • 5,368 Sq Ft
    • 947 S St Andrews Place
    • Los Angeles, CA

    We are delighted to present for sale a six-unit apartment complex situated at 947 South St. Andrews Place. Ideally positioned between Wilshire Boulevard and Olympic Boulevard, just west of Western Avenue, this property is situated in one of the most sought-after enclaves of Koreatown. Constructed with a wood frame/stucco blend, the property occupies a 6,132 square foot parcel. The unit

    Hyun Jin Im Epique Realty

    Section Image
  • 933 S Norton Ave, Los Angeles, CA 90019

    $1,598,000

    • 12 Beds
    • 10 Baths
    • 7,652 Sq Ft
    • 933 S Norton Ave
    • Los Angeles, CA

    We offer FOR SALE this value-add 10-unit two-story walkup apartment building in the Mid-City of Los Angeles. Built in 1958, the property offers 8 - one bedroom/one bath and 2 - two bedroom one bath apartments and according to the Los Angeles County Tax Assessors office, 7,652 square feet of building area. There are several very low rents providing very good future rental upside. There are two

    Jim Gilb James F. Gilb

    Section Image

Source: The MLS

MLS Number: 25524217

The MLS

APN: 5535-026-010