NOT LISTED FOR SALE

923 N Hobart Blvd Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,077,000 - $1,342,000

3 Beds
3 Baths
2,472 Sq Ft
$482/Sq Ft Est. Value

Last Sold June 23, 2016

Last sale price $675,000 $273 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $7,211/month

6 Days on Market

Highlights

  • Property is near a park
  • Private Yard
  • 2 Car Garage
  • STEM Academy at Bernstein High Rated A-
  • No HOA
  • 1-minute walk to Lemon Grove Recreation Center

About This Home

As of June 2016

**4-28: Deal fell thru - seller's upleg is in escrow - will discount for fast close** First time on market in 38 years. Classic triplex on 50 x 147.66 RD1.5 lot. Can build 1 unit per 1500 sq. ft. of land, which = 4.92 units. Could probably get variance for 5 units. Spacious units w/raised foundations, fireplace, hardwood floors, laundry rooms and 2 car garage. 81 walkscore, on great quiet residential street, directly across from Lemon Grove Park. Walkable (6 very short blocks) to Paramount Studios, Masonic Lodge @ Hollywood Forever cemetary, and all 3 schools. Huge upside: long term tenants, rents are way under market.

Last Agent to Sell the Property

Leo Nordine

Nordine Realtors, Inc. License #00961679 Listed on: 04/28/2016

Last Buyer's Agent

Timothy Hahn

Nordine Realtors, Inc. License #01708266

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,926

Year Built

  • Built in 1921

Lot Details

  • 7,383 Sq Ft Lot
  • Lot Dimensions are 50 x 147.66
  • No Common Walls
  • East Facing Home
  • Private Yard
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Flat Roof Shape
  • Raised Foundation
  • Frame Construction
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,472 Sq Ft Home
  • 1-Story Property
  • Window Bars

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near a park
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 5535024018

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,926

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Window Bars
  • View: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5535024018
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 273.06

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lawn, Lot 6500-9999, Park Nearby, Yard
  • Lot Size: 50 x 147.66
  • Lot Size Sq Ft: 7383.00
  • Price Per Lot Square Foot: 91.43

Multi Family

  • Gross Scheduled Income: 34440.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Actual Rent: 2870.00

Tax Info

  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2016
Closed on
May 13, 2016
Sold by
Shahalayi Ali and Shahalayi Chaye F
Bought by
Schefres Abraham and Schefres Bracha Regina
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Timothy Hahn
Nordine Realtors, Inc.
List Price
$715,000
Sold Price
$675,000
Premium/Discount to List
-$40,000
-5.59%
Current Estimated Value
$1,165,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,931
Avg. Annual Appreciation
6.41%
Original Mortgage
$506,250
Outstanding Balance
$229,492
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$961,314

Purchase Details

Closed on
Sep 28, 2010
Sold by
Shahalayi Ali and Shahalayi Chaye F
Bought by
Shahalayi Ali and Shahalayi Chaye F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2006
Sold by
Shahalayi Ali and Shahalayi Chaye F
Bought by
Shahalayi Ali and Shahalayi Chaye F
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Schefres Abraham $675,000 Usa National Title
Shahalayi Ali -- Chicago Title Company
Shahalayi Ali -- Chicago Title Company
Shahalayi Ali -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schefres Abraham $506,250
Previous Owner Shahalayi Ali $287,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2016 06/23/16 Sold $675,000 -5.6% $273 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
04/28/2016 04/28/16 For Sale $715,000 -- $289 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $9,926 $799,056 $559,933 $239,123
2024 $9,926 $783,389 $548,954 $234,435
2023 $9,740 $768,030 $538,191 $229,839
2022 $9,296 $752,972 $527,639 $225,333
2021 $9,170 $738,209 $517,294 $220,915
2020 $9,259 $730,640 $511,990 $218,650
2019 $8,900 $716,314 $501,951 $214,363
2018 $8,773 $702,269 $492,109 $210,160
2016 $1,287 $79,965 $37,058 $42,907
2015 $1,272 $78,765 $36,502 $42,263
2014 $1,299 $77,223 $35,787 $41,436
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Leo Nordine

    Nordine Realtors, Inc.

    Section Image

  • T

    Buyer's Agent in 2016

    Timothy Hahn

    Nordine Realtors, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16089573

California Regional Multiple Listing Service (CRMLS)

APN: 5535-024-018

California Los Angeles County Los Angeles 90029 East Hollywood

923 N Hobart Blvd, Los Angeles, CA

This home is located at 923 N Hobart Blvd, Los Angeles, CA 90029 since 28 April 2016 and is currently estimated at $1,190,806, approximately $481 per square foot. This property was built in 1921. 923 N Hobart Blvd is a home located in Los Angeles County with nearby schools including Kingsley Elementary School, Joseph Le Conte Middle School, and STEM Academy at Bernstein High.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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