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1922 S Hobart Blvd
Los Angeles, CA 90018
Multifamily Property For Sale
·
16 Units
Investment Highlights
- 1922 S Hobart Blvd is an ideal candidate for a Naturally Occurring Affordable Housing (NOAH) conversion
- Current 2-bedroom rents average ~$1,352, while market comparables exceed $2,200 — presenting over 58% rental upside
- Available as a portfolio with three other buildings, 2622 S Hobart Blvd offers true scale for operators seeking to grow within LA’s urban core
- 25% of tenants already on vouchers and the remaining rents are below 80% AMI
- Located on an expansive lot in addition to existing tuck under parking, offering significant ADU potential
Property Facts
| No. Units | 16 | Building Size | 13,115 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | LAR4 - high density residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 13,115 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LAR4 - high density residential |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Property Taxes
| Parcel Number | 5074-032-026 | Improvements Assessment | $318,708 |
| Land Assessment | $44,100 | Total Assessment | $362,808 |
Property Taxes
Parcel Number
5074-032-026
Land Assessment
$44,100
Improvements Assessment
$318,708
Total Assessment
$362,808
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