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- LoopNet Team
2067 S Hobart Blvd
Los Angeles, CA 90018
8-Suite Historic Mansion on 13,519 SF Lot · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Historical Cultural Monument
- Fully Occupied (8-Suites)
- 2 Parking Permits
- Restored and Remodeled in 2019
- 9.5 Parking Spaces
- Upside Potential
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 7,002 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1902/2019 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Zoning | LAR4 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 7,002 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1902/2019 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | LAR4 |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
- Storage Space
- Washer/Dryer
- Hardwood Floors
- Basement
- Den
- Dining Room
- Office
- Patio
- Recreation Room
ABOUT 2067 S HOBART BLVD , LOS ANGELES, CA 90018
We are proud to present this unique turnkey income property with an exceptionally attractive cap rate of 4.42 percent. This West Adams Heights Mansion is a Historic Cultural Monument designed by the iconic Early 20th Century “Millionaire’s Architect,” Fredrick Roehrig. The Mansion sits in a gorgeous, quiet pocket comprised of Early 20th Century Mansions. It was fully and tastefully restored and remodeled into 8 suites in 2019 resulting in a functional income property with high quality finishing. All suites are fully occupied with great tenants; a private kitchen and bathroom comes with each suite. Features include brand new installation on the exterior and roof; a cost/energy efficient zone-controlled central air HVAC system, plumbing, and electrical; 2 huge water heaters with an eco-friendly circulatory pump system and timer; and Smart House systems with speakers and more. The amazingly structured basement comes with an exterior entrance and is ready to be converted into a recreation room with a built-in wine cellar. The property has 9.5 parking spaces plus 2 street parking permits and a big walkway to park an additional 10 motor bikes. This architectural dream combines a historical monument with a modern and sustainable hybrid twist that makes this property a unique work of art. Profit will be generated immediately after purchasing. Take advantage of upside potential by developing a 1,400 SF ADU in the back and increase the gross income to a potential $260,000+ per year. This rare opportunity won’t last long- You must come and see it to truly appreciate it!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,325 | - |
