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532 S Hobart Blvd
Los Angeles, CA 90020
Multifamily Property For Sale
·
29 Units
Investment Highlights
- First time on market in over 30 years
- Offered at $144,828/Unit
- Multiple Capital Improvements Including a New Elevator & Boiler
- Well-Maintained Asset Featuring Classic Finishes and Value Add- Potential
- 4.16% Cap Rate on Current Income (8.51% on Market Income)
- Opportunity for New Owner to Drive Operational Efficiencies by Capturing Upside in Rents and Implementing RUBS
Property Facts
| No. Units | 29 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 20,520 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | ||
| Zoning | R4 | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 20,520 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Gated
- Recycling
- Walk-Up
Property Taxes
| Parcel Number | 5503-022-012 | Improvements Assessment | $1,100,000 |
| Land Assessment | $2,053,000 | Total Assessment | $3,153,000 |
Property Taxes
Parcel Number
5503-022-012
Land Assessment
$2,053,000
Improvements Assessment
$1,100,000
Total Assessment
$3,153,000
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