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808 S Hobart Blvd
Los Angeles, CA 90005
The Ashby @ 8th · Multifamily Property For Sale
·
49 Units
Investment Highlights
- Ashby Apartments is a five-story landmark property, featuring Ar t Deco-style architecture, with 49 residential units totaling 36,925 square feet
- Parking income is substantial, with more than $40,000 annually
- Ashby Apartments includes unique spacious layouts, with 39 singles (approximately 650 square feet) and 10 one-bedrooms (approximately 1,000 sf)
- The subject is a rare opportunity to purchase a property and an adjacent parking lot that has approximately 114 feet of frontage along Hobart Blvd...
- This location is in the heart of Koreatown, surrounded by new developments in one of the most desirable rental submarkets of all of Los Angeles
- Many of the units have undergone renovations such as new cabinetry, upgraded bathroom sinks and countertops, refinished hardwood floors...
Property Facts
| No. Units | 49 | Building Size | 36,925 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1930 |
| Building Class | C | Parking Ratio | 0.68/1,000 SF |
| Lot Size | 0.40 AC | ||
| Zoning | R4, Los Angeles | ||
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 36,925 SF |
| Average Occupancy | 96% |
| No. Stories | 5 |
| Year Built | 1930 |
| Parking Ratio | 0.68/1,000 SF |
| Zoning | R4, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Ceiling Fans
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Range
- Walk-In Closets
- Den
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Gated
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 39 | $1,532 | 650 |
| 1+1 | 10 | $1,905 | 1,000 |
Property Taxes
| Parcel Number | 5093-017-031 | Improvements Assessment | $3,200,000 |
| Land Assessment | $4,784,000 | Total Assessment | $7,984,000 |
Property Taxes
Parcel Number
5093-017-031
Land Assessment
$4,784,000
Improvements Assessment
$3,200,000
Total Assessment
$7,984,000
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