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913 N Hobart Blvd 5 Unit Apartment Building $3,695,000 ($739,000/Unit) 6.50% Cap Rate Los Angeles, CA 90029
Investment Highlights
- 5 Newly Constructed Luxury Residences Built In 2026 With Contemporary Architecture In Hollywood
- A True 6.50% CAP Rate For A Rapidly Evolving Hollywood Neighborhood.
- Spacious Open-Concept Floor Plans With Soaring Ceilings, Abundant Natural Light, And Modern Design Throughout.
- Diverse Unit Mix Featuring One 5-Bedroom/5-Bathroom Townhouse, Three 4-Bedroom Homes, And One 3-Bedroom Residence.
- Offers 10 Gated Parking Spaces On-Site.
- Designer Kitchens Equipped With Premium Appliances, Contemporary Cabinetry, And Upscale Fixtures.
Executive Summary
A newly constructed (2026) collection of five modern residences in the heart of Hollywood, one of Los Angeles’s most vibrant neighborhoods. This luxury income-producing property combines thoughtful design, energy efficiency, and functional living spaces to deliver a unique ownership opportunity in a high-demand rental market.
The property features a mix of large townhomes and contemporary apartments with spacious interiors, soaring ceilings, premium kitchens, and private patios. Units are complemented by smart home technology, all-electric systems, and fully paid solar panels, reducing operating expenses and improving energy sustainability. Tenants are responsible for all utilities, creating an efficient financial structure for ownership.
Four of the five residences are currently leased, ensuring immediate income, while one vacant unit offers flexibility for owner-occupancy or tenant selection. This investment asset appeals to lifestyle-oriented renters seeking modern amenities near employment hubs and cultural attractions in Hollywood.
The property features a mix of large townhomes and contemporary apartments with spacious interiors, soaring ceilings, premium kitchens, and private patios. Units are complemented by smart home technology, all-electric systems, and fully paid solar panels, reducing operating expenses and improving energy sustainability. Tenants are responsible for all utilities, creating an efficient financial structure for ownership.
Four of the five residences are currently leased, ensuring immediate income, while one vacant unit offers flexibility for owner-occupancy or tenant selection. This investment asset appeals to lifestyle-oriented renters seeking modern amenities near employment hubs and cultural attractions in Hollywood.
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- Offering Memorandum
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$293,160
|
$31.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$293,160
|
$31.21
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$53,040
|
$5.65
|
| Net Operating Income |
$240,120
|
$25.56
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $293,160 |
| Annual Per SF | $31.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $293,160 |
| Annual Per SF | $31.21 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $53,040 |
| Annual Per SF | $5.65 |
| Net Operating Income | |
|---|---|
| Annual | $240,120 |
| Annual Per SF | $25.56 |
Property Facts
| Price | $3,695,000 | Apartment Style | Townhome |
| Price Per Unit | $739,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.50% | Building Size | 9,394 SF |
| Gross Rent Multiplier | 12.6 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Parking Ratio | 1.06/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $3,695,000 |
| Price Per Unit | $739,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 12.6 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 9,394 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 2026 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 1 | - | 1,564 |
| 4+4 | 1 | - | 2,002 |
| 4+4.5 | 2 | - | 1,757 - 1,935 |
| 5+5 | 1 | - | 2,136 |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5535-024-016 | Improvements Assessment | $81,600 (2025) |
| Land Assessment | $918,000 (2025) | Total Assessment | $999,600 (2025) |
Property Taxes
Parcel Number
5535-024-016
Land Assessment
$918,000 (2025)
Improvements Assessment
$81,600 (2025)
Total Assessment
$999,600 (2025)
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913 N Hobart Blvd