This Multifamily Property is no longer advertised on LoopNet.com.
1550 N Hobart Blvd
62 Units in Prime Hollywood, Steps off Sunset · Multifamily Property For Sale
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62 Units
INVESTMENT HIGHLIGHTS
Open House: Thursday, October 5th from 11:00 AM to 2:00 PM
Great Street Presence: 200 feet of frontage on Hobart Boulevard
Priced below replacement cost: Under $300k/unit; Value-Add Opportunity: Over $400/u/mo in potential rental upside
2 ½ blocks from Hollywood/Western Metro; Steps off Sunset Blvd; Walk Score of 90: “Walker’s Paradise”
Legacy Property: First time on the market in over 20 years
Highly amenitized community with courtyard pool, elevator, controlled access intercom entry, gated parking, and storage units
PROPERTY FACTS
No. Units
62
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Mid-Rise
Building Class
C
Lot Size
0.71 AC
Building Size
53,676 SF
Average Occupancy
98%
No. Stories
4
Year Built
1963
UNIT AMENITIES
Air Conditioning Balcony Dishwasher
Carpet Patio Vinyl Flooring
SITE AMENITIES
Courtyard Laundry Facilities
Pool Property Manager on Site
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
Studios
12
-
600
1+1
40
-
750
2+1
2
-
1,000
2+2
8
-
1,000
PROPERTY TAXES
Parcel Number
5544-017-024
Improvements Assessment
$2,843,836
Land Assessment
$1,218,772
Total Assessment
$4,062,608
