1256 N Hobart Blvd - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$2,400,000 USD
818-642-4123
1256 N Hobart Blvd, Los Angeles, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/48
null | 5.48% Cap Rate

1256 N Hobart Blvd
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Built in 2018 with modern design and high-quality finishes.
  • Strong unit mix with large floor plans averaging 1,241 SF.
  • Tenants pay all utilities, reducing operating costs.
  • Located in East Hollywood, one of LA’s most desirable rental markets.
  • Convenient access to Hollywood Bowl, Griffith Observatory, and major transit.
  • One unit delivered VACANT - Ideal Owner-User Opportunity

OVERVIEW

PREMIER OWNER-USER OPPORTUNITY IN THE HEART OF EAST HOLLYWOOD Kidder Mathews is pleased to present 1256 N Hobart Avenue, a 4-unit owner-user investment opportunity located in the Little Armenia neighborhood of East Hollywood, CA. One (2-bedroom, 2.5-bath) unit is delivered vacant, creating an immediate opportunity for an owner-user to occupy a modern residence while generating rental income from the remaining units. Built in 2018, the property features contemporary, modern-style units with large, well-designed floor plans, offering newer construction in a supply-constrained submarket. The building totals 4,964 SF on a 6,626 SF lot, with tenants paying all utilities, supporting strong operating efficiency. The unit mix includes two (2-bedroom, 2.5-bath) units, one (3-bedroom, 3-bath) unit, and one (4-bedroom, 3-bath) unit—an ideal configuration for families and owner-users seeking larger living spaces. Offered at $524 per square foot, 1256 N Hobart Avenue represents a compelling opportunity to acquire a modern, well-located multifamily asset with immediate owner-user functionality and durable long-term fundamentals.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$483 USD /SF

# OF UNITS

4

PRICE/UNIT

$600,000

CAP RATE

5.48%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD1.5

APN/PARCEL ID

5537-012-007

ASK ABOUT THIS PROPERTY

Nathan ShaolianKidder MathewsMore Info
818-642-4123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Nathan ShaolianKidder MathewsMore Info
818-642-4123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.