439 S Hobart Blvd - Apartments FOR SALE


Los Angeles, CA 90020- Koreatown
$4,000,000 USD
310-993-7600
439 S Hobart Blvd, Los Angeles, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/19
null | 5.84% Cap Rate

439 S Hobart Blvd
Los Angeles, CA 90020
Koreatown


HIGHLIGHTS

  • Excellent Koreatown Location - Just East of Western Ave
  • Charming Mid-Century Design
  • Unit Mix of Mostly 1 and 2 Bedroom Units
  • 9.76 GRM on Current Income
  • 21 On-Grade Parking Spaces

OVERVIEW

The Mogharebi Group is pleased to present for sale The Versailles, a 20-unit multifamily asset ideally located in the Koreatown submarket of Los Angeles. The property consists of one studio, fifteen one-bedroom/one-bath, and four two-bedroom/two-bath units, totaling +/- 17,064 square feet of improvements situated on a +/- 9,006-square-foot parcel. The property benefits from an exceptional infill location, just three blocks east of Western Avenue and north of 6th Street. This particular stretch of Hobart Boulevard has consistently outperformed the broader submarket in rental growth, as tenants are drawn to its attractive residential character and convenient proximity to transit, restaurants, retail, and neighborhood amenities.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

20

PRICE/UNIT

$200,000

CAP RATE

5.84%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1970

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,017 SF

ZONING

LAR4

APN/PARCEL ID

5503-012-017

ASK ABOUT THIS PROPERTY

Peter StraussThe Mogharebi GroupMore Info
310-993-7600

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Peter StraussThe Mogharebi GroupMore Info
310-993-7600

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