949 N Hobart Boulevard

    Hollywood, CA 90029
    • $2,595,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: BB19233880
    UPDATED: 64 min ago
    $2,595,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,522
      SQFT
    • $470
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    949 N Hobart is a gorgeous 2019 construction fourplex located in the Hollywood Studio District moments from Paramount, Netflix, Sunset Gower Studios and much more! 949 N Hobart is expected to be completed in November 2019. Get your offers in early to lock this deal up at an amazing price of $2,595,000 and 5.30% cap rate! 949 N Hobart is made up of two 2-story duplexes. The front duplex consists of two 3 bed/2.5 bath units that are side-by-side townhome style. The rear duplex is made up of one 3 bed/2 bath unit and one 4 bed/3 bath with one unit on the bottom floor and one unit on the top floor. The units feature stainless steel appliances, high quality finishes, spacious floor plans and washer/dryer hookups in each unit.This fourplex is located between Melrose and Santa Monica Blvd, minutes from trendy Larchmont Village, action packed Sunset and Vine, and an unlimited supply of nearby studios, entertainment jobs, bars, restaurants, and neighborhood conveniences!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T08:29:09.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99543052

    949 N Hobart Boulevard Hollywood, CA 90029

    • Price: $2,595,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: BB19233880
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,522
    SQFT
    $470
    $/SQFT
    2019
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    949 N Hobart is a gorgeous 2019 construction fourplex located in the Hollywood Studio District moments from Paramount, Netflix, Sunset Gower Studios and much more! 949 N Hobart is expected to be completed in November 2019. Get your offers in early to lock this deal up at an amazing price of $2,595,000 and 5.30% cap rate! 949 N Hobart is made up of two 2-story duplexes. The front duplex consists of two 3 bed/2.5 bath units that are side-by-side townhome style. The rear duplex is made up of one 3 bed/2 bath unit and one 4 bed/3 bath with one unit on the bottom floor and one unit on the top floor. The units feature stainless steel appliances, high quality finishes, spacious floor plans and washer/dryer hookups in each unit.This fourplex is located between Melrose and Santa Monica Blvd, minutes from trendy Larchmont Village, action packed Sunset and Vine, and an unlimited supply of nearby studios, entertainment jobs, bars, restaurants, and neighborhood conveniences!
    Exterior Features

    Entry Level 1 Entry Location 1 Fence YN Yes Fencing Excellent Condition Garage Spaces 3.00 Lot Features Front YardLandscapedLevel With StreetLevelNear Public TransitSprinklers Drip SystemYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherFreezerGas OvenGas RangeMicrowaveRefrigeratorTankless Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1481 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Central Heating YN Yes Interior Features BalconyHigh CeilingsOpen FloorplanRecessed LightingStorage Laundry Features Gas Dryer HookupInsideWasher Hookup Levels Two Room Type KitchenLaundryLiving RoomMaster BathroomMaster BedroomMaster Suite

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.30 Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 300.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 177600.00 Gross Multiplier 14.61 Gross Operating Income 172272.00 Gross Scheduled Income 177600.00 Insurance Expense 1933.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 137474.00 New Construction YN Yes New Taxes Expense 30465.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 5 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Number With Refrigerator 4 Operating Expense 34798.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Taxes Percent 1.17 Tenant Pays All Utilities Total Expenses 34798.00 Trash Expense 0.00 Vacancy Allowance 5328 Water Sewer Expense 300.00 Water Source Public Year Built Source Builder

    Listing provided courtesy of Elizabeth Maddox of The 2-4 Unit Specialists and Isaac Davidi of On Track Property


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T08:29:09.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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