Skip To Content

    539 N Hobart Boulevard

    Los Angeles (City), CA 90004
    • $4,500,000
    • STATUS: Active
    • ON SITE: 33 Days
    • ID#: 21783818
    UPDATED: 48 min ago
    $4,500,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    We are proud to exclusively present for sale a Development Opportunity in Koreatown. A modern and attractive design with spacious apartments, this 39 Unit Project features all 2 Bed, 2 Bath units, many with balconies. 4 Units will be Affordable (Very Low Income) and the Project is not subject to RSO. The property consists of 3 contiguous lots totaling 18,438 SF R3-1 Tier 2 land. The design features one level of subterranean parking and one level of on grade parking, two elevators, a Leasing Office, an 866 SF Rec Room, Storage, Bicycle Parking, 67 Parking Spaces, Roof Decks and is about 90% completewithin striking distance of being Ready-to-Issue. The property has the possibility of converting the Leasing Office and/or the Rec Room to an ADU. The incredibly pedestrian friendly location gets a Walkers Paradise rating from Walk Score, being just down the street from Larchmont, Los Feliz and Virgil Village, with a great variety of restaurants, shopping and nightlife in the area. The Melrose and Western area has garnered tremendous attention, with a lot of money flowing in and a lot of new development all around. High paying Entertainment Industry Jobs can be found at Paramount Studios, Raleigh Studios and Conway Recording Studios just down the road. Central to all with easy access to the 101 freeway, and near both the Beverly/Vermont & Santa Monica Blvd./Vermont Metro Subway Stations, this location and this beautifully designed project is sure to rent quickly, at the top of the market, with many long-term tenants. Transaction includes 3 Lots, each with its own APN. APNs included in this transaction are: 5521-012-025, 5521-012-026 & 5521-012-027.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-18T00:25:52.45. 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 Swack Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
    www.swackrealestategroup.com/homes/121431261
    Print Image

    539 N Hobart Boulevard Los Angeles (City), CA 90004

    • Price: $4,500,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: 21783818
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    We are proud to exclusively present for sale a Development Opportunity in Koreatown. A modern and attractive design with spacious apartments, this 39 Unit Project features all 2 Bed, 2 Bath units, many with balconies. 4 Units will be Affordable (Very Low Income) and the Project is not subject to RSO. The property consists of 3 contiguous lots totaling 18,438 SF R3-1 Tier 2 land. The design features one level of subterranean parking and one level of on grade parking, two elevators, a Leasing Office, an 866 SF Rec Room, Storage, Bicycle Parking, 67 Parking Spaces, Roof Decks and is about 90% completewithin striking distance of being Ready-to-Issue. The property has the possibility of converting the Leasing Office and/or the Rec Room to an ADU. The incredibly pedestrian friendly location gets a Walkers Paradise rating from Walk Score, being just down the street from Larchmont, Los Feliz and Virgil Village, with a great variety of restaurants, shopping and nightlife in the area. The Melrose and Western area has garnered tremendous attention, with a lot of money flowing in and a lot of new development all around. High paying Entertainment Industry Jobs can be found at Paramount Studios, Raleigh Studios and Conway Recording Studios just down the road. Central to all with easy access to the 101 freeway, and near both the Beverly/Vermont & Santa Monica Blvd./Vermont Metro Subway Stations, this location and this beautifully designed project is sure to rent quickly, at the top of the market, with many long-term tenants. Transaction includes 3 Lots, each with its own APN. APNs included in this transaction are: 5521-012-025, 5521-012-026 & 5521-012-027.
    Property Features

    Listing Agreement Exclusive Right To Sell Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning R3-1 Tier 2

    Listing provided courtesy of Dario Svidler of Compass and James Cheung of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-18T00:25:52.45. 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 Swack Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367260391-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367260391-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367260391-1.jpg
    Logo
    Swack Real Estate Group | Keller Williams Realty Central Coast
    1851 Shell Beach Road Ste B
    Shell Beach CA, 93449