1922 S Hobart Blvd | Los Angeles, CA 90018
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- LoopNet Team
1922 S Hobart Blvd
Los Angeles, CA 90018
Build-to-Rent Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- 1922 S Hobart Blvd is an ideal candidate for a Naturally Occurring Affordable Housing (NOAH) conversion
- Current 2-bedroom rents average ~$1,352, while market comparables exceed $2,200 — presenting over 58% rental upside
- Available as a portfolio with three other buildings, 2622 S Hobart Blvd offers true scale for operators seeking to grow within LA’s urban core
- 25% of tenants already on vouchers and the remaining rents are below 80% AMI
- Located on an expansive lot in addition to existing tuck under parking, offering significant ADU potential
PROPERTY FACTS
| No. Units | 16 | Property Size | 13,115 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Floors | 3 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Costar Property Class | C | Parking Allocation | 1/1,000 sq ft |
| Total Plot Size | 0.32 ac | ||
| Use Class | LAR4 - high density residential | ||
| No. Units | 16 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.32 ac |
| Property Size | 13,115 sq ft |
| Average Occupancy | 94% |
| No. Floors | 3 |
| Year Built | 1970 |
| Parking Allocation | 1/1,000 sq ft |
| Use Class | LAR4 - high density residential |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- 24 Hour Access
PROPERTY TAXES
| Parcel Number | 5074-032-026 | Improvements Assessment | £235,955 |
| Land Assessment | £32,649 | Total Assessment | £268,605 |
PROPERTY TAXES
Parcel Number
5074-032-026
Land Assessment
£32,649
Improvements Assessment
£235,955
Total Assessment
£268,605
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