2622 S Hobart Blvd | Los Angeles, CA 90018
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- LoopNet Team
2622 S Hobart Blvd
Los Angeles, CA 90018
Build-to-Rent Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- 2622 S Hobart Blvd is an ideal candidate for a Naturally Occurring Affordable Housing (NOAH) conversion
- Current 2-bedroom rents average ~$1,152, while market comparables exceed $2,200 — presenting over 88% 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
- 38% 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, significant ADU potential
PROPERTY FACTS
| No. Units | 16 | Property Size | 14,308 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 3 |
| Costar Property Class | C | Year Built | 1969 |
| Total Plot Size | 0.30 ac | ||
| Use Class | RD1.5-1-0-CPIO - residential | ||
| No. Units | 16 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Costar Property Class | C |
| Total Plot Size | 0.30 ac |
| Property Size | 14,308 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built | 1969 |
| Use Class | RD1.5-1-0-CPIO - residential |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 5053-012-034 | Improvements Assessment | £167,343 |
| Land Assessment | £43,373 | Total Assessment | £210,716 |
PROPERTY TAXES
Parcel Number
5053-012-034
Land Assessment
£43,373
Improvements Assessment
£167,343
Total Assessment
£210,716
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