Est. cap rate

2.6%

Assumed rent, all units

$5,720/mo

Units

2

Price per unit

$650,000

Est. annual NOI

$34,320

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

4

Bathrooms

3

Building size

2,142 sqft

Lot size

7,281 sqft

Year built

1921

Stories

1

Garage spaces

2

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

0

MLS #

243846606

About this property

800 & 802 N Hobart Blvd presents a rare opportunity to own a character-filled duplex in the heart of Los Angeles' highly sought-after Melrose Hills neighborhood. Combining classic architecture, income potential, and an unbeatable central location, this property offers the versatility today's buyers are searching for. The front residence (800) features approximately 1,400 square feet with 3 bedrooms and 2 bathrooms, offering spacious living areas, abundant natural light, and the timeless charm that defines classic Los Angeles homes. The rear residence (802) includes approximately 740 square feet with 1 bedroom and 1 bathroom, creating an ideal setup for rental income, multi-generational living, a private guest residence, or a dedicated work-from-home space. Each home enjoys the convenience of its own private garage and separate living quarters, providing privacy and functionality rarely found in urban properties. Both residences are equipped with solar systems, offering added energy efficiency benefits. Positioned just minutes from Hollywood, Larchmont Village, Koreatown, Downtown Los Angeles, and some of the city's most celebrated restaurants, entertainment venues, shopping destinations, and nightlife, this location places the very best of Los Angeles at your doorstep. Whether you're looking to offset your mortgage by renting one unit while living in the other, create a comfortable setup for extended family, or acquire a prime investment property in a high-demand rental market, this duplex delivers exceptional flexibility and long-term value. Opportunities like this are increasingly difficult to find in such a desirable Los Angeles location. A true Melrose Hills gem offering charm, convenience, and endless potential.

Location

800 N Hobart

Los Angeles, Los Angeles, CA, 90029