Est. cap rate

1.6%

Assumed rent, all units

$3,960/mo

Units

2

Price per unit

$725,000

Est. annual NOI

$23,760

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

2

Building size

1,990 sqft

Lot size

6,653 sqft

Year built

1957

Stories

1

Garage spaces

3

Style

Modern,Contemporary

Heating

Central

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

4

MLS #

247868994

About this property

Two beautifully executed homes Delivered Vacant. One private, gated compound. A rare level of flexibility in one of central Los Angeles' most dynamic residential pockets. Set along a wide, quiet street in the West Adams/Jefferson Park area, this offers something increasingly hard to find: two completely detached, thoughtfully renovated residences on one expansive lot, each with its own privacy, function and identity. The property has been shaped with an unusual level of care. Rather than a quick renovation, the homes feel considered, with clean architectural lines, warm custom finishes, upgraded kitchens and baths, open living spaces, abundant natural light and a cohesive design language throughout. The result is a pair of residences that feel polished, current and genuinely turnkey. The front residence offers 2 bd and 1 bath, while the separate rear residence features 3 bd and 3 baths, creating two distinct and independent living environments. Separate addresses and individual meters add another layer of flexibility, making the property equally compelling as a private compound, an owner-user opportunity or a long-term investment. What separates Hobart is everything beyond the two homes. Behind the gates are generous off-street parking, private outdoor areas, low-maintenance grounds and approximately 660 square feet of additional garage and flex space. Currently providing substantial utility for workspace, business operations and storage, this structure opens an entirely different set of possibilities: studio, office, gym, creative space, workshop or potential future residential conversion, subject to applicable approvals. For multigenerational living, the configuration offers true independence under one ownership. An owner-user can live in one residence while the second creates meaningful rental income. Investors gain two detached, individually metered homes plus additional value-add potential. Entrepreneurs and creatives will appreciate the rare combination of residential space, secure parking and dedicated workspace. The location completes the story. Positioned within the West Adams and Jefferson Park community, the property sits in one of Los Angeles' most distinctive residential pockets, with convenient access to USC, Exposition Park, Downtown Los Angeles, Westside. This is far more than a traditional duplex. It is a thoughtfully designed two-home compound with multiple ways to live, work, generate income and grow into the property over time.

Location

3009 S Hobart Boulevard

Los Angeles, Los Angeles, CA, 90018