Investment Overview

Marcus and Millichap is pleased to present a five (5) unit apartment building located at 825 N Hobart Blvd in Los Angeles, California. The subject property is located in a prime Hollywood location, north of Melrose Avenue and east of Western Avenue. Built in 1924 and fully renovated in 2025 with two brand new ADUs, this property consists of an excellent unit mix of four (4) two-bedroom units and one (1) five-bedroom unit. Each unit was gut renovated with brand-new flooring throughout, complementing the modern kitchen with stainless steel appliances, ample storage, and sleek finishes. These units also offer the convenience of an in-unit washer and dryer and a climate control air conditioning system. The newly renovated bathrooms showcases chic features, perfectly complementing the unit’s modern aesthetic. The property is gated and secured while also offering on-site parking spaces. Nestled in a strong Hollywood Location, this offering presents an excellent opportunity for any investor to capitalize on a newly renovated multifamily building with a great initial cap rate of 6.69%.