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$ 11,995,000
Est. payment | /mo
45 Beds
45 Baths
19,922 SqFt
$ 11,995,000
Est. payment | /mo
45 Beds
45 Baths
19,922 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 19,922 sqft
Price per Sqft $602
MLS Listing ID 25563185
Bedrooms 45
HOA Y/N No
Year Built 2024
Lot Size 0.275 Acres
Property Description
1525 N. Hobart Blvd is ideally positioned in the heart of Hollywood, one of Los Angeles' most dynamic and recognizable neighborhoods.Situated just north of Sunset Blvd and east of Western Ave, the property is surrounded by a thriving urban environment that combines historic charm with contemporary growth. Residents benefit from walkable access to an eclectic mix of restaurants, entertainment venues, grocery stores, and neighborhood-serving retail. The area has experienced significant redevelopment over the past decade, driven by both public and private investment. Hollywood continues to attract a wave of creative professionals, students, and young urban renters, thanks to its proximity to major employment hubs such as Netflix, Paramount Pictures, and Emerson College. The nearby Hollywood/WesternMetro Station connects residents to Downtown Los Angeles, Koreatown, and the San Fernando Valley via the Metro B Line (Red), providing strong transit connectivity. An exceptional feature of this property is its location within a designatedEnterprise Zone. This classification offers substantial economic incentives to businesses and property owners operating within the zone. These benefits may include: State and local tax credits, Hiring credits for employing qualified workers, Sales tax credits on equipment purchases, Accelerated depreciation deductions, Permit and fee reductions or rebates. These incentives are designed to stimulate private investment, job creation, and revitalization in key areas. For investors or developers, the EnterpriseZone status can reduce operating costs, enhance the value proposition of any capital improvement plans, and provide a competitive edge when marketing units to local businesses and tenants. Hollywood's rental market remains strong due to consistent demand from entertainment professionals, healthcare workers, and students attending nearby institutions such as Los Angeles City College and American FilmInstitute. The area's unique combination of historic architecture and modern amenities continues to attract tenants looking for central access and walkability. 1525 N. Hobart Blvd represents a rare opportunity to own a multifamily asset in a high-demand core Los Angeles location with the added benefit of long-term upside potential supported by local tax incentives and continuous neighborhood growth.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Underground
Total Parking Spaces 33
Building
Story 4
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5544019014
Special Listing Condition Standard
Listed by Jeffrey Louks Marcus & Millichap
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Karen Dye
Broker-Associate | Lic# 01329918