2067 S HOBART
LOS ANGELES, 90018
A Newly Restored 8-Suite Historic Mansion
We are proud to present this unique turnkey income property with an exceptionally attractive cap rate of 4.42 percent. This West Adams Heights Mansion is a Historic Cultural Monument designed by the iconic Early 20th Century “Millionaire’s Architect,” Fredrick Roehrig. The Mansion sits in a gorgeous, quiet pocket comprised of Early 20th Century Mansions. It was fully and tastefully restored and remodeled into 8 suites in 2019 resulting in a functional income property with high quality finishing. All suites are fully occupied with great tenants; a private kitchen and bathroom comes with each suite.
Features include brand new installation on the exterior and roof; a cost/energy efficient zone-controlled central air HVAC system, plumbing, and electrical; 2 huge water heaters with an eco-friendly circulatory pump system and timer; and Smart House systems with speakers and more. The amazingly structured basement comes with an exterior entrance and is ready to be converted into a recreation room with a built-in wine cellar. The property has 9.5 parking spaces plus 2 street parking permits and a big walkway to park an additional 10 motor bikes.
This architectural dream combines a historical monument with a modern and sustainable hybrid twist that makes this property a unique work of art. Profit will be generated immediately after purchasing. Take advantage of upside potential by developing a 1,400 SF ADU in the back and increase the gross income to a potential $260,000+ per year. This rare opportunity won’t last long- You must come and see it to truly appreciate it!
Take a look inside through the video tour!