Laura Jewett

Laura Jewett

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Active

$1,150,000

($967,750 down)
FHA

800 N Hobart Boulevard, Los Angeles, CA 90029

4
3
2,142 sqft
PITI Monthly
$1,514.14 /mo

Listing courtesy of: John Ha, MUTOOF®

Assumed Rate

3.41%
7.15%

Principal & Interest

$1,119 /mo
$1,702 /mo

What's Special

LOCATION
SHOPPING
EFFICIENT

We are pleased to present 800 N Hobart Blvd, Los Angeles, CA 90029. Duplex on over 7,280 SF lot in the heart of Melrose Hill. Huge value-add opportunity and huge upside in rents. Upside redevelopment potential TOC (Transit Oriented Communities) Tier 2 location that allows increased residential density (RD1.5-1XL zoning). Newly updated interior. 2.94 kW roof mounted photovoltaic solar system on both the main house and back unit which efficiently reduces electricity bills. Sub-metered. Walk Score of 90 (Walkers Paradise). Excellent location near the major transit stops, highways (US-101 & SR-2) and shopping centers. Just two miles west of Hollywood, and five miles east of Downtown L.A. The subject property consists of total two (2) units totaling 2,142 SF on a sizable 7,281 SF lot. Mix of total one (1) 3beds/2baths unit and one (1) 1bed/1bath unit. The duplex property is being sold "as-is." DO NOT DISTURB TENANTS. Please submit an offer with POF. Shown upon accepted offer. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.41
Remaining Loan Term
18 years, 0 months
Monthly PITI
$1,514.14/mo
Estimated Loan Balance
$182,850
Cash to close
$967,750
Interest Paid
$89,574

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Unknown
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: SeeRemarks

Construction

Type & Style
  • Stories: 0
  • Home type:
  • Architectural Style: Craftsman
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1921
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $536.88
  • Tax Annual Amount: $14375
  • On Market Date: 2024-12-19T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $967,750 (84%)
You can enter any amount below - secondary financing will cover the difference if needed.
84%
$

You cover the entire equity of $967,750!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.41% Sellers Rate
$182,250
Your Cash:$967,750
Total Purchase Price:$1,150,000

Assumed vs Traditional Mortgage

Assumed @ 3.41%
$1,119/mo
Traditional @ 7.5%
$1,765/mo
You save $647/month ($7,758/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 24473795

Listing From:

Last updated: 2025-04-04T06:00:25.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.41%
7.15%

Principal & Interest

$1,119 /mo
$1,702 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $967,750 (84%)
You can enter any amount below - secondary financing will cover the difference if needed.
84%
$

You cover the entire equity of $967,750!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.41% Sellers Rate
$182,250
Your Cash:$967,750
Total Purchase Price:$1,150,000

Assumed vs Traditional Mortgage

Assumed @ 3.41%
$1,119/mo
Traditional @ 7.5%
$1,765/mo
You save $647/month ($7,758/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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