Finite element analysis and experimental studies are presented on in-plane tensile and compressive properties under quasi-static loading for two types of hybrid composites made by using unidirectional T620S carbon and E-glass fabrics in a common matrix, epoxy resin. Results are also generated for plain T620S carbon/epoxy and plain E-glass/epoxy composite laminates. Quantitative data for tensile and compressive properties are presented. It is observed that for hybrid composites, placing carbon and glass fiber parts alternately in every layer (intralayer configuration) gives higher tensile and compressive strengths. Tensile failure strain is higher for intralayer compared to interlayer hybrid configuration.