1561 1/2 S Harvard Blvd

Los Angeles, CA 90006 View Map $1,550,000 Schedule a Tour
Sq.Ft. Lot6,874
Year1923
Steve Nader

Steve Nader

(562) 370-1000
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:PW21001757
On Site:108 Days
Lot Size:6,874 Sq. Ft.
County:Los Angeles
ADU value add potential. Come see this gem located in the thriving historic Harvard Heights HPOZ (Historic Preservation Overlay Zone) neighborhood. FOUR UNITS with tremendous rental upside and value add potential. LOTS of PAKING! 4 car garage and 4 parking spaces. Convert or build your ADU on top of garages (buyer to verify with city of LA)

Brand new exterior paint (building and garages). Tastefully brand new remodeled 3 bedroom, 2 bath ready to move-in for a savvy investor owner-occupant - New floors, new paint, new kitchen, new bathrooms, new LED recessed lights, electrical switches, outlets. Potential to easily copy the already remodeled units, and create 2 more 3/2 units. Property is located couple blocks from presitgious Loyola High School. Close to Staples Center and USC. Centrally located between the growth markets of Koreatown, DTLA and Mid Cities.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:1561 1/2 S Harvard Blvd Los Angeles, CA 90006
Zip Code:90006

Architecture

Year Built:1923
Number of Buildings: 1
Total Units: 4
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,178 actual rent•$1,178 total rent•$2,750 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,135 actual rent•$1,135 total rent•$2,750 pro forma
Unit 3: 1 Unit•3 Beds•2 Baths•Unfurnished•$2,357 actual rent•$2,357 total rent•$2,750 pro forma
Unit 4: 1 Unit•3 Beds•2 Baths•$2,750 pro forma
Garage Spaces: 4.0
Parking Features: Assigned
Open Parking Spaces: 4.0
Parking Total: 8.0

Features / Amenities

Common Walls: 2+ Common Walls

Property Features

Lot Size: 0.16 Acres / 6,874 Sq. Ft.
Lot Features: Paved
Sewer: Public Sewer
Water: Public
Directions:Venice Blvd to Harvard Blvd.

Tax and Financial Info

Contingency: no seller contingencies.
Gross Income: $89,040
Gross Scheduled Income: $89,040
Net Operating Income: $67,552
Insurance Expense: $2,000
New Taxes Expense: $15,888
Trash Expense: $1,200
Water/Sewer Expense: $2,400
Operating Expense: $21,488
Terms: Item1031Exchange
Total Actual Rent:

Schools

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1561 1/2 S Harvard Blvd Los Angeles, CA 90006
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1561 1/2 S Harvard Blvd Los Angeles, CA 90006
 
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Listing provided courtesy of Vlad Rodov, Coldwell Banker Coastal Alliance.
Based on information from California Regional Multiple Listing Service, Inc. as of June 13, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.