400 N Harvard Blvd, Los Angeles, CA 90004

$1,050,000
6
BD
3
BA
2,581
SqFt
List Price
$1,050,000
MLS#
24-391959
Year Built
1920
Bedrooms
6
Bathrooms
3
Living Sq. Ft
2,581
Lot Size
7,500
Days on Market
13
Property Type
Multifamily
Stories
1

Property Description

In a prime Hollywood location, this property boasts a duplex - 400 N Harvard Blvd and a single-family - 4461 Oakwood Ave residence spread across two parcels, offering a unique investment opportunity. Ideal for an astute investor, this setup allows for living in the single-family residence while renting out the duplex, thereby mitigating mortgage expenses. The vibrant neighborhood of Hollywood provides access to a plethora of amenities, entertainment options, and employment prospects, making it an attractive choice for residents and investors drawn to its iconic landmarks and lively nightlife. With ongoing housing shortages and regulatory trends favoring density for low-income housing, this property stands to gain from its combined lot size, corner-lot positioning, and underlying LAR3 zoning. The potential for future development is notable, offering buyers the chance to verify development possibilities. Additionally, as Hollywood experiences heightened demand for housing, there's approximately 69% upside potential for rentals. This surge in demand, coupled with the property's unique configuration, presents various exit strategies for investors, including the option to separate and sell the duplex and single-family residence individually in the future.

Additional Information

Other Buildings
None
Heat
None
Cooling
None
Number of Cars in Garage
Uncovered

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow - CA DRE#01933858

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