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    1639 N Harvard Boulevard

    Los Angeles, CA 90027
    • $1,600,000
    • STATUS: ACTIVE
    • ON SITE: 147 days
    • ID#: 302648292
    UPDATED: 210 min ago
    $1,600,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1931
    County:

    School Ratings & Info

    Description

    NEW YEAR SPECIAL! LOCATION! ONE UNIT VACANT! Seller will consider carrying 1st! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing exciting new developments. Highest CAP rate in the area - 5.86%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style NEW YEAR SPECIAL! LOCATION! ONE UNIT VACANT! Seller will consider carrying 1st! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing exciting new developments. Highest CAP rate in the area - 5.86%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style (bi-level) units all 2 bedroom and 1.5 baths. Rear structure is a duplex (1,554 sq ft) - each unit 2 bedrooms / 1 bath. Property zoned RD1.5 for the perfect re-development opportunity! TOC Tier 3 - allows 70% density bonus. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways, less than 3.5 miles to Griffith Observatory and only 1 mile away from the Hollywood Walk of Fame. Well maintained property with low maintenance and long-term tenants. Need to complete a 1031 exchange? Look no further. Start collecting income right away! Great for seasoned investor or first time buyer. Property will be delivered occupied (4 out of 5 units) with existing tenants. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS! Listing info deemed reliable, but not guaranteed. No warranties expressed or implied. Buyer to satisfy themselves on all aspects.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.carriefilla.com/homes/109468387
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    1639 N Harvard Boulevard Los Angeles, CA 90027

    • Price: $1,600,000
    • Status: ACTIVE
    • Updated: 210 min ago
    • ID#: 302648292
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1931
    Built
    Neighborhood:
    Los Angeles (90027)
    County:
    Los Angeles
    Area:
    Los Angeles (90027)
    Property Description
    NEW YEAR SPECIAL! LOCATION! ONE UNIT VACANT! Seller will consider carrying 1st! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing exciting new developments. Highest CAP rate in the area - 5.86%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style NEW YEAR SPECIAL! LOCATION! ONE UNIT VACANT! Seller will consider carrying 1st! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing exciting new developments. Highest CAP rate in the area - 5.86%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style (bi-level) units all 2 bedroom and 1.5 baths. Rear structure is a duplex (1,554 sq ft) - each unit 2 bedrooms / 1 bath. Property zoned RD1.5 for the perfect re-development opportunity! TOC Tier 3 - allows 70% density bonus. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways, less than 3.5 miles to Griffith Observatory and only 1 mile away from the Hollywood Walk of Fame. Well maintained property with low maintenance and long-term tenants. Need to complete a 1031 exchange? Look no further. Start collecting income right away! Great for seasoned investor or first time buyer. Property will be delivered occupied (4 out of 5 units) with existing tenants. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS! Listing info deemed reliable, but not guaranteed. No warranties expressed or implied. Buyer to satisfy themselves on all aspects.
    Exterior Features

    Parking Garage Desc Unit1 Gated Pool N/K Site CurbsSidewalks Spa N/K

    Interior Features

    Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 2

    Property Features

    Actual Cap Rate 5.86 Annual Expense Actual 28400 Buildings 2 Gross Rent Multiplier Actual 13.09 Gross Scheduled Income Actual 122190 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms CashConventionalExchangeSeller May Carry Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 0.0 Unit2 Rent Actual 2000.0 Unit3 Rent Actual 1732.0 Unit4 Rent Actual 1600.0 Zoning Public Rec

    Listing provided courtesy of Castillo Realty Group, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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