Address
1639 N Harvard Boulevard Los Angeles, CA
Price
$ 1,600,000
Property Attributes
  • MLS#IN20184350
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90027
  • StyleMulti Family
  • Price$ 1,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5241
Listing Provided Courtesy Of:
Bryan Castillo with Castillo Realty Group, Inc..
Property Description

LOCATION! 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 a major revitalization filled with exciting new developments. Highest CAP rate in the area - 5.26%! 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 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. Seller will consider carrying 1st! Property will be delivered occupied 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 and/or Buyer’s agent to satisfy themselves on all aspects.

Price History
9/5/2020 Listed $1,700,000
10/6/2020 6% - $1,600,000

General Features

Directions Hollywood Blvd / Harvard Blvd.
Listagentaor Inglewood
Listing Agent Bryan Castillo - BRE#01912834
Listing Agent State License 01912834
MLS Area C20 - Hollywood
Number of Units Leased 5
Price Per Square Foot 305.29
Property SubType Multi Family
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard
Total Units 5

Interior Features

Condo Area Unit Type Square Feet
Laundry Features Inside

Exterior Features

Building Area Total 5241.00
Lot Size Source Assessor
Number of Buildings 2
Total Parking 5.00
Uncovered Spaces 5.00
Water Source Private

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90027

Price
AVG $1.6M
$1.6M
Visits
AVG 58
57
Year Built
AVG 1931
1931
Walkscore
AVG 88
88
Data Provided by Walkscore ® not using MLS data

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