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$4,050,000
Est. payment /mo
11,797 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,797 sqft
Price per Sqft $343
MLS Listing ID CL25565269
HOA Y/N No
Year Built 1965
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Other
Property Description
Rare opportunity to acquire 423 N Harvard Blvd, a 16-unit value-add property ideally located in one of Los Angeles' most vibrant and rapidly evolving neighborhoods. Situated at the intersection of Beverly Boulevard and Western Avenue, this asset is positioned within close proximity to Koreatown, Hancock Park, Larchmont Village, Hollywood, and Silver Lake areas known for their high demand and consistent growth. Originally constructed in 1965, this two-story building spans approximately 11,797 square feet on a 14,373 square foot lot. The Property has been meticulously maintained and upgraded by the current owner, who has held the property for nearly 23 years, yet still offers substantial potential for further value enhancement. This asset is being sold with RTI (Ready to Issue) permits for four Accessory Dwelling Units (ADUs), presenting a significant opportunity to increase rental income (buyer to verify). 423 N Harvard Blvd offers investors a rare value-add opportunity with substantial upside potential. The property boasts a well-maintained unit mix of (10) one-bedroom, one-bath units, (3) two-bedroom, one-bath units, and (2) two-bedroom, two-bath units. Four units are currently vacant. Significant upgrades have already been made, including high-end finishes, modern flooring, rem
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5521025021
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Listed by Janet Neman • Kidder Mathews of California, Inc.
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