Property listed by Growth Investment Group Pasade, Justin McCardle 310-606-0192
$1,470,000
846 N Harvard Boulevard is a compelling opportunity to acquire a classic Spanish-style four-unit property in the heart of East Hollywood and Melrose Hill neighborhood. Built in 1924, the property consists of four large one-bedroom, one-bathroom residences totaling approximately 3,632 square feet on an approximately 5,249-square-foot lot. A key feature… Read More of the offering is that one unit will be delivered available, creating immediate flexibility for either an owner-occupant or value-add investor. An owner-user has the opportunity to move into and renovate the residence to their own taste while benefiting from rental income generated by the property’s three remaining units. Alternatively, an investor can immediately renovate and reposition the vacant unit, establishing a higher rental benchmark while continuing to collect income from the occupied units. The property’s classic 1920s Spanish architecture provides character increasingly difficult to replicate in newer multifamily construction. The residences feature approximately 900-square-foot floor plans, with original architectural details and generous living spaces providing an excellent foundation for thoughtful renovation and long-term repositioning. Garage parking serving two of the four units further enhances the property’s functionality and appeal in this centrally located Los Angeles neighborhood. Located in East Hollywood, 846 N Harvard Boulevard benefits from a highly central location with convenient access to Hollywood, Larchmont Village, Los Feliz, Koreatown, Silver Lake and Downtown Los Angeles. The surrounding neighborhood offers a dense mix of employment, dining, retail and entertainment destinations, supporting continued demand for well-located rental housing. Whether acquired by an owner-occupant looking to begin investing in real estate while offsetting housing costs, or by an investor seeking a character-rich multifamily asset with immediate value-add potential, this property offers a distinctive combination of flexibility, income, architectural character and long-term upside. Read Less
Listing Snapshot
Days Online
20
Last Updated
Property Type
Quadruplex
Lot Size
0.12 Acres
Year Built
1924
MLS Number
AR26200044
Additional Details
Building
Built in 1924, 1 building, 2 stories, Entry level: 1, Entry location: Ground Floor
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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