1561 1/2 South Harvard Boulevard

Los Angeles, CA 90006

$1,575,000
Price
8
Beds
4
Baths
4,160 Sq. Ft.
$379 / Sq. Ft.
4,160
Sq. Ft.
$379
per Sq. Ft.

Description

Significant price adjustment! All units occupied and generating stable income. Investment opportunity in Harvard Heights HPOZ (Historic Preservation Overlay Zone) neighborhood. Multi-family building with 4 large units (approximately 1,000 sf each) with potential upside in rent. Two units are 3 bedroom and 2 bathroom. Two units are 2 bedroom and 1 bathroom, and could be remodeled consistent with the other units. All units have their own washer and dryer. Garage parking plus plenty of parking spaces...Significant price adjustment! All units occupied and generating stable income. Investment opportunity in Harvard Heights HPOZ (Historic Preservation Overlay Zone) neighborhood. Multi-family building with 4 large units (approximately 1,000 sf each) with potential upside in rent. Two units are 3 bedroom and 2 bathroom. Two units are 2 bedroom and 1 bathroom, and could be remodeled consistent with the other units. All units have their own washer and dryer. Garage parking plus plenty of parking spaces behind the main building. Large lot and garage provides space for conversion or construction of an ADU. Convenient commute to Koreatown, downtown LA, shopping and restaurants.
  1. Listed by Jason Paukovits • DRE #02016243 • Brokerage DRE #01350852 • Dream Realty & Investments Inc
  2. Listed by Lilian Han • DRE #02033985 • Brokerage DRE #01350852 • Dream Realty & Investments Inc

Property Details for 1561 1/2 South Harvard Boulevard

Zoning
LAR2
Parcel Number
5074009007
Total Units
4.0
Living Area
4160
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6876
LISTING UPDATED: 09/14/2024 07:18 AM

Property Details for 1561 1/2 South Harvard Boulevard

StatusActive
MLS #24-428405
Days on Market128
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.16 AC / 6,876 SF
CountyLos Angeles County

Building Information for 1561 1/2 South Harvard Boulevard

Stories2Residences-Year Built1923Building Size-Lot Size0.16 AC / 6,876 SF

Property Information for 1561 1/2 South Harvard Boulevard

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $97,000
  • Net Operating Income: $72,000.00
  • Gross Income: $97,000
  • Gross Rent Multiplier: $.00
  • Actual Rent Total: $97,000.00
  • Total Annual Expense: 25000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1579
  • Lot Size Square Feet: 6876
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage
  • Total Parking: 8
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 4
  • Parking Features: Driveway, Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Other, Wall/Window
  • Heating Type: Other
  • Equipment: Freezer, Dishwasher, Washer, Refrigerator, Range/Oven, Dryer, Microwave
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,475.00
  • Unit Actual Rent: $2,475.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,192.00
  • Unit Actual Rent: $1,192.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,237.00
  • Unit Actual Rent: $1,237.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $612,000.00
  • Assessed Improvement Percent: 37.5
  • Assessed Land Value: $1,020,000.00
  • Assessed Land Percent: 62.5
  • Assessed Total Value: $1,632,000.00

Property History for 1561 1/2 South Harvard Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1561 1/2 South Harvard Boulevard

Taxable ValueLand$1,040,400Additions$624,240Total$1,664,640
Tax Record2024$20,626 ($1,719 / month)
Home Facts
Total Finished SqFt4,160 SqFtAbove Grade Finished SqFt4,160 SqFtLot Size6,874 SqFtStyleQuadraplexYear Built1923ZoningLAR2CountyLOS ANGELESAPN5074-009-007

Schools near 1561 1/2 South Harvard Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 10
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Pio Pico Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1561 1/2 South Harvard Boulevard is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on August 15, 2024 by Dream Realty & Investments Inc, it's currently listed at $1,575,000. It has been on the market for a total of 128 days and was last sold on January 21, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Pio Pico Middle School and West Adams Preparatory High School. 1561 1/2 South Harvard Boulevard is a 8-bed, 4-bath, 4,160 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dream Realty & Investments Inc, Jason Paukovits, DRE #02016243; Dream Realty & Investments Inc, Lilian Han, DRE #02033985

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.