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423 N. Harvard Blvd Los Angeles, CA 90004

423 N Harvard Blvd - Building Photo

Property Details

Address:              423 N. Harvard Blvd

Price:                    $4,995,000

Property Type:     Multifamily 

Lot Size:               14,373 SF

Location:        Hollywood/Koreatown

Building Size:        11,797 SF

Number of Units:  16

Zoning:                  LAR3

Mayelian Group is pleased to present 423 N Harvard, a 16-unit building situated near Western and Beverly Blvd, bordering Hollywood and Koreatown. Built in 1965, the building consists of three 2 bedroom/2 bath units, three 2 bedroom/1 bath units, and ten 1 bedroom/1 bath units. Seismic Retrofit was completed in 2021. Cost recovery for the seismic retrofit will add an additional $400 in monthly rental income. Purchase price includes completed plans for the construction of four 1 bedroom/ 1 bath ADU's. The ADUs could enhance the rental income from $337,433 to $450,857. See pages 23-27 for ADU estimate and drawings. 10 of the 16 units have been expertly renovated in the last six years with various upgrades such as new appliances, quartz kitchen and bathroom countertops, porcelain tiles, and new windows. Each unit is separately metered for gas and electric and each unit has individual or tandem carport parking. The subject is centrally located to endless dining, entertainment, hotels, and a short distance from the World Famous Hollywood Walk of Fame, Paramount Studios, Netflix, Larchmont, and Hollywood Bowl. The ease of access to Hollywood, Downtown LA, and other hubs of Los Angeles is incomparable!

Contact Information

Anie Mayelian
(818) 915-9118

Aleen Mayelian

Phone: (818) 915-9118

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