Description
We are pleased to present 423 N Harvard, a 16-unit apartment building located near Western and Beverly Blvd, on the border of Hollywood and Koreatown. The owner has plans to build four 1-bedroom/1-bath ADUs, which could increase rental income to $441,204 and cap rate to 5.5%. The total cost of about $300,000 to build four ADUs could generate an additional rent of $9,450 per month. It can take each homeowner about 36 months to recoup the cost of building an ADU. See pages 23 to 27 for ADU estimates and drawings. The current building was built in 1965, and includes three 2-bedroom/2-bathroom units, three 2-bedroom/1-bathroom units, and 10 1-bedroom/1-bathroom units. Ten of the 16 apartments have been professionally renovated over the past six years with various upgrades such as new appliances, quartz kitchen and bathroom counters, porcelain tiles and new windows. Each apartment has its own gas and electricity meter and each apartment has private or parallel parking with a garage. The building also underwent a seismic renovation in 2021. The property is centrally located to countless restaurants, entertainment and hotels and is a short walk from the famous Hollywood Walk of Fame, Paramount Studios , Netflix, Larchmont and Hollywood Bowl briefly. The ease of access to Hollywood, Downtown Los Angeles, and other LA hubs is second to none!
Property Details
- Property ID: #36
- Property Type: N/A
- Area: 11,797.00
- Livable Area: 0.00 Sq Ft
- Property Price: $ 5,250,000.00
- Structure: Houses / Interiors / Housing
- Sub Structure: Houses
- Age: N/A
- Built In: N/A
- Country: USA
- State: California
- City: Los Angeles
- Postal Code: 90004
- Face: N/A
- Price Negotiable: yes
- Total Floor: N/A
- Property on Floor: N/A
- Floor: N/A
Interior Features
- Beds: N/A
- Bathroom: N/A
- Laundry: N/A
- Furnishing: N/A
Exterior Features
- Architectual Style: N/A
- Roof: N/A
- Construction Material: N/A
- Foundation: N/A
- New Construction: no
- Property Condition: N/A
Amenities
- Appliances
- Heating and Cooling
- Garage and Parking
- Land Info
- Rental Info
- Multi-Unit Info
- Homeowners Association
- Amenities and Community Features
- Other Property Info
- Commercial Info
- Building and Construction
- Utilities
Garage/Parking
- Total Parking: N/A
- Garage Space: N/A
- Parking Feature: N/A
Appliances
Utilities
- Heating Feature: N/A
- Cooling Feature: N/A
- Service: N/A
- Pet Policy: N/A
Lot Info
- Lot Size: N/A
- Lot Feature: N/A
What's Nearby
Location
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