1071 S Crescent Heights Boulevard, Los Angeles, California 90035, Los Angeles, 90035 - 0 bed, 0 bath
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Los Angeles, California 90035
This Spanish Duplex Asset is listed at $1,775,000, representing a high-demand acquisition in the Carthay Square HPOZ. Reflecting a location premium over the $1,623,132 Fair Market Value, the valuation accounts for the rare ADU Development Potential on the 6,505 SF lot and a solid Condition Rating of 4. The property features two 1,700+ SF units with updated electrical and original 1930s aesthetics. Proximity to top-tier schools like Beverly Hills High School (9/10) and Horace Mann (8/10) secures long-term rental demand. This is a strategic play for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1071 S Crescent Heights Boulevard Subject | $1,775,000* List Price | 0 | 0 | 3,587 | $474 | - |
A 1026 S Crescent Heights Pending | $1,998,000 List Price | 6 | 4 | 4,007 | $499 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1933, this Spanish duplex is well-maintained and retains significant historical charm, but it lacks recent comprehensive renovations. While the exterior and grounds appear in good condition, the interior features original decorative tiling in the kitchens and bathrooms and older wood-frame windows which are considered outdated by modern standards. The property has received some functional updates, such as electrical subpanels and in-unit laundry, but the overall aesthetic and fixtures reflect a property that has been maintained through regular upkeep rather than modernized.
High School: Beverly Hills High School (9/10).
Located in the prestigious Carthay Square HPOZ, this 1933 Spanish duplex retains its original character with decorative tiling and spacious 3-bedroom layouts, offering high desirability in a prime Los Angeles pocket.
The R2-1-O zoning and lot configuration provide a significant value-add opportunity for the construction of Accessory Dwelling Units (ADUs) in the rear, allowing for increased density and rental income.
The property's location within a Historic Preservation Overlay Zone (HPOZ) imposes strict guidelines on exterior alterations, which may increase the cost and complexity of future renovations or repairs.
The property is sold fully occupied, which may present challenges for owner-users seeking immediate occupancy or investors looking to quickly adjust rents to current market rates under local rent stabilization ordinances.
Presenting an exceptional Spanish Duplex located in the heart of Carthay Square, perhaps one of the most architecturally significant areas in all of Los Angeles. 1071-73 Crescent Heights Boulevard is a 3,587 SF property, comprised of two 3-Bedroom units averaging over 1,700 SF per unit. Built in 1933, this charming duplex property exudes timeless 1930s appeal. Zoned R2-1-O-HPOZ, it is positioned within the dynamic landscape of Los Angeles, with the potential for Accessory Dwelling Units to be constructed in the rear (Buyer to Verify). This property embodies historical charm, making it an attractive proposition for the astute investor seeking a prime asset in such a finely-appointed pocket of Los Angeles. Both units feature spacious layouts, original decorative tile in the kitchens and bathrooms true to the property's 1930s roots - along with updated electrical subpanels and in-unit Washer/Dryers. The property is fully-tenanted and will be delivered as such.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,587 | 2,250 |
| Lot Size | 6,505 | 5,864 |
| Price | $1.77M | $826.7K |
| Price per sq ft | $495 | $395 |
| Built year | 1933 | 1925 |
| HOA | $0 | $0 |
| Days on market | 114 | 83 |
Mar 30, 2026
$1,775,000
Initial Listing