3974 S Harvard Boulevard, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE$1,325,000
3974 S Harvard Boulevard, Los Angeles, California 90062
0Bed
0Bath
2,924Sqft
5,982Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential & Vacancy: Three of the four units are completely remodeled and will be delivered vacant, offering immediate rental income potential at market rates and flexibility for the new owner.
Top Cons:
Property Age & Potential Deferred Maintenance: Built in 1923, the property is over a century old, which may imply potential for underlying issues or deferred maintenance in common areas or the unremodeled unit, despite recent upgrades.
Compared to the nearby listings
Price:$1.32M vs avg $927.5K (+$397,500)78%
Size:2,924 sqft vs avg 2,313 sqft61%
Price/sqft:$453 vs avg $41567%
More Insights
Built in 1923 (102 years old).
Condition: Despite being built in 1923, the property description explicitly states that 3 of the four units are 'completely remodeled' and will be delivered vacant. The provided images of the kitchen strongly support this, showcasing a virtually new, modern kitchen with white shaker cabinets, new countertops, a contemporary sink and faucet, and new flooring. The electrical outlets and plumbing for in-unit laundry also indicate recent, high-quality upgrades. Additionally, brand new solar panels have been installed. These extensive renovations bring the condition of the majority of the property to an excellent standard, meeting current quality standards with components that are new or virtually new.
Year Built
1923
Close
-
List price
$1.32M
Original List price
$1.32M
Price/Sqft
$453
HOA
-
Days on market
-
Sold On
-
MLS number
DW25202611
Home ConditionExcellent
Features
ViewNeighborhood
About this home
Amazing 4 unit property ready for its new owner. Each unit is a 2 bedroom 1 bath. 3 of the four units are completely remodeled and will be delivered vacant. Conveniently located near schools and local shops. This property has many possibilities perfect for student housing with USC just a short 5 minute drive away LAFC and exposition park are also in close proximity. An additional bonus is that the seller has just installed brand new solar panels on the back new units that are paid off! Also, there is a long driveway that fits four to five cars comfortably. Due to its location this property qualifies for many down payment assistant programs and government grants. Please reach out to schedule a showing. This property is priced to sell and won't last long.
Price History
Date
Event
Price
07/30/99
Sold
$108,500
09/11/97
Sold
$165,000
09/11/97
Sold
$100,000
12/26/24
Sold
$660,000
Condition Rating
Excellent
Despite being built in 1923, the property description explicitly states that 3 of the four units are 'completely remodeled' and will be delivered vacant. The provided images of the kitchen strongly support this, showcasing a virtually new, modern kitchen with white shaker cabinets, new countertops, a contemporary sink and faucet, and new flooring. The electrical outlets and plumbing for in-unit laundry also indicate recent, high-quality upgrades. Additionally, brand new solar panels have been installed. These extensive renovations bring the condition of the majority of the property to an excellent standard, meeting current quality standards with components that are new or virtually new.
Pros & Cons
Pros
High Income Potential & Vacancy: Three of the four units are completely remodeled and will be delivered vacant, offering immediate rental income potential at market rates and flexibility for the new owner.
Strategic Location for Rental Demand: Situated a 5-minute drive from USC, making it highly attractive for student housing, and in close proximity to major attractions like LAFC and Exposition Park.
Significant Energy Efficiency Upgrade: Equipped with brand new, paid-off solar panels on the back units, providing substantial utility cost savings and enhancing long-term property value.
Valuable Off-Street Parking: Features a long driveway capable of comfortably accommodating 4-5 vehicles, a premium and highly sought-after amenity in a dense urban environment like Los Angeles.
Buyer Financial Incentives: The property's location qualifies it for various down payment assistance programs and government grants, broadening the potential buyer pool and making it more accessible.
Cons
Property Age & Potential Deferred Maintenance: Built in 1923, the property is over a century old, which may imply potential for underlying issues or deferred maintenance in common areas or the unremodeled unit, despite recent upgrades.
Inconsistent Unit Condition: While three units are remodeled, one unit is not, suggesting a disparity in condition that could lead to lower rental income for that unit or require additional investment to match the others.
Ongoing Maintenance for Older Multi-Unit: As an older quadruplex, the property may incur higher ongoing maintenance and repair costs for its age-related systems and infrastructure compared to newer constructions.