512 N Harper Avenue, Los Angeles, California 90048, Los Angeles, 90048 - bed, bath

ACTIVE$1,840,000
512 N Harper Avenue, Los Angeles, California 90048
0Bed
0Bath
1,736Sqft
5,242Lot
Year Built
1925
Close
-
List price
$1.84M
Original List price
$1.84M
Price/Sqft
$1,060
HOA
-
Days on market
-
Sold On
-
MLS number
IV25141631
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.84M(50th), sqft - 1736(33th), beds - undefined(50th), baths - undefined(50th).
Location is the key for this classic duplex located near some of LA's most popular hot spots. Whether you're an investor, developer, or owner occupant, this property offers amazing potential. Close proximity to the Beverly Center, The Grove, Cedar Sinai, Melrose Avenue, Beverly Hills, and more! Featuring two- 2 bed, 1 bath units, a 5240 s/f lot, garages, and recently updated plumbing, electrical, and windows.
Nearby schools
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•0.3mi
7/10
Hancock Park Elementary School
Public,•K-5•0.9mi
9/10
West Hollywood Elementary School
Public,•K-5•1.2mi
5/10
Carthay Center Elementary
Public,•K-5•1.5mi
3/10
Laurel Elementary School
Public,•K-8•0.7mi
8/10
Horace Mann Elementary School
Public,•K-8•1.3mi
8/10
Beverly Vista Elementary School
Public,•K-8•1.8mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.9mi
7/10
John Burroughs Middle School
Public,•6-8•2.2mi
7/10
Fairfax Senior High School
Public,•9-12•0.5mi
9/10
Beverly Hills High School
Public,•9-12•2.7mi
Condition Rating
Fair
Built in 1925, this duplex features recently updated plumbing, electrical, and windows, which are significant improvements for a property of this age. However, the kitchen and bathrooms are notably dated in style and features. The kitchens have older appliances, traditional painted cabinets, tiled countertops, and linoleum flooring, indicating they have not undergone a major renovation in many years. The bathrooms, while functional, also show older tiling and basic fixtures. While the core systems have been addressed, the cosmetic condition of key areas requires substantial updating to meet current standards, aligning with the 'Fair' category's description of requiring minor updates or repairs, and having major components that are functional but show signs of being outdated.
Pros & Cons
Pros
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Location: Strategically located near major Los Angeles hotspots including Beverly Center, The Grove, Cedar Sinai, Melrose Avenue, and Beverly Hills, offering high demand and appreciation potential.
Income-Generating Duplex: Comprises two distinct 2-bedroom, 1-bathroom units, providing immediate rental income opportunities for investors or a live-in owner with supplementary income.
Versatile Investment Potential: Appeals to a broad range of buyers, including investors, developers, and owner-occupants, due to its inherent flexibility and potential for various real estate strategies.
Key System Updates: Recent upgrades to plumbing, electrical systems, and windows reduce immediate capital expenditure needs and enhance the property's overall condition and appeal.
Development/Expansion Opportunity: The 5240 sqft lot in a desirable area presents significant potential for future expansion, redevelopment, or maximizing density, particularly attractive to developers.
Cons
Historic Property Age: Built in 1925, the property's age may necessitate ongoing maintenance or further modernization beyond the recently updated systems to meet contemporary standards.
Limited Bathroom Count: Both units feature a 2-bedroom, 1-bathroom configuration, which might be less competitive or desirable for certain modern renters or owner-occupants seeking additional bathrooms.
Unspecified HVAC/Cooling: The property description does not mention the presence or condition of a central heating, ventilation, and air conditioning (HVAC) system, which is a critical comfort feature in Los Angeles.


















