7015 S Harvard, Los Angeles, California 90047, Los Angeles, 90047 - 3 bed, 2 bath
ACTIVE$699,900$1,826/sqft
7015 S Harvard, Los Angeles, California 90047
3Beds
2Baths
1,826Sqft
5,499Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Historic Property Age: Built in 1927, the property is older and may require ongoing maintenance, updates, or renovations typical of historic constructions.
Compared to the nearby listings
Price:$699.9K vs avg $815.0K ($-115,100)21%
Size:1,826 sqft vs avg 1,904 sqft37%
Price/sqft:$383 vs avg $39142%
More Insights
Built in 1927 (99 years old).
Condition: Built in 1927, this property is nearly a century old with no indication of recent major renovations. The exterior shows signs of age, including a cracked driveway. While the description highlights its 'value-add' potential and 'below market value' rents, this strongly suggests that substantial repairs and rehabilitation are needed, particularly for major systems (electrical, plumbing, HVAC, roof) which are likely original or very outdated. Without interior photos, it's impossible to assess the kitchen and bathrooms directly, but given the property's age, they are almost certainly in need of complete modernization and significant upgrades.
Year Built
1927
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$383
HOA
-
Days on market
-
Sold On
-
MLS number
IV25280821
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Welcome to 7015 Harvard Blvd — a versatile duplex offering the perfect blend of investment potential and owner-occupant opportunity. The front unit features 2 bedrooms and 1 bath, while the rear unit offers 1 bedroom and 1 bath — each with its own detached garage, ideal for repurposing into ADUs to significantly increase future income. Current rents are below market value, creating immediate upside for the next owner. The seller intends to deliver one — and possibly both — units vacant, making this an outstanding opportunity for a buyer to live in one unit and rent the other, or reposition the property for maximum cash flow. Whether you’re an experienced investor or a first-time buyer with an investor’s mindset, this property checks all the boxes. The seller is motivated and ready to consider all serious offers, cash or otherwise. Don’t miss the chance to unlock the full potential of this value-add duplex in a desirable neighborhood.
R
ROBERT WATKINS
Listing Agent
Nearby schools
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.5mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.6mi
3/10
Budlong Avenue Elementary School
Public,•K-5•1.0mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•1.1mi
2/10
Western Avenue Elementary School
Public,•K-5•1.3mi
1/10
Horace Mann Junior High School
Public,•6-8•0.2mi
2/10
John Muir Middle School
Public,•6-8•1.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.0mi
9/10
Middle College High School
Public,•9-12•4.7mi
Price History
Date
Event
Price
07/15/22
Sold
$620,000
Condition Rating
Poor
Built in 1927, this property is nearly a century old with no indication of recent major renovations. The exterior shows signs of age, including a cracked driveway. While the description highlights its 'value-add' potential and 'below market value' rents, this strongly suggests that substantial repairs and rehabilitation are needed, particularly for major systems (electrical, plumbing, HVAC, roof) which are likely original or very outdated. Without interior photos, it's impossible to assess the kitchen and bathrooms directly, but given the property's age, they are almost certainly in need of complete modernization and significant upgrades.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Versatile Investment Opportunity: The duplex offers a perfect blend of investment potential and owner-occupant opportunity, appealing to a wide range of buyers.
Significant ADU Potential: Each unit features a detached garage, ideal for repurposing into Accessory Dwelling Units (ADUs) to substantially increase future income.
Immediate Rental Upside: Current rents are below market value, creating an immediate opportunity for the new owner to increase cash flow and maximize returns.
Flexible Vacancy Status: The seller intends to deliver one, and possibly both, units vacant, providing flexibility for owner-occupancy or strategic re-tenanting at market rates.
Value-Add Property: Explicitly marketed as a 'value-add duplex,' indicating significant potential for appreciation through strategic improvements and rent optimization.
Cons
Historic Property Age: Built in 1927, the property is older and may require ongoing maintenance, updates, or renovations typical of historic constructions.
Requires Rent Optimization: While offering upside, the current below-market rents necessitate active management and effort to achieve the property's full income potential.
Mixed School Ratings: Several nearby public schools have lower ratings (1-2), which could be a consideration for families prioritizing top-tier educational institutions.