741 N Harvard Boulevard, Los Angeles, California 90029, Los Angeles, 90029 - 4 bed, 2 bath
741 N Harvard Boulevard
Los Angeles, California 90029
Property Price
SUMMARY
Analysis of 741 N Harvard Boulevard, Los Angeles, California 90029 reveals a Fairly Priced Property with a current list price of $1,350,000 aligned with the estimated $1,350,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 741 N Harvard Boulevard Subject | $1,350,000* List Price | 4 | 2 | 1,928 | $700 | - |
A 843 N Edgemont Street Active | $999,000 List Price | 3 | 2 | 1,512 | $661 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1921, this property shows significant age and deferred maintenance. The kitchen features outdated white tile countertops, old white appliances, and dated linoleum flooring, indicating a renovation likely 30-50 years ago or older. Visible ceiling damage in one of the rooms suggests substantial repairs are needed. While the property is functional, its systems and aesthetics are severely outdated, requiring extensive rehabilitation to meet current living standards. The description's emphasis on 'development potential' further supports that the existing structure is not the primary value.
PROSSTRENGTHS & OPPORTUNITIES
- Development Opportunity
The property is highlighted as a 'Prime Development' site in Melrose Hill, offering potential for developing multiple units or up to nine townhomes, appealing strongly to investors and developers.
- Vacant Possession
The property will be delivered vacant, eliminating the complexities and delays associated with tenant relocation for immediate development or owner-occupancy.
- Strategic Location
Nestled in the historical Melrose Hill, it's identified as a 'hot spot for new construction' with proximity to Melrose Blvd and Paramount Studios, ensuring high demand and growth potential.
CONSRISKS & DEFICIENCIES
- Historic Property Age
Built in 1921, the property's age suggests potential for outdated infrastructure, systems, and higher maintenance or renovation costs compared to newer constructions.
- Incomplete Amenities (Back Unit)
The back unit lacks laundry facilities, which is a notable inconvenience and could impact its rental desirability or tenant satisfaction.
- Complex Development Verification
The listing explicitly states 'Buyer to verify' development options (units or nine townhomes), indicating that significant due diligence regarding zoning, permits, and feasibility is required, adding complexity and potential risk for buyers.
About 741 N Harvard Boulevard
Prime Development in Melrose Hill! The property will be delivered Vacant! Developers and end-users unlock the potential of this well-maintained duplex in East Hollywood. Explore different options. Buyer to verify: Develop units or nine townhomes or live in one unit and rent out the other. Nestled in the historical Melrose Hill, it's a hot spot for new construction. Proximity to Melrose Blvd, Paramount Studios, and more ensures high demand. Join the wave of growth in LA's dynamic heart; your canvas awaits! Units will be delivered vacant. The Main house has laundry. Back unit: No laundry. Ample Parking. The main house has a small garage-type storage in front of the home near the yard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 7,280 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Kingsley Elementary School
Grades K-5 • 0.5 mi
Ramona Elementary School
Grades K-6 • 0.5 mi
Harvard Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 80% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,928 | 1,587 | 73% |
| Lot Size | 7,280 | 5,596 | 87% |
| Price | $1.35M | $1.16M | 67% |
| Price per sq ft | $700 | $704 | 47% |
| Built year | 1921 | 1918 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 161 | 171 | 40% |
Pricing History
Listed for Sale
Sep 26, 2025
$1,350,000
Initial Listing