741 N Harvard Boulevard, Los Angeles, California 90029, Los Angeles, 90029 - 4 bed, 2 bath
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Los Angeles, California 90029
This Prime Development Asset in the historic Melrose Hill district is listed at $1,350,000, aligning perfectly with its $1,350,000 Fair Market Value. While the property carries a Condition Rating of 5 due to significant deferred maintenance, the primary value is anchored by the 7,280-square-foot lot and Zoning for nine townhomes. The location offers robust residential demand, supported by proximity to John Marshall Senior High School and Kingsley Elementary. Delivered entirely vacant, this site provides immediate flexibility for high-density construction. This is a strategic acquisition for Real Estate Developers or Value-Add Investors.
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 | $645 | - |
A 1139 N Heliotrope Drive Sold | $1,025,000 | 3 | 2 | 1,431 | $716 | 0.7 mi |
B 1265 N Harvard Boulevard Active | $995,999 List Price | 4 | 1 | 1,488 | $669 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921, this property shows significant signs of age and deferred maintenance. The kitchen is severely outdated with worn cabinetry, old appliances, and aged tile work. Interior photos reveal obsolete wall heaters, surface-mounted electrical conduits, and basic finishes that do not meet modern standards. The listing's heavy emphasis on development potential and the possibility of building nine townhomes indicates that the existing structure has reached the end of its functional lifespan and requires substantial rehabilitation or demolition.
The 7,280-square-foot lot offers a rare opportunity to develop up to nine townhomes or multiple units in the rapidly growing Melrose Hill area.
The property will be delivered entirely vacant, providing immediate flexibility for developers to break ground or for owner-occupiers to renovate without tenant relocation hurdles.
Nestled in the trendy Melrose Hill neighborhood near Paramount Studios and Melrose Blvd, the property sits in a high-demand pocket known for new construction and appreciation.
Built in 1921, the century-old structure likely requires significant capital improvements to systems and seismic safety if the existing buildings are retained.
The back unit lacks laundry facilities, which may decrease immediate rental appeal or necessitate additional plumbing costs for the buyer.
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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,928 | 1,672 |
| Lot Size | 7,280 | 6,067 |
| Price | $1.35M | $1.37M |
| Price per sq ft | $700 | $801 |
| Built year | 1921 | 1939 |
| HOA | $0 | $348 |
| Days on market | 299 | 56 |
Sep 26, 2025
$1,350,000
Initial Listing