1520 -1522 Hauser Boulevard is a classic 1927 Spanish-style fourplex in the heart of Mid-City Los Angeles, minutes from the Miracle Mile, Museum Row and Culver City. The two-story building offers four one-bedroom, one-bath units totaling approximately 3,312 square feet on a 6,750 square foot LAR2 lot. Unit 1520 1/2 will be delivered vacant, creating a rare opportunity for an owner-user to live in a character-filled unit while three in-place tenants help cover the mortgage. Investors benefit from the same flexibility: the vacant unit can be leased at market rent immediately. At the asking price of $1,450,000, the property is offered at $362,500 per unit and $438 per square foot, with a 15.68 GRM and 3.76% cap rate on current rents, and a 13.64 GRM and 4.68% cap rate at market rents.
| MLS # | 26996911 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 18 |
| Listing Provided By | Miller & Desatnik Realty Co. | David Miller |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,312 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR2 |
| Acreage | 0.16 |
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Dishwasher, Refrigerator |
| Attached Garage Yes / No | No |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90019) | |
Price: $1,450,000 low | high Med: $981,000 sqft: 3,312 low | high Med: 2,928 $ / sqft: $438 low | high Med: $336 On site: 18 low | high Med: 292 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90019) | |
Price: $1,450,000 low | high Med: $981,000 sqft: 3,312 low | high Med: 2,928 $ / sqft: $438 low | high Med: $336 On site: 18 low | high Med: 292 | |