Just Listed | SFR - 4461 Oakwood Ave & Duplex - 400 N Harvard Blvd on Two Parcels | Hollywood | Value Add

Listing Details: $1,050,000

Price/Unit: $350,000

Price/SF: $406.82

Year Built: 1913/1920

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Investment Highlights

Duplex & Single-Family Residence on Two Parcels

The property encompasses both a duplex and a single-family residence spread across two parcels. This hybrid/?exible setup appeals to a savvy investor to live in the SFR while renting out the duplex, helping offset the cost of the overall mortgage.

Excellent Hollywood Location

Situated in the vibrant neighborhood of Hollywood, the property bene?ts from its proximity to numerous amenities, entertainment venues, and employment opportunities. Hollywood is known for its iconic landmarks, cultural attractions, and bustling nightlife, making it an attractive location for residents and investors alike.

Future Development Potential

Given the ongoing housing shortage and new regulations trending towards more density in ex-change for low-income units, this property stands to bene?t due to its combined lot size, corner-lot location, and underlying LAR3 zoning. (Buyer to Verify Development Potential).

Approximately 69% Rental Upside Potential

Hollywood is experiencing a surge in demand for housing, driven by its status as a cultural hub and employment center, which bodes well for the property's long-term appreciation potential. As the tenants voluntarily vacate, a buyer could implement a variety of cosmetic improvements which could lead to increased rental income, maximizing the property's value over the long term.

Exit Optionality

The property's unique con?guration allows for the possibility of separating the duplex from the SFR and selling them individually at a future date, providing multiple exit strategies for investors.