Property Detail

Description

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.