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151 N Harvard Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 4 bath

151 N Harvard Boulevard, Los Angeles, California 90004 home-pic-0
ACTIVE$1,675,000
151 N Harvard Boulevard, Los Angeles, California 90004
5Beds
4Baths
2,598Sqft
8,396Lot
Year Built
1914
Close
-
List price
$1.68M
Original List price
$1.79M
Price/Sqft
$645
HOA
-
Days on market
-
Sold On
-
MLS number
25558419
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.68M(37th), sqft - 2598(61th), beds - 5(81th), baths - 4(60th).

Modern Remodeled Home + New ADU in Prime Koreatown Location! Fully remodeled front house features 3 bedrooms + den and 2 stylish bathrooms, with a newly permitted bed and bath addition. Bright, open layout with tasteful finishes and spacious living areas. The detached ADU is brand new and thoughtfully designed with 2 bedrooms, 2 bathrooms, open living/dining area, private patio perfect for BBQs or outdoor entertaining, and its own EV charging station. Bonus attic and large storage room provide exceptional functionality. Located on a wide, quiet street in the heart of Korea town just minutes from Hollywood, DTLA, Griffith Park, and major freeways.

Condition Rating
Excellent
The property features a fully remodeled main house and a brand new, permitted ADU, as explicitly stated in the description. The images confirm extensive recent renovations, showcasing modern kitchens with white shaker cabinets, quartz countertops, and stainless steel appliances, along with stylish bathrooms featuring new vanities, tiling, and fixtures. Updated flooring (hardwood and LVP) and recessed lighting throughout both units indicate a high level of quality and no deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently renovated property.
Pros & Cons

Pros

New Detached ADU with EV Charger: The brand new, thoughtfully designed 2-bedroom, 2-bathroom detached ADU with its own private patio and EV charging station offers significant rental income potential or flexible multi-generational living.
Extensively Remodeled Main House: The front house is fully remodeled with 3 bedrooms + den and 2 stylish bathrooms, featuring a bright, open layout and tasteful finishes, providing a move-in ready experience.
Prime Koreatown Location: Situated on a wide, quiet street in the heart of Koreatown, offering excellent access to Hollywood, DTLA, Griffith Park, and major freeways, enhancing desirability and convenience.
Spacious Lot and Additional Storage: The generous 8396 sqft lot size, coupled with a bonus attic and large storage room, provides ample space and practical functionality.
Versatile Living/Income Opportunity: The combination of a modern main house and a separate, new ADU creates a highly versatile property suitable for various living arrangements or as an investment with dual rental income streams.

Cons

Significant Overpricing: The current listing price of $1,675,000 is considerably higher than the property's estimated value of $1,166,386.86 and exceeds recent comparable sales in the area, potentially leading to buyer resistance and extended market time.
Recent Price Reduction: The property has already undergone a price reduction from $1,795,000, which can signal to prospective buyers that the initial pricing was too aggressive and may invite further negotiation.
Lack of Premium Features Compared to Comps: Unlike some nearby comparable properties that boast city views, pools, or advanced energy systems (e.g., solar panels), this property does not list such premium features, which might affect its competitive standing at this price point.

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