$1,155,000 Price Analysis 6318 S Harvard BlvdLos Angeles, CA 90047 6 bed 6 bath 3,854 SqFt ($299/SqFt) 5,443SqFt lot. Built 1930 Listed 2024-03-29, Taxes $8,281 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The subject property is located south of Slauson Avenue and east of Western Avenue within the South LA submarket. The two buildings are located in the heart of Canterbury Knolls SoLA adjacent to Hyde Park. This location offers easy access to the best of South LA, including the USC/ North University Park, the LA Coliseum, Sofi Stadium, Intuit Dome and more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail and entertainment throughout the city. Situated on a 5, 443 square foot parcel, the property is comprised entirely of one-bedroom units. There are two separate buildings, a duplex and a quadplex with separate entrances for each unit.
There is a courtyard located between the two buildings, which has potential to be used recreational/tenant common area space. The property has 30% remaining rental upside through unit renovations. There are 4 garage spaces below the duplex. Brand new ownership can add an attached Accessory Dwelling Unit (ADU) in place of two of the garage spaces in order to maximize growth & rental income - buyer to verify. This would leave 2 remaining garage spaces, which new ownership can rent in order to further increase income. New ownership can potentially convert one-bedroom units to two-bedroom units buyer to verify feasibility. 6318-6328 South Harvard Boulevard presents investors with a unique opportunity to acquire an asset in a South Los Angeles location with a residential feel that is a short distance to the most attractive thoroughfare in the submarket, which will support continud rental growt h for a new investor who is looking to capitalize on the value-add potential this asset offers.
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #24-374321 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $247,852 + $381,830 $629,682 | $8,281 |
2021 | $242,993 + $374,344 $617,337 | $8,165 |
2020 | $240,502 + $370,506 $611,008 | $8,238 |
2019 | $235,787 + $363,242 $599,029 | $7,940 |
2018 | $231,164 + $356,120 $587,284 | $7,842 |
2017 | $226,632 + $349,138 $575,770 | $7,641 |
2016 | $222,189 + $342,293 $564,482 | $7,442 |
2015 | $218,852 + $337,152 $556,004 | $7,342 |
2014 | $214,565 + $330,548 $545,113 | $7,404 |
2013 | $213,596 + $329,055 $542,651 | $7,388 |
2012 | $209,408 + $322,603 $532,011 | $7,482 |
2010 | $205,302 + $316,278 $521,580 | $7,254 |
2009 | $204,253 + $314,661 $518,914 | $6,996 |
2009 | $203,768 + $313,915 $517,683 | $6,996 |
2008 | $200,249 + $308,492 $508,741 | $6,717 |
2007 | $196,323 + $302,444 $498,767 | $6,497 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.