$1,155,000 Price Analysis   ♡   Los 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 Westmont |
We are pleased to offer for sale a six-unit apartment community located at 6318-6328 South Harvard Boulevard.
* Has Contingent Offer *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 th 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. Pristine 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 continued rental growth 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
Full Bathrooms: 6
Lot Size Dimensions: 40x136
Lot Size Source: Assessor
Lot Size Square Feet: 5443
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 11700
County: Los Angeles
Cap Rate: 6.08
Directions: South of Gage Avenue & East of Western Avenue
Source Property Type: Residential Income
Area: Los Angeles Southwest
Source Neighborhood: Los Angeles Southwest
Parcel Number: 6002-031-030
Postal Code Plus 4: 1903
Zoning: LAR1
Source System Name: C2C
| 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 |
$1,155,000
TheMLSCLAW
Listed 2024-03-29
$1,200,000
TheMLSCLAW
Sold 2004-05-28
$465,000
ITECH
Listed 2004-03-12
$465,000
ITECH
Year Built: 1930
Levels: Two Level, Multi Levels
Living Area Source: Assessor
Property Age: 94
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
Map directions Map directions Map directions
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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.