1559-1561 S Harvard Blvd
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1559-1561 S Harvard Blvd
4 Unit Apartment Building $1,575,000 ($393,750/Unit) 4.59% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Large units
- Potential upside in rent
- Stable income
Executive Summary
Investment opportunity in Harvard Heights HPOZ (Historic Preservation Overlay Zone) neighborhood. Multi-family building with 4 large units (approximately 1,000 sf each) with potential upside in rent. All units occupied and generating stable income. Two units are 3 bedroom and 2 bathroom. Two units are 2 bedroom and 1 bathroom. Garage parking plus plenty of parking spaces behind the main building. Large lot and garage provides space for conversion or construction of an ADU. Convenient commute to Koreatown, downtown LA, shopping and restaurants.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$97,248
|
$23.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$97,248
|
$23.38
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $97,248 |
| Annual Per SF | $23.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $97,248 |
| Annual Per SF | $23.38 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,575,000 | Building Class | C |
| Price Per Unit | $393,750 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,160 SF |
| Cap Rate | 4.59% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,575,000 |
| Price Per Unit | $393,750 |
| Sale Type | Investment |
| Cap Rate | 4.59% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,160 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 1.92/1,000 SF |
Unit Amenities
- Washer/Dryer
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
| 2+1 | 2 | - | - |
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 5074-009-007 | Improvements Assessment | $624,240 |
| Land Assessment | $1,040,400 | Total Assessment | $1,664,640 |
PROPERTY TAXES
Parcel Number
5074-009-007
Land Assessment
$1,040,400
Improvements Assessment
$624,240
Total Assessment
$1,664,640
zoning
| Zoning Code | R2-HPOZ (Historic Preservation Overlay Zone) |
| R2-HPOZ (Historic Preservation Overlay Zone) |
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1559-1561 S Harvard Blvd
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