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    1707 S Harvard Blvd

    Los Angeles, CA 90006
    • $938,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: 20-613500
    Price Reduced
    UPDATED: 35 min ago
    $938,000
    • 6
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,110
      SQFT
    • $228
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    First time in the market since 1996. Value add opportunity. Low actual rents incredible room for revenue increases as the asset is stabilized. Priced aggressively for a fast escrow. Do not disturb tenants. They are unaware of sale. Individually metered for gas and electric. Front building has a 2 bedroom 1 bath unit, a 1 bedroom 1 bath unit and a single unit. Second building has two 1 bedroom 1 bath units and third building is a single unit. Total current monthly rent is $4,600 per month. If it were are market rents it would be $8,400. Big room for improvement. This building is in a Historic Preservation Zone but it is NOT listed as a Historic Building. Drive by and submit offer with proof of funds. One unit is non-conforming. Tax records show 5 units. It has been 6 units since owner bought it in 1996. Buyer to conduct their own due diligence. Tax records show firve units.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T22:42:27.677. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/108543875
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    1707 S Harvard Blvd Los Angeles, CA 90006

    • Price: $938,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 20-613500
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,110
    SQFT
    $228
    $/SQFT
    1921
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    First time in the market since 1996. Value add opportunity. Low actual rents incredible room for revenue increases as the asset is stabilized. Priced aggressively for a fast escrow. Do not disturb tenants. They are unaware of sale. Individually metered for gas and electric. Front building has a 2 bedroom 1 bath unit, a 1 bedroom 1 bath unit and a single unit. Second building has two 1 bedroom 1 bath units and third building is a single unit. Total current monthly rent is $4,600 per month. If it were are market rents it would be $8,400. Big room for improvement. This building is in a Historic Preservation Zone but it is NOT listed as a Historic Building. Drive by and submit offer with proof of funds. One unit is non-conforming. Tax records show 5 units. It has been 6 units since owner bought it in 1996. Buyer to conduct their own due diligence. Tax records show firve units.
    Exterior Features

    Lot Size Area 5832 Other Structures None Parking Garage Driveway Roof AsphaltFlat Total Parking 8

    Interior Features

    Baths Total 6.00 Cooling None Equipment Gas Dryer HookupGas Or Electric Dryer Hookup Heating Wall Gas

    Property Features

    Assessed Total Value 210482 Gross Income 100800 Gross Operating Income 100800 Like Units1 1 Like Units2 3 Like Units3 2 Net Operating Income 73332.00 Number Of Buildings 3 Number Of Units 6 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 24444 Type Of Units Residential Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Ronald Escobar DRE#01844635 of Exp Realty Of California Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T22:42:27.677. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355