1229 S Harvard Blvd, Los Angeles, CA 90006
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1229 S Harvard Blvd Los Angeles, CA 90006

$1,700,000
  • 6 Beds
  • 6 Baths
  • 2,850 Sq.Ft.
For Sale
$1,700,000 Get Pre-Qualified

Map preview of 1229 S Harvard Blvd, Los Angeles, CA 90006

Property Overview: 1229 S Harvard Blvd Los Angeles, CA has 6 bedrooms, 6 bathrooms, 2,850 living square feet and 5,918 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to 1229 S Harvard Blvd, an exceptional investment opportunity in the heart of Los Angeles. This 4-unit property offers 2,850 square feet of living space, featuring 6 bedrooms and 6 bathrooms ideal for both seasoned investors and those looking to enter the rental market by living in one unit while collecting rent from the others. The property comprises two 2-bedroom/2-bathroom units, two 1-bedroom/1-bathroom units, and 6 parking spots. Located in a prime area with high rental demand, 1229 S Harvard Blvd offers a fantastic opportunity to grow your portfolio in one of Los Angeles's most sought-after rental markets. With the potential for strong rental income and the flexibility of a vacant unit, this property is perfect for buyers aiming for long-term gains and future appreciation. Whether you're looking to expand your real estate holdings or break into the investment market, this property has all the elements for success. Don't miss out on this rare opportunity to own a well-maintained 4-unit property!

Listed by Susie Lee | BRE #02090226 | Real Broker
Co-listed by Daniel Kim | BRE #02164114 | ehomes
Last checked: 1 minute ago | Last updated: September 27th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
5,918
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24445075
City
Los Angeles
County
Los Angeles
Time on Site
23 hours
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,340
  • Total Rent: $1,340
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $55,680
  • Gross Operating Income: $57,480
Annual Expense Breakdown
  • Total Operating Expense: --
  • Water/Sewer: $500

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Property Details for 1229 S Harvard Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community, Outside
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate, Gated Community, Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Gated, Private, Uncovered
Property Information
  • Total # of Units: 4
  • Parcel Number: 5080020007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Heading west on the 10 FWY, exit Western Ave and turn right, right on pico blvd, left on Harvard blvd.
View more facts & features

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Sale History for 1229 S Harvard Blvd

Last sold for $125,000 on September 1st, 1998
  • September, 2024

  • Sep 25, 2024

    Date

    Active

    CRMLS: 24445075

    $1,700,000

    Price

  • June, 2024

  • Jun 27, 2024

    Date

    Expired

    CRMLS: 23342137

    $1,700,000

    Price

  • Dec 28, 2023

    Date

    Active

    CRMLS: 23342137

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

    Prime location conveniently located 4 units Income property. The property of 2 separate building. The rear bldg is 2 unit (2bd+2ba) built in 2001(no rent control), Front bldg is 2unit (1bd+1ba) built in 1957. Currently owner user 2 bd+ 2br. Will be delivered vacant at COE. All units are installed copper pipe. Property is being sold in "as is" present condition. Buyer to verify the square footage and city for all permits. Subject to accepted offer. Do not disturb tenants. Drive by only!!

  • December, 2023

  • Dec 28, 2023

    Date

    Canceled

    CRMLS: 23283035

    $1,799,000

    Price

  • Jun 21, 2023

    Date

    Active

    CRMLS: 23283035

    $1,799,000

    Price

  • Listing provided courtesy of CRMLS

    Discover the POTENTIAL of 1229 s Harvard Blvd, a well-maintained 4-unit income property that promises both steady rental income & long-term growth in one of LA's hottest real estate markets. POTENTIAL.!! POTENTIAL.!! Very conveniently located from everything. 2bed+2bath x2 (Rear Building) built in 2001. 1bed+1bath x2 (Front building) built in 1957.

  • February, 2023

  • Feb 15, 2023

    Date

    Expired

    CRMLS: 22208747

    $1,698,000

    Price

  • Oct 14, 2022

    Date

    Active

    CRMLS: 22208747

    $1,698,000

    Price

  • Listing provided courtesy of CRMLS

    This charming 4Plex is located in the desirable rental neighborhood of Korea-town. There is a wide opened rear parking lot. It is conveniently located near the restaurants, markets, shopping, bus stops, medical clinics, Fwy 10 and LADT. Do not disturb tenants.

  • April, 2022

  • Apr 10, 2022

    Date

    Expired

    CRMLS: 22117555

    $1,700,000

    Price

  • Jan 11, 2022

    Date

    Active

    CRMLS: 22117555

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    This charming 4plex is located in the highly desirable rental neighborhood of Koreatown. The Rear building built in 2001 has 2 units of 2bed/2bath. The Front building built in 1957 has 2 units of 1bed/1bath. This great investment property is well maintained with Type L Copper Pipe, clean concrete paving/roof/paint, automatic gate and garden in the front yard. Low maintenance and a coin laundry. There is a wide opened rear parking lot for 6 cars. It is conveniently located near the restaurants, markets, shopping, bus stops, Fwy 10 and LADT. Do not disturb tenants. Drive-by Only.

  • September, 2021

  • Sep 1, 2021

    Date

    Expired

    CRMLS: 21718904

    $1,580,000

    Price

  • May 12, 2021

    Date

    Active

    CRMLS: 21718904

    $1,580,000

    Price

  • Listing provided courtesy of CRMLS

    NO RENT CONTROL for 2 rear units built-in 2001.Location Location Location! Great for investor and/or owner excellent 4 units-2 properties in one lot.Well-maintained owner-user opportunity. The property consists of 2 separate buildings, The rear building is 2x(2br+2ba) built-in 2001, front building is 2x(1br+1ba) built-in 1957. Currently, owner user 2 bedrooms will be delivered vacant at close of escrow. Units are spacious and bright with natural light. 6 SPACIOUS PARKING on the rear side of the property. All units are installed with TYPE L COPPER PIPE. Minutes away to Koreatown, Downtown LA, 10 Fwy, and many restaurants and markets. All tenants are current with rents. Please do not disturb occupants. Drive-by only.

  • February, 2021

  • Feb 18, 2021

    Date

    Expired

    CRMLS: 20660678

    $1,590,000

    Price

  • Nov 17, 2020

    Date

    Active

    CRMLS: 20660678

    $1,590,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained 4-plex:2 units with 1bed+1bath were built in 1957 and 2 units with 2bed+2bath were built in 2001.Spacious front and back yard. Property is being sold As Is and present condition.

  • June, 2020

  • Jun 23, 2020

    Date

    Expired

    CRMLS: 19531738

    $1,599,900

    Price

  • Dec 24, 2019

    Date

    Withdrawn

    CRMLS: 19531738

    $1,599,900

    Price

  • Nov 22, 2019

    Date

    Active

    CRMLS: 19531738

    $1,599,900

    Price

  • Listing provided courtesy of CRMLS

    Well maintained 4-plex ;2 Units built in 1957 with 1+1 and 2 Units built in 2001 with 2+2. Spacious front and back yard enough to park 5 cars. Property is being sold As Is and present condition.

  • September, 1998

  • Sep 1, 1998

    Date

    Sold (Public Records)

    Public Records

    $125,000

    Price

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Tax History for 1229 S Harvard Blvd

Assessed Value (2020): $361,497
Year Land Value Improved Value Assessed Value
2020 $167,707 $193,790 $361,497

Home Value Compared to the Market

This property vs the competition

1229 S Harvard Blvd is listed 41.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $596.49 per/sqft which puts the price per square foot 22.63% lower than the median price per square foot for the city of Los Angeles.

About 1229 S Harvard Blvd

Detailed summary of property

1229 S Harvard Blvd is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 6 bedrooms, 6 bathrooms, roughly 2,850 living square feet, and sits on an approximately 5,918 square foot lot. 1229 S Harvard Blvd was first listed on ArdentRealEstateGroup.com on September 27, 2024. The homeowner is currently asking $1,700,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.67% higher than the median priced home. Local competing homes currently for sale include 1147 Fedora St, 1326 S Mariposa Ave and 1745 S Harvard Blvd. While the average home in Los Angeles, CA is selling in 106 days, 1229 S Harvard Blvd has a days on market of 3 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1229 S Harvard Blvd Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1229 S Harvard Blvd

Public county record property details
Beds
6
Baths
6
Year built
1957
Sq. Ft.
2,850
Lot Size
5,917
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5080-020-007

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$608
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$597
Total Inventory
31
Median Sale to List Price %
87.46%
Avg Days on Market
75
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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Related Resources to 1229 S Harvard Blvd

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.