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321 S Harvard Blvd Los Angeles, CA 90020

$3,200,000 Sold Price as of 11/19/2019

71 Beds
71 Baths
8,576 Sq.Ft.

Sold

$3,200,000 Sold Price as of 11/19/2019 Refinance Your Mortgage

Map preview of 321 S Harvard Blvd, Los Angeles, CA 90020

Property Overview: 321 S Harvard Blvd Los Angeles, CA has 71 bedrooms, 71 bathrooms, 8,576 living square feet and 9,009 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Trophy Property in Prime Koreatown with HUGE upside in Rent. Beautiful 10 unit, 2 story apartment located in the heart of Koreatown. Mix of 2bedroom/2baths and 1bedroom/1bath units with extremely large size units. 4 Units (2)2br and (2)1br units have been FULLY remodeled with all permits. Brand new kitchens with quartz counter top, brand new stainless steel appliances, gorgeous wide plank laminate flooring, recessed lights through out the entire unit, all dual pane windows including balcony sliding doors have been replaced. Ample parking with 13+1 spaces and leased outside laundry room for extra income. Gorgeous landscaping has been done. Perfect for owner user or for cash flow investment. Large LOT with an adjacent SFR, possible potential for redevelopment as well! DO NOT DISTURB TENANTS. DO NOT WALK ON PROPERTY. "Sold as-is" with no repairs or warranties. Contact LA for Offering Memorandum / Set-up Sheet. NEW RSO Increase is now 4% starting July 2019 - Enjoy the upside in income

Listed by John Kim | BRE #01828906 | Secured Properties Inc.

Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 94

Home details

Lot Sq. Ft: 9,009
HOA Dues: $0/mo
Year built: 1965
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19481336
City: Los Angeles
County: Los Angeles
Time on Site: 1267 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 10
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,200
Total Rent: $2,200
Pro Forma/Market Rent: $2,500

Unit Breakdown 2

# of Units: 10
# of Beds: 1
# of Baths: 1
Actual Rent: $1,078
Total Rent: $1,078
Pro Forma/Market Rent: $1,700

Unit Breakdown 3

# of Units: 2
# of Beds: 2
# of Baths: 2
Actual Rent: $1,178
Total Rent: $1,178
Pro Forma/Market Rent: $2,400

Unit Breakdown 4

# of Units: 3
# of Beds: 1
# of Baths: 1
Actual Rent: $1,156
Total Rent: $1,156
Pro Forma/Market Rent: $1,700

Unit Breakdown 5

# of Units: 4
# of Beds: 1
# of Baths: 1
Actual Rent: $1,103
Total Rent: $1,103
Pro Forma/Market Rent: $1,700

Unit Breakdown 6

# of Units: 5
# of Beds: 1
# of Baths: 1
Actual Rent: $1,650
Total Rent: $1,600
Pro Forma/Market Rent: $1,700

Unit Breakdown 7

# of Units: 6
# of Beds: 2
# of Baths: 2
Actual Rent: $2,200
Total Rent: $2,200
Pro Forma/Market Rent: $2,500

Unit Breakdown 8

# of Units: 7
# of Beds: 2
# of Baths: 2
Actual Rent: $1,420
Total Rent: $1,420
Pro Forma/Market Rent: $2,400

Unit Breakdown 9

# of Units: 8
# of Beds: 1
# of Baths: 1
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,700

Unit Breakdown 10

# of Units: 9
# of Beds: 1
# of Baths: 1
Actual Rent: $1,103
Total Rent: $1,103
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 18
Gross Scheduled Income: --
Net Operating Income: $116,765
Gross Operating Income: $174,500
Improvements Total: $613,979

Annual Expense Breakdown

Total Operating Expense: --
Electric: $3,840
Gas/Fuel: $2,198
Trash: $3,132
Insurance: $4,475
Maintenance: $2,000
Professional Management: $0
Water/Sewer: $3,840

Property Details for 321 S Harvard Blvd

Interior Features

Laundry Information

Has Laundry
Outside, See Remarks

Exterior Features

Exterior Information

Roof: Flat

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Covered

Property Information

Total # of Units: 10
Parcel Number: 5503006007

Location / Neighborhood

Location Information

Directions: North of Wilshire Blvd., and 6th Street. Few blocks East from Western Ave.

View more facts & features

Local Los Angeles Agent

Sale History for 321 S Harvard Blvd

Last sold on December 11th, 2019

December, 2019
Dec 11, 2019

Date

Sold (Public Records)

Public Records

--

Price
November, 2019
Nov 20, 2019

Date

Sold

CRMLS: 19481336

$3,200,000

Price
Sep 25, 2019

Date

Pending

CRMLS: 19481336

$3,300,000

Price
Jun 24, 2019

Date

Active

CRMLS: 19481336

$3,300,000

Price
November, 2019
Nov 15, 2019

Date

Sold (Public Records)

Public Records

$3,200,000

Price
May, 2018
May 17, 2018

Date

Sold

CRMLS: 18332026

$2,900,000

Price
May 8, 2018

Date

Pending

CRMLS: 18332026

$2,900,000

Price
Apr 17, 2018

Date

Active Under Contract

CRMLS: 18332026

$2,900,000

Price
Apr 11, 2018

Date

Active

CRMLS: 18332026

$2,900,000

Price
Listing provided courtesy of CRMLS

LOCATION! LOCATION! 10 Units in Prime K-Town with upside in rents. Very well kept and managed. All copper plumbing, automated gate, beautiful front garden. Separately metered for gas and electricity, master water heater. The unit mix consists of 4 (2+2), 6 (1+1). Unit #1 and unit #5 will be delivered vacant. Excellent value add investment opportunity. Property is under city of LA mandatory soft story earthquake retrofitting program. Property is being SOLD AS-IS with no warranty or liability to seller and brokers. Buyers to verify and rely on their own findings. Buyer to cooperate with seller 1031 exchange at no cost to buyer. Please Do not disturb occupants on the property. **DRIVE BY ONLY** Interior shown with accepted offer.

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Tax History for 321 S Harvard Blvd

Assessed Value (2020): $3,200,000

Year	Land Value	Improved Value	Assessed Value
2020	$2,400,000	$800,000	$3,200,000

Home Value Compared to the Market

This property vs the competition

321 S Harvard Blvd sold on November 19, 2019 for 159.03% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $384.79 per/sqft which puts the price per square foot 51.35% lower than the current median sale per square foot for the city of Los Angeles.

About 321 S Harvard Blvd

Detailed summary of property

321 S Harvard Blvd is a multi family that recently sold in Los Angeles, CA 90020. This multi family property offered 71 bedrooms, 71 bathrooms, roughly 8,576 living square feet, and sits on an approximately 9,009 square foot lot. 321 S Harvard Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,200,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 159.03% higher than the current median priced home. Local homes that are currently for sale include 1229 S Kingsley Dr, 343 S Occidental Blvd and 830 S Hoover St. While the average home in Los Angeles, CA is selling in 100 days, 321 S Harvard Blvd has a days on market of 94 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 321 S Harvard Blvd Los Angeles, CA 90020 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 321 S Harvard Blvd

Public county record property details

Beds: 14
Baths: 14
Year built: 1965
Sq. Ft.: 8,576
Lot Size: 9,009
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 87
APN: 5503-006-007

The source for these homes facts are from public records.

90020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$795,000

Median List Price/Sq.Ft.

$674

Median Sold Price

$535,000

Median Sold Price/Sq.Ft.

$578

Total Inventory

Median Sale to List Price %

99.26%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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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.