6318 S Harvard Blvd, Los Angeles, CA 90047
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6318 S Harvard Blvd Los Angeles, CA 90047

$1,200,000
  • 6 Beds
  • 6 Baths
  • 3,854 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified

Map preview of 6318 S Harvard Blvd, Los Angeles, CA 90047

Property Overview: 6318 S Harvard Blvd Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,854 living square feet and 5,443 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: We are pleased to offer for sale a six-unit apartment community located at 6318-6328 South Harvard Boulevard. 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 the USC/ North University Park, the LA Coliseum, Sofi Stadium, Intuit Dome & more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail & 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 & 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 49% remaining rental upside through unit renovations. There are 4 garage spaces below the duplex. New 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.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: April 6th, 2024 | Source CRMLS | DOM: 26
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
5,443
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24374321
City
Los Angeles
County
Los Angeles
Time on Site
31 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,058
  • Total Rent: $1,058
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,266
  • Total Rent: $1,266
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,178
  • Total Rent: $1,178
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,175
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.6%
  • Gross Rent Multiplier: 11.39
  • Gross Scheduled Income: --
  • Net Operating Income: $67,228
  • Gross Operating Income: $104,561
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 6318 S Harvard Blvd

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two, Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 6002031030
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Gage Avenue & East of Western Avenue
View more facts & features

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Sale History for 6318 S Harvard Blvd

Last sold for $465,000 on May 28th, 2004
  • March, 2024

  • Mar 29, 2024

    Date

    Active

    CRMLS: 24374321

    $1,200,000

    Price

  • May, 2004

  • May 28, 2004

    Date

    Sold (Public Records)

    Public Records

    $465,000

    Price

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Tax History for 6318 S Harvard Blvd

Assessed Value (2020): $611,008
Year Land Value Improved Value Assessed Value
2020 $370,506 $240,502 $611,008

Home Value Compared to the Market

This property vs the competition

6318 S Harvard Blvd is listed 2.91% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $311.36 per/sqft which puts the price per square foot 59.72% lower than the median price per square foot for the city of Los Angeles.

About 6318 S Harvard Blvd

Detailed summary of property

6318 S Harvard Blvd is a multi family located in Los Angeles, CA 90047 and is currently for sale. This multi family property offers 6 bedrooms, 6 bathrooms, roughly 3,854 living square feet, and sits on an approximately 5,443 square foot lot. 6318 S Harvard Blvd was first listed on ArdentRealEstateGroup.com on March 29, 2024. The homeowner is currently asking $1,200,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.91% lower than the median priced home. Local competing homes currently for sale include 815 W 62nd Pl, 1346 W 83rd Pl and 3018 W Slauson Ave. While the average home in Los Angeles, CA is selling in 96 days, 6318 S Harvard Blvd has a days on market of 26 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 6318 S Harvard Blvd Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6318 S Harvard Blvd

Public county record property details
Beds
6
Baths
6
Year built
1930
Sq. Ft.
3,854
Lot Size
5,443
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
204
APN
6002-031-030

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$758,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$755,000
Median Sold Price/Sq.Ft.
$541
Total Inventory
84
Median Sale to List Price %
104.86%
Avg Days on Market
45
Loan Type
Conventional (52.38%), FHA (4.76%), VA (0%), Cash (14.29%), Other (19.05%)

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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.