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7111 S Harvard Blvd, Los Angeles, CA 90047
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7111 S Harvard Blvd Los Angeles, CA 90047

$1,150,000
  • 15 Beds
  • 15 Baths
  • 3,314 Sq.Ft.
For Sale
$1,150,000 Get Pre-Qualified
Map preview of 7111 S Harvard Blvd, Los Angeles, CA 90047

Property Overview: 7111 S Harvard Blvd Los Angeles, CA has 15 bedrooms, 15 bathrooms, 3,314 living square feet and 5,568 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: Huge Price Reduction !! Amazing Mixed Use Property in Prime Los Angeles area about 1 mile east of Inglewood . Potential Buyers will get 2 Store front Units that have remodeled and 1 small house in the rear and 2 Apartments next to the house. Although it has limited parking , the property shares a decent sized lot and larger rear backyard behind the house. Great Potential ! The Residential Units are on Harvard Blvd.

Listed by Martin Watkins | BRE #01249364 | Watkins Realty & Investments
Last checked: 4 minutes ago | Last updated: March 17th, 2024 | Source CRMLS | DOM: 65
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Home details

Lot Sq. Ft
5,568
HOA Dues
$0/mo
Year built
1942
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24358907
City
Los Angeles
County
Los Angeles
Time on Site
74 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 10.6
  • Gross Scheduled Income: --
  • Net Operating Income: $70,360
  • Gross Operating Income: $104,760
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 7111 S Harvard Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 5
  • Parcel Number: 6015036001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On Florence Ave and Harvard Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 7111 S Harvard Blvd

View property's historical transactions

  • February, 2024

  • Feb 14, 2024

    Date

    Active

    CRMLS: 24358907

    $1,500,000

    Price

  • October, 2023

  • Oct 29, 2023

    Date

    Expired

    CRMLS: DW23072756

    $1,450,000

    Price

  • Apr 28, 2023

    Date

    Active

    CRMLS: DW23072756

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    Great Mixed-Use 6 Unit Investment Opportunity! Featuring 3 Retail/Storefronts, and 3 Residential Units. The residential units consist of a detached building with two 1 bedroom/1 bath units, and a detached single family home with 2 bedrooms/1 bath. The retail/storefronts are on Florence Avenue, and are a blank canvas to a new business that wants high visibility. This property is very centrally located, and within minutes to 110 & 105 Freeways, SoFi stadium, LAX, public transportation, shopping centers, and much more!

  • February, 2023

  • Feb 17, 2023

    Date

    Canceled

    CRMLS: 23232643

    $1,500,000

    Price

  • Jan 14, 2023

    Date

    Active

    CRMLS: 23232643

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent investment opportunity! . Owner user or rental. Mixed use property. There are 3 storefronts that will fit any business. There are also 3 rental units. Two 1bd/1ba units and one 2bd/1ba unit. Projected rents are $4500 for storefronts and $4200 for apartment rentals. Looking for the best offer before March 2023. All new electrical in storefronts. New electrical panels. New windows on the 2 bedroom unit. Preapproval and POF required. 1701 thru 1705 Florence is 1884 sq ft, 7111 S Harvard 956 sq ft, 7115 S Harvard 726 sq ft, 7117 S Harvard 580 sq ft.

  • February, 2022

  • Feb 13, 2022

    Date

    Active

    CRMLS: 22127861

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    A great investment to generate additional income as your residential income while leasing the 3 front Commerical stores which will be delivered vacant. This property is located within 1 mile of Sofi stadium, adjacent the 110fwy and off a transit line. Property is Subject to, so please don't disturb the tenants in the rear residential units.

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Tax History for 7111 S Harvard Blvd

Assessed Value (2020): $240,010
Year Land Value Improved Value Assessed Value
2020 $128,789 $111,221 $240,010

Home Value Compared to the Market

This property vs the competition

7111 S Harvard Blvd is listed 6.96% 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 $347.01 per/sqft which puts the price per square foot 55.11% lower than the median price per square foot for the city of Los Angeles.

About 7111 S Harvard Blvd

Detailed summary of property

7111 S Harvard Blvd is a multi family located in Los Angeles, CA 90047 and is currently for sale. This multi family property offers 15 bedrooms, 15 bathrooms, roughly 3,314 living square feet, and sits on an approximately 5,568 square foot lot. 7111 S Harvard Blvd was first listed on ArdentRealEstateGroup.com on February 16, 2024. The homeowner is currently asking $1,150,000 and was originally asking $1,500,000. 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 6.96% lower than the median priced home. Local competing homes currently for sale include 1520 W 84th Pl, 5321 Denker Ave and 5302 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 96 days, 7111 S Harvard Blvd has a days on market of 65 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 7111 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 7111 S Harvard Blvd

Public county record property details
Beds
4
Baths
3
Year built
1947
Sq. Ft.
4,217
Lot Size
5,566
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
18,19
APN
6015-036-001

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.

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