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963 N Harvard Blvd Los Angeles, CA 90029

$1,175,000 Sold Price as of 08/15/2019

8 Beds
6 Baths
3,787 Sq.Ft.

Sold

$1,175,000 Sold Price as of 08/15/2019 Refinance Your Mortgage

Map preview of 963 N Harvard Blvd, Los Angeles, CA 90029

Property Overview: 963 N Harvard Blvd Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,787 living square feet and 5,904 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: I am pleased to present the opportunity to acquire 963 North Harvard Boulevard, a six-unit apartment complex located in East Hollywood. Positioned just east of Western Avenue and south of Santa Monica Boulevard, the property is located in a rapidly gentrifying sub-market of Los Angeles. While the property has been well maintained, it is ideally suited for a comprehensive renovation that would allow investors to take advantage of the upside in rental income.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap

Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft: 5,904
HOA Dues: $0/mo
Year built: 1954
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19467402
City: Los Angeles
County: Los Angeles
Time on Site: 1220 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,169
Total Rent: $4,676
Pro Forma/Market Rent: $6,800

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,277
Total Rent: $2,200
Pro Forma/Market Rent: $4,400

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.79%
Gross Rent Multiplier: 14.12
Gross Scheduled Income: --
Net Operating Income: $46,467
Gross Operating Income: $86,748
Improvements Total: $244,038

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 963 N Harvard Blvd

Interior Features

Cooling Information

Has Cooling
See Remarks

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Uncovered

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 6
Parcel Number: 5537023005

Location / Neighborhood

Location Information

Directions: Positioned just east of Western Avenue and south of Santa Monica Boulevard, the property is located in a rapidly gentrifying sub-market of Los Angeles.

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Local Los Angeles Agent

Sale History for 963 N Harvard Blvd

Last sold for $1,175,000 on August 15th, 2019

August, 2019
Aug 23, 2019

Date

Sold

CRMLS: 19467402

$1,175,000

Price
Jun 26, 2019

Date

Active Under Contract

CRMLS: 19467402

$1,225,000

Price
Jun 11, 2019

Date

Price Change

CRMLS: 19467402

$1,225,000

Price
May 17, 2019

Date

Active

CRMLS: 19467402

$1,295,000

Price
August, 2019
Aug 15, 2019

Date

Sold (Public Records)

Public Records

$1,175,000

Price
January, 2018
Jan 19, 2018

Date

Expired

CRMLS: 17283430

$1,270,000

Price
Jan 8, 2018

Date

Active

CRMLS: 17283430

$1,270,000

Price
Dec 27, 2017

Date

Withdrawn

CRMLS: 17283430

$1,270,000

Price
Dec 18, 2017

Date

Price Change

CRMLS: 17283430

$1,270,000

Price
Oct 24, 2017

Date

Active

CRMLS: 17283430

$1,300,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the opportunity to acquire 963 North Harvard Boulevard, a six-unit apartment complex located in East Hollywood. Positioned just east of Western Avenue and south of Santa Monica Boulevard, the property is located in a rapidly gentrifying sub-market of Los Angeles. While the property has been well maintained, it is ideally suited for a comprehensive renovation that would allow investors to take advantage of the upside in rental income.Originally constructed in 1954, the subject property is comprised of four one-bedroom/one-bath units and two two-bedroom/one-bath units. Thesubject property is situated on a 5,750 square foot parcel. Three of the units have been recently upgraded. Residents of Harvard Boulevard alsobenefit from the close proximity to multiple bus-lines, the Metro Red-Line, and nearby retail. Due to its 1954 construction, the property is subject toLos Angeles rent control statutes.

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September, 2012
Sep 27, 2012

Date

Sold (Public Records)

Public Records

$575,000

Price

Tax History for 963 N Harvard Blvd

Assessed Value (2020): $1,175,375

Year	Land Value	Improved Value	Assessed Value
2020	$755,000	$420,375	$1,175,375

Home Value Compared to the Market

This property vs the competition

963 N Harvard Blvd sold on August 15, 2019 for 2.94% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $323.48 per/sqft which puts the price per square foot 57.16% lower than the current median sale per square foot for the city of Los Angeles.

About 963 N Harvard Blvd

Detailed summary of property

963 N Harvard Blvd is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 3,787 living square feet, and sits on an approximately 5,904 square foot lot. 963 N Harvard Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,175,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 2.94% higher than the current median priced home. Local homes that are currently for sale include 1423 N Alexandria Ave, 5670 Lexington Ave and 4307 Clinton St. While the average home in Los Angeles, CA is selling in 94 days, 963 N Harvard Blvd has a days on market of 36 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 963 N Harvard Blvd Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 963 N Harvard Blvd

Public county record property details

Beds: 8
Baths: 6
Year built: 1954
Sq. Ft.: 3,787
Lot Size: 5,907
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16-18
APN: 5537-023-005

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,200,000

Median List Price/Sq.Ft.

$794

Median Sold Price

$1,049,000

Median Sold Price/Sq.Ft.

$1,042

Total Inventory

Median Sale to List Price %

95.36%

Avg Days on Market

Loan Type

Conventional (60%), FHA (0%), VA (0%), Cash (0%), 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.