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    6203 S Harvard Blvd

    Los Angeles, CA 90047
    • $900,000
    • STATUS: Active Under Contract
    • ON SITE: 45 days
    • ID#: 21-699102
    Under Contract
    UPDATED: 19 min ago
    $900,000
    • 7
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,505
      SQFT
    • $257
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    School District:

    Description

    Proudly presenting this well-located South LA 4plex at 6203 S. Harvard Blvd, LA 90047. The property features a front triplex with three 1+1 units & then a rear 4+2 unit over the garages. Solid current income of $5,352/month; $64,224/year with additional rent upside as the existing tenants vacate. At the $900,000 asking price, the property is priced at: $225,000/unit; a 14.01 current GRM; an 11.63 market GRM; a 4.31% current CAP; a 5.70% market CAP, and $257/SF. The total rentable square footage is 3,505sf; the property was built in 1940, and the lot size is 5,869sf. The property is zoned R3, which would allow for 7 units by-right. It's also located in a TOC Tier 1 area & in an Opportunity Zone.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-16T09:42:36.79. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/114627217
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    6203 S Harvard Blvd Los Angeles, CA 90047

    • Price: $900,000
    • Status: Active Under Contract
    • Updated: 19 min ago
    • ID#: 21-699102
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,505
    SQFT
    $257
    $/SQFT
    1940
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    School District:
    Los Angeles Unified
    Property Description
    Proudly presenting this well-located South LA 4plex at 6203 S. Harvard Blvd, LA 90047. The property features a front triplex with three 1+1 units & then a rear 4+2 unit over the garages. Solid current income of $5,352/month; $64,224/year with additional rent upside as the existing tenants vacate. At the $900,000 asking price, the property is priced at: $225,000/unit; a 14.01 current GRM; an 11.63 market GRM; a 4.31% current CAP; a 5.70% market CAP, and $257/SF. The total rentable square footage is 3,505sf; the property was built in 1940, and the lot size is 5,869sf. The property is zoned R3, which would allow for 7 units by-right. It's also located in a TOC Tier 1 area & in an Opportunity Zone.
    Exterior Features

    Cross Streets Harvard Blvd & W Gage Avenue Exterior Construction Stucco Lot Location Corner Lot Lot Size Area 5869 Other Structures None Parking Garage Garage Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Total Parking 5

    Interior Features

    Baths Total 5.00 Common Walls Attached Cooking Appliances Gas/Electric Range Cooling None Equipment Built-InsCableGarbage DisposalRange/Oven Fireplace Rooms None Heating Wall Laundry None Water Heater Features Gas

    Property Features

    Alley YN Yes Assessed Total Value 367025 Gross Income 64224 Gross Operating Income 64224 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Monthly Gross Income 5352.00 Net Operating Income 38750.00 Number Of Buildings 2 Number Of Units 4 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 22263 Type Of Units Rental Water Public Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Matthew Dunfrund DRE# of Keller Williams Realty Los Feliz.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-16T09:42:36.79. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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