$1,200,000

6318 Harvard Boulevard, Los Angeles 90047

6

Beds

6

Baths

3,854

Square feet

5,443

Lot Size

6

# Of Units

Listing Agent
Sean Rosenzweig - Marcus & Millichap

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.

Facts & Features

MLS® # 24374321
Price $1,200,000
Bedrooms 6
Bathrooms 6.00
Square Footage 3,854
Lot Size 5,443
Year Built 1930
Type Residential Income
Status Active
# Of Units 6

Community Information

Address 6318 Harvard Boulevard
Area C34 - Los Angeles Southwest
City Los Angeles
County Los Angeles
Zip Code 90047

Amenities

Parking Spaces 4
Parking Garage
Garages Garage
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two, Multi/Split

Additional Information

Date Listed March 29th, 2024
Days on Market 22
Zoning LAR1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentSean Rosenzweig
OfficeMarcus & Millichap

Listing Map

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