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Key Details
Sold Price $1,100,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,854 sqft
Price per Sqft $285
MLS Listing ID 24374321
Sold Date 08/15/24
Bedrooms 6
HOA Y/N No
Year Built 1930
Lot Size 5,445 Sqft
Property Description
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 30% 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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR1
Interior
Fireplace No
Exterior
Parking Features Garage
Total Parking Spaces 4
Building
Story 2
Entry Level Two,Multi/Split
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6002031030
Special Listing Condition Standard
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Bought with Sean Rosenzweig Marcus & Millichap
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