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1933 Magnolia Ave 6 Unit Apartment Building $8,336,527 CAD ($1,389,421 CAD/Unit) 7.64% Cap Rate Los Angeles, CA 90007
Investment Highlights
- New Construction
- USC Proximity
Executive Summary
Property Facts
| Price | $8,336,527 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,389,421 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.64% | Building Size | 16,120 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.99/1,000 SF |
| Zoning | LARD1.5 - Residential | ||
| Price | $8,336,527 CAD |
| Price Per Unit | $1,389,421 CAD |
| Sale Type | Investment |
| Cap Rate | 7.64% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 16,120 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | LARD1.5 - Residential |
About Harvard Heights
Harvard Heights is a small, densely populated neighborhood just north of Interstate 10 in Central Los Angeles. This is primarily a residential area, but residents enjoy a wealth of restaurant and shopping options along the busy east-west arterial streets that run through the neighborhood.
Harvard Heights’ central location makes for a relatively short commute to major job hubs including Downtown, Century City, and Hollywood. Koreatown’s dynamic dining and entertainment scene is just a few blocks to the north, as are several Purple Line Metro stations.
Healthy rent growth during the last economic expansion makes this area a popular target for multifamily investors. Renters love the area’s walkability and location, and local landlords typically enjoy high occupancies. The concentration of smaller, older apartment properties here also makes it an appealing target for investors who have been priced out of more costly coastal neighborhoods.
Property Taxes
| Parcel Number | 5056-026-006 | Improvements Assessment | $320,659 CAD |
| Land Assessment | $1,282,634 CAD | Total Assessment | $1,603,293 CAD |
Property Taxes
Sale Advisor
Sale Advisor
Yohann Bensimon
Yohann moved to Los Angeles from Paris, France 27 years ago, affording him the opportunity to be a part of the multicultural urban renewal of the city of Los Angeles. Because of this, Yohann is able to anticipate market trends allowing him to advise investors on positioning their assets for optimal growth. The invaluable knowledge Yohann has acquired through years of working with seasoned investors and developers also allows him to advise clients on how to maximize returns in an aggressive market.
Yohann’s career in commercial real estate started as an associate at Marcus & Millichap. Today, Yohann is a consistent top-producing agent at Keller Williams Hollywood Hills. Negotiation skills aside, his achievements can be attributed to his belief that success is built on solid relationships, genuine connections, and effective communication which is why clients have chosen to refer and work with Yohann time and time again.
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1933 Magnolia Ave
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