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3994-3997 S Harvard Blvd 25 Unit Apartment Building $8,127,912 CAD ($325,116 CAD/Unit) 5% Cap Rate Los Angeles, CA 90062
Investment Highlights
- **HUGE PRICE ADJUSTMENT**
- ASSUMABLE LOAN AT 3.45% Terrific Cash flow
Executive Summary
**HUGE PRICE ADJUSTMENT**
Introducing a rare opportunity ASSUMABLE LOAN AT 3.45%!. Own a piece of Los Angeles history: a 25-unit Art Deco apartment complex built in 1923, located at 3994-3997 S Harvard Blvd. 90062. This preserved historical building is only one mile from USC and BMO stadium. There is a generous mix of one and two bedroom units distributed through seven housing structures on a generous 28,777 sq ft lot. The property is eligible for both the State and National registry of Historical Buildings which gives significant financial incentives including property tax reduction through the Mills Act and federal income tax credits. The property also includes convenient on-site parking with 7 enclosed garages and an additional 14 open parking spots.
Introducing a rare opportunity ASSUMABLE LOAN AT 3.45%!. Own a piece of Los Angeles history: a 25-unit Art Deco apartment complex built in 1923, located at 3994-3997 S Harvard Blvd. 90062. This preserved historical building is only one mile from USC and BMO stadium. There is a generous mix of one and two bedroom units distributed through seven housing structures on a generous 28,777 sq ft lot. The property is eligible for both the State and National registry of Historical Buildings which gives significant financial incentives including property tax reduction through the Mills Act and federal income tax credits. The property also includes convenient on-site parking with 7 enclosed garages and an additional 14 open parking spots.
Property Facts
| Price | $8,127,912 CAD | Apartment Style | Garden |
| Price Per Unit | $325,116 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5% | Building Size | 22,236 SF |
| Gross Rent Multiplier | 12.12 | No. Stories | 2 |
| No. Units | 25 | Year Built | 1923 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LAR2 | ||
| Price | $8,127,912 CAD |
| Price Per Unit | $325,116 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.12 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 22,236 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | LAR2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | - |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 5036-028-016 | Improvements Assessment | $153,716 CAD |
| Land Assessment | $276,707 CAD | Total Assessment | $430,423 CAD |
Property Taxes
Parcel Number
5036-028-016
Land Assessment
$276,707 CAD
Improvements Assessment
$153,716 CAD
Total Assessment
$430,423 CAD
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3994-3997 S Harvard Blvd
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