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3994-3997 S Harvard Blvd 25 Unit Apartment Building $8,171,888 CAD ($326,876 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 | $8,171,888 CAD | Apartment Style | Garden |
| Price Per Unit | $326,876 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 - Two-Family Residential | ||
| Price | $8,171,888 CAD |
| Price Per Unit | $326,876 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 - Two-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5036-028-016 | Improvements Assessment | $155,658 CAD |
| Land Assessment | $280,201 CAD | Total Assessment | $435,859 CAD |
Property Taxes
Parcel Number
5036-028-016
Land Assessment
$280,201 CAD
Improvements Assessment
$155,658 CAD
Total Assessment
$435,859 CAD
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3994-3997 S Harvard Blvd
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