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3994-3997 S Harvard Blvd 25 Unit Apartment Building $8,196,212 CAD ($327,848 CAD/Unit) 5.20% Cap Rate Los Angeles, CA 90062
Investment Highlights
- Unique and Amazing historic building
- Majority of rents are paid by Federal Government through HCV
- On site laundry | 7 Garages and 14 parking spaces
- Building eligible for property tax reduction and federal income tax credits
- Predominantly two-bedroom units with a good mix of 1-bedroom units
Executive Summary
Introducing a rare opportunity ASSUMABLE LOAN AT 3.5%!. 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 | $8,196,212 CAD | Apartment Style | Garden |
| Price Per Unit | $327,848 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.20% | Building Size | 22,236 SF |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR2 - Two-Family Residential | ||
| Price | $8,196,212 CAD |
| Price Per Unit | $327,848 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| 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 | $158,418 CAD |
| Land Assessment | $285,171 CAD | Total Assessment | $443,589 CAD |
Property Taxes
Parcel Number
5036-028-016
Land Assessment
$285,171 CAD
Improvements Assessment
$158,418 CAD
Total Assessment
$443,589 CAD
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3994-3997 S Harvard Blvd
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