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    428 Harvard Blvd Los Angeles, CA 90004

    Apartment buildings Google Maps
    3,303 SF Built 1915
    428 Harvard Blvd, Los Angeles, CA 90004 For Sale 1 / 62
    Contact for pricing 3,303 SF
    428 Harvard Blvd, Los Angeles, CA 90004
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    Estimated value
    No estimation on file for this property yet.
    Property ID US09-8272340

    Property summary

    AI-generated overview

    This exceptional Koreatown investment opportunity presents a newly renovated (2022) three-unit apartment building, boasting 3,303 square feet of living space on a 5,972 square foot lot. The property, originally built in 1915 and completely renovated, features a mix of one, two, and three-bedroom units, all currently 100% occupied with market-rate tenants. Each unit includes modern amenities such as stainless steel appliances, designer bathrooms with oversized showers, in-unit washer/dryers, and hardwood flooring. The building offers a strong NOI of $75,699, resulting in a 4.21% cap rate and a price per square foot of $544.90. Located in a prime location, just steps from the Wiltern Theatre and numerous shops and entertainment venues, this property benefits from a Walk Score of 97 and is a short drive to Larchmont Village, Paramount Studios, and Netflix headquarters. The property is situated in a high-demand rental market, further enhanced by the proximity to the Purple Line station. The permitted zoning is LAR3. This stabilized asset presents a compelling opportunity for investors seeking a worry-free 1031 exchange opportunity or a strong, cash-flowing investment in a vibrant Los Angeles neighborhood. The address is 428 N Harvard Blvd, Los Angeles, CA 90004, with APN 5521-024-005. The asking price is $1,799,800, representing a price per unit of $599,933.33. All units are separately metered.

    Property profile

    Verified
    Property type Apartment buildings
    Year built 1915
    Total area 3,303 SF
    UPID US09-8272340

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Value estimations

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

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    Recent comparable sales
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