1234 Harvard Street

Santa Monica, CA 90404

$3,099,999
Price
12
Beds
7
Baths
5,356 Sq. Ft.
$579 / Sq. Ft.
5,356
Sq. Ft.
$579
per Sq. Ft.

Description

1234 Harvard St is located in a prime Santa Monica neighborhood just steps away from Erewhon, Los Angeles's premier luxury grocery store. This property offers an owner minimal low vacancy and fast turnovers due to its fantastic location and proximity to jobs and three grocery stores within a half-mile distance. The property is located nearby Wilshire Boulevard, offering residents each access to the beach, Santa Monica Promenade, or other job centers in LA such as Culver City, Century City, and Sherman...1234 Harvard St is located in a prime Santa Monica neighborhood just steps away from Erewhon, Los Angeles's premier luxury grocery store. This property offers an owner minimal low vacancy and fast turnovers due to its fantastic location and proximity to jobs and three grocery stores within a half-mile distance. The property is located nearby Wilshire Boulevard, offering residents each access to the beach, Santa Monica Promenade, or other job centers in LA such as Culver City, Century City, and Sherman Oaks. The property has been meticulously maintained by its current owners. The property features large balconies in some units and parking foreach unit. 1234 Harvard represents a unique opportunity to acquire a pride of ownership property in a great neighborhood of Santa Monica with an opportunity to capture over 27% in rental upside on currently occupied units and 44% upside inclusive of an ADU. Buyer to do their own due diligence regarding financials and ADU feasibility.
  1. Listed by Austin Mudd • DRE #02101587 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1234 Harvard Street

Zoning
SMR2*
Parcel Number
4267006017
Total Units
6.0
Living Area
5356
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
3
Lot Size Area
6990
LISTING UPDATED: 08/20/2024 02:41 PM

Property Details for 1234 Harvard Street

StatusActive
MLS #24-429851
Days on Market81
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.16 AC / 6,990 SF
CountyLos Angeles County

Building Information for 1234 Harvard Street

Stories2Residences-Year Built1961Building Size-Lot Size0.16 AC / 6,990 SF

Property Information for 1234 Harvard Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Rental
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $193,527
  • Net Operating Income: $127,208.00
  • Gross Income: $199,512
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $15.50
  • Financial Info as Of: 08/01/2024
  • Owner Pays: Water
  • Total Annual Expense: 66319
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1605
  • Lot Size Square Feet: 6990
Parking Details
Parking Details
  • Parking Garage: Carport, Assigned, Attached
  • Total Parking: 6
  • Parking Features: Carport, Assigned
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Microwave, Ceiling Fan, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-20-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,351.00
  • Unit Actual Rent: $2,351.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,567.00
  • Unit Actual Rent: $10,268.00
  • Unit Projected Rent: $12,948.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,482.00
  • Unit Actual Rent: $3,482.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number Leased: 5
  • Number Refrigerator: 6
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $295,899.00
  • Assessed Improvement Percent: 15.15
  • Assessed Land Value: $1,657,052.00
  • Assessed Land Percent: 84.85
  • Assessed Total Value: $1,952,951.00

Property History for 1234 Harvard Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1234 Harvard Street

Taxable ValueLand$1,690,193Additions$302,016Total$1,992,209
Tax Record2024$24,774 ($2,065 / month)
Home Facts
Total Finished SqFt5,356 SqFtAbove Grade Finished SqFt5,356 SqFtLot Size6,988 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningSMR2*CountyLOS ANGELESAPN4267-006-017

Schools near 1234 Harvard Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1234 Harvard Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on August 20, 2024 by Kidder Mathews of California, Inc., it's currently listed at $3,099,999. It has been on the market for a total of 81 days and was last sold on August 31, 2012. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1234 Harvard Street is a 12-bed, 7-bath, 5,356 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Austin Mudd, DRE #02101587

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.