1240 Harvard St

Santa Monica, CA 90404

$2,720,000
Last Sold Price
15
Beds
36
Baths
6,142 Sq. Ft.
$443 / Sq. Ft.
6,142
Sq. Ft.
$443
per Sq. Ft.

Description

Incredible location and great investment opportunity. This 6 unit apartment building is located just off Wilshire Blvd, (Mid-City). The unit mix consists of (3) 2 bed/1 bath, (2) 3 bed/1.5 bath and (1) 3 bed/2 bath. Two units will be delivered tenant ready to move in and offering immediate upside. There is a storage unit attached to the rear carport with a possibility of a ADU conversion. The location is in a great neighborhood close to dining, shopping and much more. Buyer to verify any and all...Incredible location and great investment opportunity. This 6 unit apartment building is located just off Wilshire Blvd, (Mid-City). The unit mix consists of (3) 2 bed/1 bath, (2) 3 bed/1.5 bath and (1) 3 bed/2 bath. Two units will be delivered tenant ready to move in and offering immediate upside. There is a storage unit attached to the rear carport with a possibility of a ADU conversion. The location is in a great neighborhood close to dining, shopping and much more. Buyer to verify any and all information regarding property.
  1. Listed by William Schebeck • DRE #01872195 • Brokerage DRE #01235960 • Gold Star Realty • bill_goldstarca@yahoo.com

Property Details for 1240 Harvard Street

Parking Spaces Total
5
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6142
Assessor Parcel Number
4267-006-018
Property Attached YN
true
LISTING UPDATED: 04/10/2023 03:16 AM

Property Details for 1240 Harvard Street

StatusClosed
MLS #SR23012955
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1963
CountyLos Angeles County

Location

Listing Courtesy of Gold Star Realty, William Schebeck, DRE #01872195

Sold By Pinnacle Real Estate Group, Irene Lin, DRE #00875091; Pinnacle Real Estate Group, Lin Fu Zhen, DRE #02150133

Add your commute

Building Information for 1240 Harvard Street

Building/Complex1240 Harvard StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1963Building Size-

Payment Calculator

$14,251 per month

30 year fixed, 6.845% Interest

Principal and Interest

$14,251

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1240 Harvard Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $105,167
  • Gross Scheduled Income: $105,167
  • Net Operating Income: $57,939
  • Financing: Cash
Expense Details
  • Operating Expense: $47,228
  • Pest Control Expense: $95
  • Electric Expense: $98
  • Insurance Expense: $3,850
  • Professional Management Expense: $8,016
  • Trash Expense: $4,427
  • Water Sewer Expense: $588
  • Total Expenses: $16,979
Tax / Assessment Info
  • Tax Tract Number: -
  • Tax Lot: 4
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,334
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $0
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $0
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $0
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,928
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Actual Rent: $1,716
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 1240 Harvard Street

DateEvent & SourcePriceAppreciation
Apr 7, 2023

Sold

CRMLS #SR23012955

$2,720,000—
Apr 7, 2023

Sold

CLAW #SR23012955CN

$2,720,000—
Mar 7, 2023

Pending

CRMLS #SR23012955

—
Mar 5, 2023

Pending

CLAW #SR23012955CN

—
Mar 5, 2023

Accepting Backup Offers

CRMLS #SR23012955

—
Mar 5, 2023

Accepting Backup Offers

CLAW #SR23012955CN

—
Jan 31, 2023

Listed (Active)

CRMLS #SR23012955

$2,670,000—
Jan 30, 2023

Hold

CRMLS #SR23012955

—
Jan 24, 2023

Listed (Active)

CLAW #SR23012955CN

$2,670,000—
DateEvent & SourcePrice
04/07/2023

Sold

CRMLS #SR23012955

$2,720,000
04/07/2023

Sold

CLAW #SR23012955CN

$2,720,000
03/07/2023

Pending

CRMLS #SR23012955

—
03/05/2023

Pending

CLAW #SR23012955CN

—
03/05/2023

Accepting Backup Offers

CRMLS #SR23012955

—
03/05/2023

Accepting Backup Offers

CLAW #SR23012955CN

—
01/31/2023

Listed (Active)

CRMLS #SR23012955

$2,670,000
01/30/2023

Hold

CRMLS #SR23012955

—
01/24/2023

Listed (Active)

CLAW #SR23012955CN

$2,670,000

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

Schools near 1240 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

Similar Sold Homes

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 Gold Star Realty, William Schebeck, DRE #01872195

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.