3991 South Harvard Boulevard

Los Angeles, CA 90062

$1,200,000
Price
9
Beds
4
Baths
5,800 Sq. Ft.
$207 / Sq. Ft.
5,800
Sq. Ft.
$207
per Sq. Ft.

Description

Prime Investment Opportunity: This exceptional 4-unit property is a rare gem in one of LA's most vibrant and fast-growing neighborhoods. With three spacious 2-bedroom, 1-bath units (1,400 sq. ft. each) and one 3-bedroom, 1-bath unit (1,600 sq. ft.), the property offers a total of nearly 5,800 sq. ft. of rentable space (HUGE). One unit will be delivered vacant, making it an ideal opportunity for an owner-occupant investor. Live in one unit while renting out the other three to cover expenses or rent...Prime Investment Opportunity: This exceptional 4-unit property is a rare gem in one of LA's most vibrant and fast-growing neighborhoods. With three spacious 2-bedroom, 1-bath units (1,400 sq. ft. each) and one 3-bedroom, 1-bath unit (1,600 sq. ft.), the property offers a total of nearly 5,800 sq. ft. of rentable space (HUGE). One unit will be delivered vacant, making it an ideal opportunity for an owner-occupant investor. Live in one unit while renting out the other three to cover expenses or rent all four units for a strong income-producing asset. Located just minutes from Downtown Los Angeles, USC, Exposition Park, and Jefferson Park, the property provides tenants with easy access to shopping, dining, parks, major freeways, and public transit. Exposition Park is home to the Natural History Museum, California Science Center, and the Los Angeles Memorial Coliseum, which is set to host key events for the 2028 Summer Olympics. With the Olympics bringing international attention, increased development, and heightened rental demand to the area, this property's value is poised to grow significantly. The property is also conveniently positioned near the 110 and 10 freeways, ensuring easy commutes throughout Los Angeles. Vermont Square and its surrounding neighborhoods, including Jefferson Park and Baldwin Hills, offer a unique blend of historic charm and modern vibrancy, enhancing tenant's appeal. The combination of prime location, proximity to Jefferson Park and the upcoming Olympics, rental upside, and owner-occupancy potential makes this property a standout investment. This is a rare opportunity to secure a highly sought-after income property with both immediate cash flow and long-term appreciation. Don't miss out, rare opportunities like this one don't last!
  1. Listed by Mohammad Moe Maithalouni • DRE #02006021 • Brokerage DRE #01819621 • The Homes Network

Property Details for 3991 South Harvard Boulevard

Zoning
LAR2
Style
Spanish
Cross Streets
Martin Luther King Jr Blvd & S Harvard Blvd
Parcel Number
5036027026
Total Units
4.0
Living Area
5800
Source Living Area
Estimated
Area
Los Angeles Southwest (C34)
LISTING UPDATED: 12/30/2024 01:10 AM

Property Details for 3991 South Harvard Boulevard

StatusActive
MLS #24-474893
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.14 AC / 5,986 SF
CountyLos Angeles County

Building Information for 3991 South Harvard Boulevard

Stories2Residences-Year Built1924Building Size-Lot Size0.14 AC / 5,986 SF

Property Information for 3991 South Harvard Boulevard

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • View: Yes
  • View Description: Walk Street
  • Water: Public
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit, Conventional, Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $103,200
  • Net Operating Income: $63,184.00
  • Gross Income: $82,584
  • Gross Rent Multiplier: $11.63
  • Actual Annual Gross Rent: $82,584.00
  • Owner Pays: Water
  • Total Annual Expense: 19400
  • Water Expense: $3,000.00
  • Trash Expense: $600.00
  • Tax Expense: $13,800
  • Insurance Expense: $2,000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1374
  • Lot Size Square Feet: 5986
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: Living Room, Decorative
  • Fireplace Rooms: Living Room, Decorative
  • Cooling: None
  • Cooling Type: None
  • Heating: Floor Furnace
  • Heating Type: Floor Furnace
  • Flooring: Carpet
  • Equipment: None
  • Common Walls: Attached
  • Cooking Appliances: Gas
Exterior Features
Exterior Features
  • Roof: Spanish Tile
  • Entry Location: Main Level
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-29-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $1,970.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $1,456.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $1,456.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $161,913.00
  • Assessed Improvement Percent: 52.22
  • Assessed Land Value: $148,173.00
  • Assessed Land Percent: 47.78
  • Assessed Total Value: $310,086.00

Property History for 3991 South Harvard Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3991 South Harvard Boulevard

Taxable ValueLand$151,136Additions$165,151Total$316,287
Tax Record2024$4,136 ($345 / month)
Home Facts
Total Finished SqFt504 SqFtAbove Grade Finished SqFt504 SqFtLot Size5,984 SqFtStyleQuadraplexYear Built1924ZoningLAR2CountyLOS ANGELESAPN5036-027-026

Schools near 3991 South Harvard Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 11
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Martin Luther King Jr. Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 11

Manual Arts Senior High School
Public9 to 12

Public Policy Charter
Charter5 to 8

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.

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3991 South Harvard Boulevard is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on December 29, 2024 by The Homes Network, it's currently listed at $1,200,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Martin Luther King Jr. Elementary School, Barack Obama Global Preparation Academy and Manual Arts Senior High School. 3991 South Harvard Boulevard is a 9-bed, 4-bath, 5,800 sqft multi-family home built in 1924.

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 The Homes Network, Mohammad Moe Maithalouni, DRE #02006021

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.