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547 N Harvard Boulevard

Los Angeles (City), CA 90004
  • $1,350,000
  • STATUS: Active
  • ON SITE: 36 Days
  • ID#: PF22079341
UPDATED: 69 min ago
$1,350,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

Listing Agent(s): Christina Dreyer of Sotheby's International Realty (626-229-0909)


Description

Fantastic opportunity to Own a TriPlex in fast growing and appreciating area of MidWishire/Koreatown. Zoning of LAR3 with reduced parking ratio provides an excellent opportunity to build 9 condos or an apartment building for an investor or developer looking in highly sought after location to tear down and build on the lot as many are doing in the area. See the new condos being built across the street. Buy a nice looking triplex now and build later while maximizing on upside rental potential. On the property are 2 one bedroom units and a two bedroom unit. This is a low mainanence property. Tenants pay their own utitlities as gas and electricity are seperately metered. There are 3 gas and 3 electric meters. Total gross income is $47,196 with potential for growth. One of the units will be vacated on July 1st. Buyer to do their own investigations.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127848781
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547 N Harvard Boulevard Los Angeles (City), CA 90004

  • Price: $1,350,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 69 min ago
  • ID#: PF22079341
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1913
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
Fantastic opportunity to Own a TriPlex in fast growing and appreciating area of MidWishire/Koreatown. Zoning of LAR3 with reduced parking ratio provides an excellent opportunity to build 9 condos or an apartment building for an investor or developer looking in highly sought after location to tear down and build on the lot as many are doing in the area. See the new condos being built across the street. Buy a nice looking triplex now and build later while maximizing on upside rental potential. On the property are 2 one bedroom units and a two bedroom unit. This is a low mainanence property. Tenants pay their own utitlities as gas and electricity are seperately metered. There are 3 gas and 3 electric meters. Total gross income is $47,196 with potential for growth. One of the units will be vacated on July 1st. Buyer to do their own investigations.
Exterior Features

Lot Features Value In Land Number Of Separate Electric Meters 3 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 0 Garage YN Yes Gross Income 47268 Gross Scheduled Income 47268 Insurance Expense 1428 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 ExchangeTrust Conveyance Net Operating Income 45103 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 2165 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Total Actual Rent 3934 Trash Expense 1200 Water Sewer Expense 2165 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Christina Dreyer of Sotheby's International Realty (626-229-0909)