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1933 Magnolia Ave
Los Angeles, CA 90007
Multifamily Property For Sale
·
6 Units
Investment Highlights
- New Construction
- USC Proximity
Executive Summary
Property Facts
| Price Per Unit | $999,167 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.64% | Building Size | 16,120 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.99/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | LARD1.5 - Residential | ||
| Price Per Unit | $999,167 |
| Sale Type | Investment |
| Cap Rate | 7.64% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 16,120 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | LARD1.5 - Residential |
About Harvard Heights
Harvard Heights is a small, densely populated neighborhood just north of Interstate 10 in Central Los Angeles. This is primarily a residential area, but residents enjoy a wealth of restaurant and shopping options along the busy east-west arterial streets that run through the neighborhood.
Harvard Heights’ central location makes for a relatively short commute to major job hubs including Downtown, Century City, and Hollywood. Koreatown’s dynamic dining and entertainment scene is just a few blocks to the north, as are several Purple Line Metro stations.
Healthy rent growth during the last economic expansion makes this area a popular target for multifamily investors. Renters love the area’s walkability and location, and local landlords typically enjoy high occupancies. The concentration of smaller, older apartment properties here also makes it an appealing target for investors who have been priced out of more costly coastal neighborhoods.
Property Taxes
| Parcel Number | 5056-026-006 | Improvements Assessment | $233,580 |
| Land Assessment | $934,320 | Total Assessment | $1,167,900 |
Property Taxes
