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932 S Harvard Blvd 0.16 Acres of Residential Land Offered at $1,195,000 in Los Angeles, CA 90006
Investment Highlights
- Situated near established roadway infrastructure and municipal utilities
- Positioned within a residential area of Los Angeles
Executive Summary
Build, remodel, flip, or hold - 932 S Harvard represents a rare opportunity with multiple exit strategies. The existing 1912 Craftsman is a 3 bed 2 bath, 1,900 square feet in need of TLC (additional photos available). The rear permitted rec room is two stories, approximately 1,200 square feet, with approved plans to convert to a 1 or 2 bedroom ADU. Developers are able to build up to 16 units by right or up to 29 units using TOC Tier 3 incentives. Located in the heart of Koreatown, 932 S Harvard is well positioned for investors and owner users alike.
Property Facts
| Price | $1,195,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Proposed Use | Multifamily | |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Zoning | LAR4 - Multiple Dwelling Zone | ||
| Price | $1,195,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.16 AC |
| Zoning | LAR4 - Multiple Dwelling Zone |
1 Lot Available
Lot
| Price | $1,195,000 | Lot Size | 0.16 AC |
| Price Per AC | $7,468,750.00 |
| Price | $1,195,000 |
| Price Per AC | $7,468,750.00 |
| Lot Size | 0.16 AC |
Rectangular 6,752 sq ft residential lot
Description
Build, remodel, flip, or hold - 932 S Harvard represents a rare opportunity with multiple exit strategies. The existing 1912 Craftsman is a 3-bed, 2-bath, 1,900 square feet in need of TLC (additional photos available). The rear permitted rec room is two stories, approximately 1,200 square feet, now with approved RTI plans to convert to a 1-bedroom ADU with a 2-bedroom ADU RTI in process. Developers are able to build up to 16 units by right or up to 29 units using TOC Tier 3 incentives. Located in the heart of Koreatown, 932 S Harvard is well positioned for investors and owner-users alike.
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Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5093-023-002 | Improvements Assessment | $120,875 |
| Land Assessment | $203,110 | Total Assessment | $323,985 |
Property Taxes
Parcel Number
5093-023-002
Land Assessment
$203,110
Improvements Assessment
$120,875
Total Assessment
$323,985
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932 S Harvard Blvd