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$1,480,000

Beds
6
sq ft
2,850

1229 S Harvard Blvd, Los Angeles, CA 90006

1229 S Harvard Blvd

Los Angeles, CA 90006

  • 15 days on market
Unlock the POTENTIAL of "1229 S Harvard Blvd," This well-maintained 4-unit income property offers substantial rental income and exceptional long-term growth in one of LA's most sought-after real estate markets. High-Value Investment Opportunity! No Rent Control on the rear building Two spacious 2 bed + 2 bath units built in 2001. The seller currently occupies one unit and will vacate upon sale. Steady Income Potential Two charming 1 bed + 1 bath units in the front building, built in 1957. Prime Loca: Conveniently close to shopping, dining, entertainment, and major freeways, ensuring high tenant demand! This is a golden opportunity for investors or owner-occupants looking to maximize returns. One vacant unit at closing offers added flexibility! Don't miss out on this rare find in a booming neighborhood!

Details

Property type

Lot size

5,918 sq ft

Price per sq ft

$520

Year built

1957

HOA

No

Price History

02/03/2025
CLAW

CLAW #25498933

Listed
$1,480,000
-12.94%
10/10/2024
CLAW

CLAW #24445075

Removed
$1,700,000
09/25/2024
CLAW

CLAW #24445075

Listed
$1,700,000

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mega Capital Funding Inc

Loan start date

March 2021

Original loan amount

$500,000

Est. remaining balance

$455,887

Interest rate

2.79%

Loan type

New Conventional, 30 year

Seller

Tong Tak Pae and Jung Hee Ko

Lender

Hanmi Bank

Loan start date

April 2003

Original loan amount

$242,000

Est. remaining balance

$110,213

Interest rate

5.86%

Loan type

Not Provided, 30 year

Seller

Tony Tak Pae

Lender

Hanmi Bank

Loan start date

January 2002

Original loan amount

$130,000

Est. remaining balance

Not provided

Interest rate

7.02%

Loan type

Credit Line (Revolving)

Seller

Tony Tak Pae

Lender

Centerpoint Investment Corp

Loan start date

March 1999

Original loan amount

$24,000

Est. remaining balance

Not provided

Interest rate

6.74%

Loan type

Stand Alone Second, 20 year

Seller

Tony Tak Pae

Lender

Temple Inland Mtg Corp

Loan start date

August 1998

Original loan amount

$112,500

Est. remaining balance

$27,600

Interest rate

6.91%

Loan type

Not Provided, 30 year

Seller

Tony Tak Pae

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/04/2025 at 3:00 AM

Listing updated: 02/25/2025 at 5:25 AM

Listed by: Jeffrey Park, New Star Realty Phone #: (213) 385-4989

MLS: CLAW #25498933

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