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932 S Harvard Boulevard, Los Angeles, California 90006, Los Angeles, 90006 - 3 bed, 2 bath

932 S Harvard Boulevard, Los Angeles, California 90006 home-pic-0
ACTIVE$1,250,000
932 S Harvard Boulevard, Los Angeles, California 90006
3Beds
2Baths
1,902Sqft
6,752Lot
Year Built
1912
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$657
HOA
-
Days on market
-
Sold On
-
MLS number
25616985
Home ConditionTear down
Features
View

About this home

We found 3 Cons,5 Pros. Rank: price - $1.25M(90th), sqft - 1902(50th), beds - 3(40th), baths - 2(50th).

Excellent opportunity to remodel this classic Craftsman in Koreatown or build new. Existing home Lot size is approximately 6,752 sqft, Zoned LAR4. Possibility for a developer to build 16 units by right or up to 29 units using TOC incentives. TOC incentives allow for reduced parking & setback requirements and increased density options. Lot dimensions are ~ 50 ft by 135 ft. Buyer to verify all zoning and TOC guidelines with LADBS. Do not miss this prime opportunity to build on one of the last remaining undeveloped R4 lots in Koreatown! House in front is 1,900 sq ft 3bd/2ba and there is a separate 800 sq ft permitted 2 story rec room at rear of property built in 1986, which you could possibly convert to an ADU. Currently tenant occupied. Do not walk on property.

Price History

Date
Event
Price
11/12/25
Listing
$1,250,000
Condition Rating
Tear down
Built in 1912, this property is explicitly marketed as an 'opportunity to remodel... or build new,' with a strong emphasis on its R4 zoning and potential for multi-unit development (16-29 units). The AI analysis also notes 'Extensive Remodel or Demolition Required' and that it's 'not move-in ready.' The exterior images show a very old, dated, and poorly maintained structure. The complete absence of interior photos, especially of the kitchen and bathrooms, for a 112-year-old home strongly suggests these areas are in an unpresentable, unlivable, or dilapidated state. The property's value is clearly based on the land and its redevelopment potential, aligning with the criteria for a tear-down.
Pros & Cons

Pros

High Development Potential: Zoned LAR4 with significant TOC incentives, allowing for the potential to build up to 29 units, making it an exceptional opportunity for developers.
Prime Koreatown Location: Situated in a highly sought-after and dense urban area of Los Angeles, described as one of the 'last remaining undeveloped R4 lots' in Koreatown, ensuring strong demand.
Generous Lot Size: Approximately 6,752 sqft with favorable dimensions (50 ft by 135 ft), providing ample space for multi-unit construction.
Existing Income & ADU Potential: Currently tenant-occupied, providing immediate rental income, and includes a separate 800 sq ft permitted 2-story rec room with clear potential for ADU conversion.
Strategic Investment Opportunity: The property offers a rare chance to capitalize on the high demand for housing in a prime Los Angeles location through significant redevelopment.

Cons

Extensive Remodel or Demolition Required: The 1912 Craftsman home is presented as an 'opportunity to remodel... or build new,' indicating it requires significant investment or demolition, and is not move-in ready.
Tenant Occupancy Complications: The property is 'currently tenant occupied,' which can create challenges for showings, inspections, and possession, potentially delaying development plans or increasing costs for tenant relocation.
Buyer Due Diligence Burden: The listing explicitly states, 'Buyer to verify all zoning and TOC guidelines with LADBS,' placing the full responsibility and risk of confirming development potential on the buyer.

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