932 S Harvard Boulevard, Los Angeles, California 90006, Los Angeles, 90006 - 5 bed, 4 bath
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Los Angeles, California 90006
This property presents a High-Potential Investment Opportunity with a List Price of $1,195,000, positioned slightly above the $1,175,140 Fair Market Value. While the property requires significant renovation, its Condition Rating of 5 is offset by massive High-Density Development Potential, including the ability to build up to 29 units via TOC Tier 3 incentives. The existing 1,200 sqft ADU conversion opportunity provides immediate rental upside. This asset is a strategic acquisition for Developers or Buy-and-Hold Investors targeting long-term growth in the Koreatown market.
Property is extensive renovation needed.
Built in 1912 (112 years old), the property is explicitly described as needing 'TLC' and is marketed for its development potential or as a 'flip' project, indicating that the kitchen, baths, and major systems require significant rehab or replacement.
The property offers massive upside for developers, with zoning that allows for 16 units by right or up to 29 units utilizing TOC Tier 3 incentives.
A 1,200 square foot rear rec room comes with approved plans for conversion into a 1 or 2 bedroom ADU, providing a clear path to increased density or rental income.
Situated in the heart of Koreatown, the property is perfectly positioned in a high-demand area for both residential renters and future buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3102, other record living area = 1902. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The original 1912 Craftsman home is noted as needing 'TLC,' implying substantial renovation costs are required to make the primary residence habitable or marketable.
Built in 1912, the property likely requires extensive and costly updates to its century-old systems to meet modern building codes and buyer expectations.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,102 | 1,672 |
| Lot Size | 6,752 | 6,067 |
| Price | $1.20M | $1.37M |
| Price per sq ft | $385 | $801 |
| Built year | 1912 | 1939 |
| HOA | $0 | $348 |
| Days on market | 15 | 56 |
Jul 7, 2026
$1,195,000
Initial Listing