1125 S Harvard Blvd, Los Angeles, CA 90006 – 24-452105

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$3,494,000

Est. payment - /mo

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18 BD

18 BA

7,882 SqFt

Price Dropped by $1K

1125 S Harvard Blvd Los Angeles, CA 90006

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

11/07/2024 09:29 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,882 sqft

Price per Sqft $443

MLS Listing ID 24-452105

Style Contemporary

Bedrooms 18

Construction Status New Construction

Year Built 2024

Lot Size 5,915 Sqft

Acres 0.1358

Property Description

We are proud to present this FULLY STABILIZED CASH FLOWING new construction townhome complex at 1125 S Harvard Blvd, completed at the start of 2024 in the heart of vibrant Mid-City. The property is fully occupied under one master lease at the rate of $21,400/mo over a 2-year lease term with an option to extend the lease at a 3% increase each year. The tenant is a county-funded organization that provides "transitional housing, wrap around programs and supportive services that enable participants to free themselves by circumventing the barriers that typically prevent justice impacted and homeless individuals from securing self-sufficiency." The property comprises four 3-story townhome style units and one 2-story attached Accessory Dwelling Unit (ADU), offering a blend of luxury and contemporary living. The complex spans a generous 7,882 square feet with 6,828 square feet of living space featuring 18 bedrooms and 18 bathrooms across its five units, which include four 4-bedroom and one 2-bedroom layouts. Each unit is a showcase of luxury, outfitted with high-quality finishes, ensuite bathrooms, and large picture windows that bathe the interiors in natural light. The attention to detail is evident in every aspect, from the built-in closet shelving to the private balconies, ensuring that these homes are not only aesthetically pleasing but also highly functional and desirable. Situated in the bustling and ever-growing Mid-City area, the complex is surrounded by a rich tapestry of restaurants, entertainment venues, nightlife, fitness centers, and outdoor spaces. This strategic location is not just about offering a high-quality lifestyle but also about promising significant growth in property value, making it an excellent choice for investors looking for substantial returns.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Dishwasher, Microwave, Dryer, Washer, Garbage Disposal, Range/Oven, Refrigerator

Exterior

Parking Features Driveway - Pavers, Garage - 2 Car, Garage - 1 Car, Garage Is Attached, Private Garage, Assigned, Covered Parking, Uncovered, Driveway

Garage Spaces 8.0

View Y/N Yes

View City

Building

Story 3

Architectural Style Contemporary

Level or Stories Three Or More, One

Construction Status New Construction

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Hollywood Hills