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$1,200,000

Est. payment - /mo

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9 BD

4 BA

5,800 SqFt

New

3991 S Harvard Blvd Los Angeles, CA 90062

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Norma Mardelli

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

UPDATED:

12/30/2024 08:10 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,800 sqft

Price per Sqft $206

MLS Listing ID 24-474893

Style Spanish

Bedrooms 9

Year Built 1924

Lot Size 5,986 Sqft

Acres 0.1374

Property Description

Prime Investment Opportunity: This exceptional 4-unit property is a rare gem in one of LA's most vibrant and fast-growing neighborhoods. With three spacious 2-bedroom, 1-bath units (1,400 sq. ft. each) and one 3-bedroom, 1-bath unit (1,600 sq. ft.), the property offers a total of nearly 5,800 sq. ft. of rentable space (HUGE). One unit will be delivered vacant, making it an ideal opportunity for an owner-occupant investor. Live in one unit while renting out the other three to cover expenses or rent all four units for a strong income-producing asset. Located just minutes from Downtown Los Angeles, USC, Exposition Park, and Jefferson Park, the property provides tenants with easy access to shopping, dining, parks, major freeways, and public transit. Exposition Park is home to the Natural History Museum, California Science Center, and the Los Angeles Memorial Coliseum, which is set to host key events for the 2028 Summer Olympics. With the Olympics bringing international attention, increased development, and heightened rental demand to the area, this property's value is poised to grow significantly. The property is also conveniently positioned near the 110 and 10 freeways, ensuring easy commutes throughout Los Angeles. Vermont Square and its surrounding neighborhoods, including Jefferson Park and Baldwin Hills, offer a unique blend of historic charm and modern vibrancy, enhancing tenant's appeal. The combination of prime location, proximity to Jefferson Park and the upcoming Olympics, rental upside, and owner-occupancy potential makes this property a standout investment. This is a rare opportunity to secure a highly sought-after income property with both immediate cash flow and long-term appreciation. Don't miss out, rare opportunities like this one don't last!

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Floor Furnace

Cooling None

Flooring Carpet

Fireplaces Type Living Room, Decorative

Equipment None

Exterior

Parking Features None

View Y/N Yes

View Walk Street

Roof Type Spanish Tile

Building

Story 2

Foundation Raised

Water Public

Architectural Style Spanish

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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