1125 S Harvard BLVD Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90006
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,882 sqft
Price per Sqft $443
MLS Listing ID 24452105
Bedrooms 18
Year Built 2024
Lot Size 5,915 Sqft
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 C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Assigned,Covered,Door-Multi,Door-Single,Driveway,Garage,Paved,Private,Uncovered
Garage Spaces 3.0
Garage Description 3.0
View Y/N Yes
View City Lights
Building
Story 3
New Construction Yes
Others
Special Listing Condition Standard