926 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 7,500 sqft
Price per Sqft $599
MLS Listing ID 25510313
Bedrooms 20
HOA Y/N No
Year Built 2024
Lot Size 6,751 Sqft
Property Description
926 Harvard is an ultra-premium, 100% LEASED brand-new construction NON-RENT CONTROLLED building located in the heart of Koreatown. This fully stabilized, cash-flowing asset generates close to $25,000 per month and $300,000 annually, offering an impressive 5.25% cap rate. The property features two 3 bed + 2 bath units, two 2 bed + 2 bath units, and three 2 bed + 1 bath units, plus 1 Rec-room/ office that can be converted into an ADU! There are 12 parking spaces, which is a very rare perk for new buildings. Each unit features an open floor plan with gorgeous finishes, beautiful flooring, large windows and sliding doors boasting loads of natural light. Top-of-the-line finishes, custom-designed kitchens, stainless steel appliances, showcase the highest standards of quality. In addition, there are large rooftop decks with awe-inspiring 360 views of Los Angeles. This excellent location, paired with the upscale modern units and sprawling rooftop decks with views of the city have made for quick, easy rentals. This property has extreme desirability amongst renters for years to come. Centrally located in prime Koreatown and walking distance to countless trendy shops & restaurants. This property stands out as a true pride-of-ownership investment. Little to no maintenance, tenants pay all utilities, and separate meters for gas, water, electric & trash. This modern, new construction 7 unit property is an unparalleled opportunity for an investor to acquire a remarkable asset that produces outstanding income, is not subject to rent control, and is poised to have tremendous appreciation.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Heating Central
Cooling Central Air
Flooring Laminate,Tile
Fireplace No
Appliance Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Exterior
Parking Features Assigned,Concrete,Carport,Garage,Garage Door Opener,Gated,Tandem,Uncovered
View Y/N Yes
Total Parking Spaces 12
Building
Story 3
Entry Level Three Or More,Multi/Split
Architectural Style Contemporary
Level or Stories Three Or More,Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5093023058
Special Listing Condition Standard