1125 South Harvard Boulevard

Los Angeles, CA 90006

$3,494,000
Price
18
Beds
18
Baths
7,882 Sq. Ft.
$443 / Sq. Ft.
7,882
Sq. Ft.
$443
per Sq. Ft.

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...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.
  1. Listed by Yohann Bensimon • DRE #01966630 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills

Property Details for 1125 South Harvard Boulevard

Zoning
LAR3
Style
Contemporary
Parcel Number
5080021019
Total Units
5.0
Living Area
7882
Source Living Area
Plans
Area
Mid-Wilshire (C17)
Vacancy Rate
MasterLs
LISTING UPDATED: 11/07/2024 02:29 PM

Property Details for 1125 South Harvard Boulevard

StatusActive
MLS #24-452105
Days on Market66
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.14 AC / 5,915 SF
CountyLos Angeles County

Building Information for 1125 South Harvard Boulevard

Stories3Residences-Year Built2024Building Size-Lot Size0.14 AC / 5,915 SF

Property Information for 1125 South Harvard Boulevard

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • View: Yes
  • View Description: City
  • View: City Lights
  • Entry Floor Number: 1
  • Property Condition: New Construction
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $249,096
  • Net Operating Income: $201,156.00
  • Gross Income: $256,800
  • Cap Rate: 5.76%
  • Gross Rent Multiplier: $13.61
  • Total Annual Expense: 47940
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1358
  • Lot Size Square Feet: 5915
  • Lot Size Dimensions: 46x128
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway - Pavers, Garage - 2 Car, Garage - 1 Car, Garage Is Attached, Private Garage, Assigned, Covered Parking, Uncovered, Driveway
  • Total Parking: 8
  • Open Other Spaces Total: 5
  • Garage Spaces Total: 3
  • Parking Features: Paved, Garage - Two Door, Garage - Single Door, Private, Assigned, Covered, Uncovered, Driveway
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Three Or More, One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Microwave, Dryer, Washer, Garbage Disposal, Range/Oven, Refrigerator
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,650.00
  • Unit Actual Rent: $4,650.00
  • Unit Projected Rent: $4,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,550.00
  • Unit Actual Rent: $4,550.00
  • Unit Projected Rent: $4,550.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,600.00
  • Unit Actual Rent: $4,600.00
  • Unit Projected Rent: $4,600.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,600.00
  • Unit Actual Rent: $4,600.00
  • Unit Projected Rent: $4,600.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110

Property History for 1125 South Harvard Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1125 South Harvard Boulevard

Taxable ValueLand$1,175,040Additions$293,760Total$1,468,800
Tax Record2024$17,966 ($1,497 / month)
Home Facts
Beds2Total Finished SqFt1,176 SqFtAbove Grade Finished SqFt1,176 SqFtStories1Lot Size5,915 SqFtStyleSingle Family ResidenceYear Built1904ZoningLAR3CountyLOS ANGELESAPN5080-021-019

Schools near 1125 South Harvard Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Vista Horizon Global Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1125 South Harvard Boulevard is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on October 16, 2024 by Keller Williams Hollywood Hills, it's currently listed at $3,494,000. It has been on the market for a total of 66 days and was last sold on June 7, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Berendo Middle School and West Adams Preparatory High School. 1125 South Harvard Boulevard is a 18-bed, 18-bath, 7,882 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Hollywood Hills, Yohann Bensimon, DRE #01966630

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.