1059 S Harvard Blvd, Los Angeles, CA 90006
- $1,550,000
- 10
- BD
- 8
- BA
- 5,026
- SqFt
- List Price
- $1,550,000
- MLS#
- 26989645
- Year Built
- 1955
- Bedrooms
- 10
- Bathrooms
- 8
- Living Sq. Ft
- 5,026
- Lot Size
- 5,921
- Days on Market
- 1
- Property Type
- Multifamily
- Stories
- 2
Property Description
We are pleased to offer 1059 S. Harvard Boulevard, a fully occupied eight-unit multifamily investment property located in Los Angeles, California 90006. The property offers an attractive and diversified unit mix consisting of five one-bedroom, one-bathroom units, one one-bedroom with den, one-bathroom unit, and two two-bedroom with den, one-bathroom units. The improvements total approximately 5,026 rentable square feet and are situated on an approximately 5,921-square-foot lot. The property also provides on-site parking for some residents. Offered at $1,550,000, the property represents a stable, income-producing investment opportunity with an attractive 9.43 gross rent multiplier and a 6.96% capitalization rate. The property is currently fully occupied, providing an investor with immediate and consistent rental income from the date of acquisition. Recent capital improvements include a new steel stair case and four of the eight units recently being renovated prior to tenant move-in. With its strong current cash flow, favorable unit mix, recent improvements, and full occupancy, 1059 S. Harvard Boulevard offers investors a compelling opportunity to acquire a stabilized multifamily asset at an attractive basis in the Los Angeles market.
Additional Information
- Other Buildings
- None
- Heat
- Wall Gas
- Cooling
- None
- Number of Cars in Garage
- Driveway
Mortgage Calculator
Courtesy of BRC Advisors- BH, Griffin White - CA DRE#02031785
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