926 S Harvard Boulevard,Los Angeles, CA 90006
Los Angeles, CA 90006
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.
Details
| MLS# | 25510313 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2024 |
| Days On Site | 41 |
| Listing Provided By | Keller Williams Beverly Hills 310-432-6400 | Eliza Kerndian |
Features
| Bed(s) | 20 |
|---|---|
| Bath(s) | 11 |
| SQ Feet | 7,500 |
| Car Port | Yes |
| Story(s) | 3 |
| Units | 7 |
| Building(s) | 3 |
| Zoning | LAR4 |
| Acreage | 0.16 |
| Property View | Yes |
Market Activity 90006
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $4,495,000 low | high Med: $1,099,000 SqFt: 7,500 low | high Med: 1,765 $ / SqFt: $599 low | high Med: $623 On site: 41 low | high Med: 18.000000 | |