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    7112 S Harvard Boulevard

    Los Angeles (City), CA 90047
    • $1,250,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: 21705718
    UPDATED: 27 min ago
    $1,250,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,032
      SQFT
    • $207
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Presented for sale is 7112 S. Harvard Blvd., a 4+1 Unit multi-family apartment building nearby the intersection of W. Florence Ave. and S. Western Ave. located in an opportunity zone residential neighborhood of S. Los Angeles (the +1unit is non-conforming). The property consists of one gated and secured two story building with surface parking on the side of the building. The entire roof was replaced in 2019 and the entire buildings electrical and plumbing were approved by the city during the 2019 construction. The building totals 6,032 rentable square feet situated on an approximately6,084 square foot rectangular lot. Originally built in 1963, this well upkept multifamily quadraplex+1 (unpermitted unit) has a desirable unit mix of: (2) 2BR/1BA units and (1, non-conforming) 2+1BR/2BA unit, and (2)3BR/2BA units, with 100% occupancy. Three out of the four units currently have below market rental rates, and with updated market rents*, the property has the potential to achieve a5.95% CAP rate in a developing neighborhood location. This apartment building is conveniently located in between Downtown Los Angeles, and the South Bay, within 3 miles to newly constructed SoFi Stadium and approx. 4 miles to the University of Southern California.* = Buyer should complete their own due diligence/research on compliance for rent.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T18:37:53.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/115134000
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    7112 S Harvard Boulevard Los Angeles (City), CA 90047

    • Price: $1,250,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 21705718
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,032
    SQFT
    $207
    $/SQFT
    1963
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Presented for sale is 7112 S. Harvard Blvd., a 4+1 Unit multi-family apartment building nearby the intersection of W. Florence Ave. and S. Western Ave. located in an opportunity zone residential neighborhood of S. Los Angeles (the +1unit is non-conforming). The property consists of one gated and secured two story building with surface parking on the side of the building. The entire roof was replaced in 2019 and the entire buildings electrical and plumbing were approved by the city during the 2019 construction. The building totals 6,032 rentable square feet situated on an approximately6,084 square foot rectangular lot. Originally built in 1963, this well upkept multifamily quadraplex+1 (unpermitted unit) has a desirable unit mix of: (2) 2BR/1BA units and (1, non-conforming) 2+1BR/2BA unit, and (2)3BR/2BA units, with 100% occupancy. Three out of the four units currently have below market rental rates, and with updated market rents*, the property has the potential to achieve a5.95% CAP rate in a developing neighborhood location. This apartment building is conveniently located in between Downtown Los Angeles, and the South Bay, within 3 miles to newly constructed SoFi Stadium and approx. 4 miles to the University of Southern California.* = Buyer should complete their own due diligence/research on compliance for rent.
    Exterior Features

    Direction Faces West Lot Features Front Yard Parking Features Door-SingleGarageShared Driveway Parking Total 1

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Garage YN Yes Gross Income 98460 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 60009 Possession Close Of Escrow Security Features Window Bars Senior Community YN No Special Listing Conditions Standard Zoning Lac2

    Listing provided courtesy of Edward Pan of Colliers International Greater Los Angel


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T18:37:53.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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