Los Angeles, CA90006
| 7882 sqft | MLS# 24452105
Tract:
For Sale $3,494,000
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 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.
Facts
| Built in 2024 | Lot Size: 5915.00 sqft | HOA Dues: $0/month
Features
Listing provided by Yohann Bensimon, Keller Williams Hollywood Hills
Based on information from California Regional Multiple Listing Service, Inc. as of November 7, 2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
