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    7112 S Harvard Blvd

    Los Angeles, CA 90047
    • $1,250,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 21-705718
    UPDATED: 31 min ago
    $1,250,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,032
      SQFT
    • $207
      $/SQFT
    Neighborhood:
    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 the Combined LA/Westside Multiple Listing Service as of 2021-05-13T16:42:56.027. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/115132391
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    7112 S Harvard Blvd Los Angeles, CA 90047

    • Price: $1,250,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 21-705718
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,032
    SQFT
    $207
    $/SQFT
    1963
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    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 Garage Structures Total 1 Levels Two Lot Description Front YardFenced Lot Location Corner Lot Lot Size Area 6084 Other Structures None Parking Garage Garage - 1 CarShared Driveway Total Parking 0

    Interior Features

    Baths Total 8.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 784231 Gross Income 98460 Gross Operating Income 95506 Like Units1 2 Like Units2 1 Like Units3 2 Net Operating Income 60009.00 Number Of Buildings 1 Number Of Units 5 Owner Pays WaterGardener Sale Type Standard Security Features Window Bars Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 35497 Type Of Units 2BR / 3BR Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of Edward Pan DRE#01894476 of Colliers International Greater Los Angel.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-13T16:42:56.027. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583