Address
7112 S Harvard Boulevard Los Angeles, CA
Price
$ 1,250,000
Property Attributes
- MLS#21705718
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaLos Angeles Southwest
- Zip90047
- Style
- Price$ 1,250,000
- Bedrooms5
- Full Bathrooms5
- Half Bathrooms0
- Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Edward Pan with Colliers International Greater Los Angel.
Data Source:
CRMLS
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.
| Price History | |
|---|---|
| 3/16/2021 | Listed $1,250,000 |
General Features
| Cooling | None |
|---|---|
| Facing Direction | West |
| Garage Spaces | 1 |
| Garage Y/N | Yes |
| Heating | None |
| Levels | Two |
| MLS Area | C34 - Los Angeles Southwest |
| Parking Features | Door-Single, Garage, Shared Driveway |
| Property Type | Residential Income |
| Security Features | Window Bars |
| Total Units | 5 |
| Zoning | LAC2 |
Exterior Features
| Lot Features | Front Yard |
|---|---|
| Lot Size Acres | 0.14 |
| Lot Size Area | 6084 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 6084 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Total Parking | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90047
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 20, 2021 7:16 AM UTC 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.
