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$3,494,000

Beds
18
sq ft
7,882

1125 S Harvard Blvd, Los Angeles, CA 90006

1125 S Harvard Blvd

Los Angeles, CA 90006

  • 70 days on market
    • Price drop $1,000↓
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.

Details

Property type

Est. home value

$1,492,566

Property condition

New Construction

Lot size

5,915 sq ft

Price per sq ft

$444

Year built

2024

HOA

No

Price History

12/05/2024
CLAW

CLAW #24452105

Price change
$3,494,000
-0.03%
10/16/2024
CLAW

CLAW #24452105

Listed
$3,495,000
-2.78%
03/17/2024
CLAW

CLAW #24348999

Removed
$3,595,000

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Archwest Funding Llc

Loan start date

March 2024

Original loan amount

$2,240,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Commercial, 1 year

Seller

11 Harvard Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/25/2024 at 11:30 AM

Listing updated: 12/05/2024 at 3:05 AM

Listed by: Yohann Bensimon, Keller Williams Hollywood Hills Phone #: (310) 623-1300

MLS: CLAW #24452105

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