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 Size6,084 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
AVG $960K
$1.25M
Visits
AVG 25
14
Year Built
AVG 1953
1963
Walkscore
AVG 70
70
Data Provided by Walkscore ® not using MLS data

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