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$ 2,800,000
Est. payment /mo
New
517 N Harvard BLVD Los Angeles, CA 90004
14 Beds
13 Baths
6,929 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,929 sqft
Price per Sqft $404
MLS Listing ID 26106231
Bedrooms 14
HOA Y/N No
Year Built 2018
Lot Size 7,505 Sqft
Property Description
Marcus & Millichap is exclusively offering 517 N Harvard Blvd, a nine-unit apartment building built in 2018 on the Koreatown East Hollywood border in Los Angeles (90004), at $2,800,000. The three-story, 6,929 SF building sits on a 7,505 SF LAR3 lot. It has five one-bedroom, three two-bedroom and one three-bedroom units, 14 bedrooms in all, plus covered tuck-under parking and gated entries. Because it's newer construction, the property isn't subject to the Los Angeles Rent Stabilization Ordinance (RSO), which gives an owner more flexibility on rents and turnover. Interiors feature high ceilings with clerestory windows, hard-surface flooring, shaker cabinetry and stainless steel appliances, and select units have loft bedrooms and in-unit stacked washer/dryers. The building is 100% occupied at $23,990 per month ($287,880 a year), with four units under Section 8 contracts. Electric and gas are separately metered and paid by tenants, and the seller is setting up a RUBS program to recover 80% of water and trash costs, adding about $8,194 a year. The location has a Walk Score of 87 and is about 0.8 miles from the Vermont/Beverly Metro B Line station and 0.9 miles from LA City College. Kaiser Permanente and Children's Hospital Los Angeles are both within about 1.5 miles.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator
Exterior
Parking Features Assigned
Pool None
Private Pool No
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5521011024
Special Listing Condition Standard
Listed by Tony Azzi Tony Azzi #00910513