Listing Courtesy Of:
Keller Williams Beverly Hills, 310-432-6400, Eliza Kerndian
Local Realty Services Provided By:
Keller Williams Realty Larchmont
Overview
What It'll Cost
Neighborhood
Similar Homes
$4,495,000
926 S Harvard Blvd, Los Angeles, CA 90006
20 Beds
11 Baths
7,500
sq ft
.16
ac
Log In to Reveal Price
$4,495,000
926 S Harvard Blvd, Los Angeles, CA 90006
Estimation provided by Keller Williams Realty Inc.
20 Beds
11 Baths
7,500
sq ft
.16
ac
Active
For Sale
Property Description
926 Harvard is an ultra-premium, 100% LEASED brand-new construction NON-RENT CONTROLLED building located in the heart of Koreatown. This fully stabilized, cash-flowing asset generates close to $25,000 per month and $300,000 annually, offering an impressive 5.25% cap rate. The property features two 3 bed + 2 bath units, two 2 bed + 2 bath units, and three 2 bed + 1 bath units, plus 1 Rec-room/ office that can be converted into an ADU! There are 12 parking spaces, which is a very rare perk for new buildings. Each unit features an open floor plan with gorgeous finishes, beautiful flooring, large windows and sliding doors boasting loads of natural light. Top-of-the-line finishes, custom-designed kitchens, stainless steel appliances, showcase the highest standards of quality. In addition, there are large rooftop decks with awe-inspiring 360 views of Los Angeles. This excellent location, paired with the upscale modern units and sprawling rooftop decks with views of the city have made for quick, easy rentals. This property has extreme desirability amongst renters for years to come. Centrally located in prime Koreatown and walking distance to countless trendy shops & restaurants. This property stands out as a true pride-of-ownership investment. Little to no maintenance, tenants pay all utilities, and separate meters for gas, water, electric & trash. This modern, new construction 7 unit property is an unparalleled opportunity for an investor to acquire a remarkable asset that produces outstanding income, is not subject to rent control, and is poised to have tremendous appreciation.
Assessed Value is a combination of the land and additions.
2023
$22,777
(+49.68%)
$1,315,800
Land 877,200 +
Additions 438,600
2022
$15,217
(+316.85%)
$288,556
Land 256,291 +
Additions 32,265
2021
$3,651
(+2.97%)
$288,556
Land 256,291 +
Additions 32,265
2019
$3,545
(+5,225.69%)
$285,599
Land 253,664 +
Additions 31,935
2017
$66.57
$274,511
Land 239,035 +
Additions 30,095
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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