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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,695,000

Est. payment - /mo

7,509 Sqft Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25196763

HOA Y/N No

Year Built 2020

Lot Size 7,509 Sqft

Property Sub-Type Mixed Use

Property Description

As the exclusive listing agent, is pleased to present Harvard Townhomes, a modern 7-unit multifamily asset ideally located in the vibrant East Hollywood sub-market of Los Angeles. Built in 2020, the property sits on a 7,509 SF lot with a 6,398 SF building footprint, zoned LAR3. Harvard Townhomes features an excellent mix of two- and three-bedroom units, as well as a studio ADU, appealing to a broad tenant base seeking modern comforts and convenience. This highly desirable non-RSO property, not subject to AB1482, offers investors a unique opportunity to acquire a newer construction asset with lower operating costs and attractive CAP Rate.

Harvard Townhomes presents a rare chance to invest in a newer, turnkey asset with modern amenities designed for today's renters. The property features in-unit laundry, central A/C, secured access, and dedicated parking. Tenants pay for utilities, including trash, helping optimize operating efficiency. With interest rates trending downward, investors can take advantage of attractive financing while benefiting from the property's strong fundamentals, excellent unit mix, and low-maintenance newer construction.

Strategically situated near Melrose Avenue and Western Avenue with easy access to the 101 Freeway, Harvard Townhomes offers exceptional connectivity to major employment hubs, transit lines, and lifestyle amenities across East Hollywood and Greater Los Angeles. The property's location in a highly sought-after urban area ensures strong rental demand, drawing professionals, creatives, and families seeking modern living in a central, vibrant neighborhood.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Sidewalks

Total Parking Spaces 10

Private Pool No

Building

Lot Description Landscaped

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5521005021

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Jared Levine Keller Williams Realty Calabasas jared@jaredmlevine.com

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635 N Harvard BLVD Los Angeles, CA 90004