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$ 1,099,000
Est. payment | /mo
6,503 Sqft Lot
$ 1,099,000
Est. payment | /mo
6,503 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26075474
HOA Y/N No
Year Built 1916
Lot Size 6,503 Sqft
Property Sub-Type Apartment
Property Description
5-Unit Investment Opportunity in Harvard Heights | Two Detached Buildings
Located in the heart of historic Harvard Heights, just south of Koreatown, this rare 5-unit property offers a compelling blend of steady income and owner-user potential. Situated on a generous lot with two separate structures, this property provides both privacy and flexibility in one of Los Angeles' most sought after rental markets.
The front building features four well-maintained 1-bedroom, 1-bathroom units, each with a similar, efficient layout including in unit laundry, that maximizes livable space and tenant appeal. All four units are currently tenant-occupied, offering immediate and consistent rental income.
Tucked away at the rear of the property is a detached 2-bedroom, 2-bathroom unit delivered vacant, an ideal opportunity for an owner-user, premium rental, or multigenerational living. This unit is complemented by its own detached garage, adding convenience and additional value.
The property's configuration allows for separation between the income-producing units and the private rear residence, making it a versatile asset for both seasoned investors and buyers looking to offset their mortgage with rental income.
Enjoy close proximity to neighborhood favorites including Dawooljung Korean Garden, Peace Awareness Labyrinth & Gardens, Velaslavasay Panorama, and Harold A. Henry Park. Dining and nightlife options are abundant with Road to Seoul Korean BBQ, Myung In Dumplings, Tacos Tu Madre, and Harvard Yard Bar just minutes away. Everyday conveniences such as Aqua Best, La Campanita Meat Market, Sally Beauty, and local wellness spots like Misarang Beauty are all nearby.
A rare opportunity to acquire a multi unit property with strong fundamentals and upside potential in a centrally located, high demand rental corridor of Los Angeles.
Located in the heart of historic Harvard Heights, just south of Koreatown, this rare 5-unit property offers a compelling blend of steady income and owner-user potential. Situated on a generous lot with two separate structures, this property provides both privacy and flexibility in one of Los Angeles' most sought after rental markets.
The front building features four well-maintained 1-bedroom, 1-bathroom units, each with a similar, efficient layout including in unit laundry, that maximizes livable space and tenant appeal. All four units are currently tenant-occupied, offering immediate and consistent rental income.
Tucked away at the rear of the property is a detached 2-bedroom, 2-bathroom unit delivered vacant, an ideal opportunity for an owner-user, premium rental, or multigenerational living. This unit is complemented by its own detached garage, adding convenience and additional value.
The property's configuration allows for separation between the income-producing units and the private rear residence, making it a versatile asset for both seasoned investors and buyers looking to offset their mortgage with rental income.
Enjoy close proximity to neighborhood favorites including Dawooljung Korean Garden, Peace Awareness Labyrinth & Gardens, Velaslavasay Panorama, and Harold A. Henry Park. Dining and nightlife options are abundant with Road to Seoul Korean BBQ, Myung In Dumplings, Tacos Tu Madre, and Harvard Yard Bar just minutes away. Everyday conveniences such as Aqua Best, La Campanita Meat Market, Sally Beauty, and local wellness spots like Misarang Beauty are all nearby.
A rare opportunity to acquire a multi unit property with strong fundamentals and upside potential in a centrally located, high demand rental corridor of Los Angeles.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Inside
Exterior
Parking Features Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Suburban
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5075012009
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Special Listing Condition Trust
Listed by Jimmy Mercado NEXT Brokerage 626-234-7821, DRE #01385375
Nearby Locations
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Erin White Freimann
Partner | Lic# 01402479