Eight-Unit Apartment
New
For Sale
$1,550,000
1059 S Harvard Blvd, Los Angeles, CA 90006
Fully occupied multifamily property with varied one- and two-bedroom layouts and resident parking.
Property Size5,026 SF
Lot Size0.14 Acres
Price / SF$308.40
Days on Market5
Property Features for 1059 S Harvard Blvd
General Information
Standard status
Active
Size
5,026 SF
Net Rentable
5,026 SF
Lot size
0.14 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Financials
Asking Price
$1,550,000
Cap Rate
6.96%
Gross Rent Multiplier
9.43
Units
Unit Mix
5 x 1BR/1BA, 1 x 1BR+Den/1BA, 2 x 2BR+Den/1BA
Multifamily Units
8
Building Details
Building Size
5,026 SF
Year Built
1955
Listing Agency:
BRC Advisors- BH
Listed By:
Griffin White · License #02031785
(949) 306-1175
Source:
Carolinakramer
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 20 at 11:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRC Advisors- BH
Investment Insights
Based on property information with market context.
The apartment property at 1059 S Harvard Blvd in Los Angeles includes eight units within approximately 5,026 rentable square feet on an approximately 5,921-square-foot lot. The unit mix comprises five one-bedroom, one-bathroom apartments; one one-bedroom, one-bathroom unit with a den; and two two-bedroom, one-bathroom units with dens. On-site parking is available for some residents.
Built in 1955, the property is fully occupied. Recent work includes installation of a new steel staircase, while four of the eight apartments were renovated before their current tenants moved in. The reported 9.43 gross rent multiplier and 6.96% capitalization rate provide additional operating metrics for evaluation. The property is located in Los Angeles, California 90006.
Built in 1955, the property is fully occupied. Recent work includes installation of a new steel staircase, while four of the eight apartments were renovated before their current tenants moved in. The reported 9.43 gross rent multiplier and 6.96% capitalization rate provide additional operating metrics for evaluation. The property is located in Los Angeles, California 90006.
Key Highlights
- Eight‑unit apartment property with approximately 5,026 rentable square feet
- Unit mix includes five 1‑bedroom units, one 1‑bedroom‑with‑den unit, and two 2‑bedroom‑with‑den units
- Approximately 5,921‑square‑foot lot with on‑site parking for some residents
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,030
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with varied one- and two-bedroom layouts and resident parking.
Where is this apartment building located?
The property is located at 1059 S Harvard Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Eight‑unit apartment property with approximately 5,026 rentable square feet; Unit mix includes five 1‑bedroom units, one 1‑bedroom‑with‑den unit, and two 2‑bedroom‑with‑den units; Approximately 5,921‑square‑foot lot with on‑site parking for some residents
