428 Harvard BlvdLos Angeles, CA 90004

This exceptional Koreatown investment opportunity presents a newly renovated (2022) three-unit apartment building, boasting 3,303 square feet of living space on a 5,972 square foot lot. The property, originally built in 1915 and completely renovated, features a mix of one, two, and three-bedroom units, all currently 100% occupied with market-rate tenants. Each unit includes modern amenities such as stainless steel appliances, designer bathrooms with oversized showers, in-unit washer/dryers, and hardwood flooring. The building offers a strong NOI of $75,699, resulting in a 4.21% cap rate and a price per square foot of $544.90. Located in a prime location, just steps from the Wiltern Theatre and numerous shops and entertainment venues, this property benefits from a Walk Score of 97 and is a short drive to Larchmont Village, Paramount Studios, and Netflix headquarters. The property is situated in a high-demand rental market, further enhanced by the proximity to the Purple Line station. The permitted zoning is LAR3. This stabilized asset presents a compelling opportunity for investors seeking a worry-free 1031 exchange opportunity or a strong, cash-flowing investment in a vibrant Los Angeles neighborhood. The address is 428 N Harvard Blvd, Los Angeles, CA 90004, with APN 5521-024-005. The asking price is $1,799,800, representing a price per unit of $599,933.33. All units are separately metered.