$1,550,000
 $8,321 est/mo Sourced by Back At You

1059 S Harvard Boulevard,Los Angeles, CA 90006

Los Angeles, CA 90006

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Description

We are pleased to offer 1059 S. Harvard Boulevard, a fully occupied eight-unit multifamily investment property located in Los Angeles, California 90006. The property offers an attractive and diversified unit mix consisting of five one-bedroom, one-bathroom units, one one-bedroom with den, one-bathroom unit, and two two-bedroom with den, one-bathroom units. The improvements total approximately 5,026 rentable square feet and are situated on an approximately 5,921-square-foot lot. The property also provides on-site parking for some residents. Offered at $1,550,000, the property represents a stable, income-producing investment opportunity with an attractive 9.43 gross rent multiplier and a 6.96% capitalization rate. The property is currently fully occupied, providing an investor with immediate and consistent rental income from the date of acquisition. Recent capital improvements include a new steel stair case and four of the eight units recently being renovated prior to tenant move-in. With its strong current cash flow, favorable unit mix, recent improvements, and full occupancy, 1059 S. Harvard Boulevard offers investors a compelling opportunity to acquire a stabilized multifamily asset at an attractive basis in the Los Angeles market.

Details

MLS #26989645
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site48
Listing Provided ByBRC Advisors- BH | Griffin White

Features

Bed(s)10
Bath(s)8
SQ Feet5,026
Story(s)1
Units8
Building(s)2
ZoningLAR4
Acreage0.14

Interior

CoolingNone
Cooling Yes / NoNo

Parking

Parking FeaturesDriveway

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaC17 Mid Wilshire
Listing VS Median (in 90006)
Price:
$1,550,000
low | high
Med:
$850,000
95.161290322581% of Average
sqft:
5,026
low | high
Med:
1,820
100% of Average
$ / sqft:
$308
low | high
Med:
$502
12.760293902158% of Average
On site:
48
low | high
Med:
102.5
46.829268292683% of Average
Sourced by Back At You

Market Activity 90006

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaC17 Mid Wilshire
Listing VS Median (in 90006)
Price:
$1,550,000
low | high
Med:
$850,000
95.161290322581% of Average
sqft:
5,026
low | high
Med:
1,820
100% of Average
$ / sqft:
$308
low | high
Med:
$502
12.760293902158% of Average
On site:
48
low | high
Med:
102.5
46.829268292683% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.162M - $1.937M
sqft: 3,500 - 6,000
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Listing Updated: September 28, 2026 at 10:13:28 PM PDT