3995 Harvard Blvd | Close to USC | 3.5% Assumable Loan
Multifamily | 25 Units | $239,000/unit
Marketing description
Introducing a rare opportunity to own a piece of Los Angeles history: a 25-unit Art Deco apartment complex built in 1923, located at 3994-3997 S Harvard Blvd. 90062. This preserved historical building is only one mile from USC and BMO stadium. There is a generous mix of one and two bedroom units distributed through seven housing structures on a generous 28,777 sq ft lot. The property is eligible for both the State and National registry of Historical Buildings which gives significant financial incentives including property tax reduction through the Mills Act and federal income tax credits. The property also includes convenient on-site parking with 7 enclosed garages and an additional 14 open parking spots.
Investment highlights
Unique and rare historic building
Building eligible for property tax reduction and federal income tax credits
Majority of rents are paid by Federal Government through HCV
Predominantly two-bedroom units with a good mix of 1-bedroom units
On site laundry
7 Garages and 14 parking spaces
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