3754 S Harvard Boulevard, Los Angeles, CA 90018
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
$3,800,000
Est. payment /mo
36 Beds
9,560 SqFt
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Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 9,560 sqft

Price per Sqft $397

MLS Listing ID CL26843729

Bedrooms 36

HOA Y/N No

Year Built 2025

Lot Size 6,757 Sqft

Acres 0.16

Property Sub-Type OTHER

Property Description

We are pleased to present 3754 S Harvard Blvd, a newly constructed 2025 multifamily investment opportunity in the highly desirable Exposition Park neighborhood of Los Angeles. Offered at $397 per square foot, a significant discount to comparable new construction trading closer to $500 per square foot throughout Los Angeles, the property represents a rare opportunity to acquire a modern, stabilized asset well below replacement cost. The property is further supported by an in-place master lease generating a 6.17% cap rate from day one, providing investors with immediate, contractual, and low-management cash flow. The property consists of approximately 9,560 square feet across three fully furnished co-living units totaling 36 beds and 36 private bathrooms. Premium finishes throughout include quartz countertops, stainless steel appliances, tiled showers with glass enclosures, updated flooring, and in-unit washers and dryers, minimizing near-term capital requirements and maximizing tenant appeal. The master lease includes 5% annual rental escalations with the tenant responsible for utilities, vacancy, maintenance, and day-to-day operations, significantly reducing landlord exposure and delivering a passive, predictable ownership experience. Upon lease maturity, investors are well-positioned to capture meaningful upside through direct leasing at market rents. Rising construction costs, extended entitlement timelines, and increasing barriers to development make it nearly impossible for new competitors to deliver a comparable asset at a lower basis, creating a structural competitive advantage that protects long-term value and limits future supply pressure. Located near the Expo/Western Metro Station with direct access to Downtown Los Angeles, Mid-City, Culver City, and the Westside, the property benefits from proximity to USC's 46,000+ students and sits at the center of Exposition Park's anticipated transformation as a host neighborhood for the 2028 Los Angeles Summer Olympics. As a newly constructed asset, the property may offer meaningful tax benefits through accelerated depreciation and cost segregation strategies. Prospective buyers are encouraged to consult their tax advisors regarding these opportunities. Combining a below-replacement-cost basis of $397 per square foot, a contractual 6.17% cap rate, structured annual rent growth, modern construction, and limited management obligations, 3754 S Harvard Blvd is a rare stabilized income opportunity in one of Los

Location

State CA

County Los Angeles

Zoning LAR2

Interior

Heating Natural Gas

Cooling Central Air

Flooring Wood

Fireplace No

Laundry Washer

Exterior

Total Parking Spaces 5

Building

New Construction No

Others

Tax ID 5041033007


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Bridge MLS
Listed by Benjamin Lee • Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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