ResidentialIncome — 441 N Harvard Boulevard, Los Angeles, CA
$2,950,000
441 N Harvard Boulevard, Los Angeles, CA
About this property
A newly constructed investment should do more than generate income—it should give you options. Welcome to 441 N Harvard Blvd, a turnkey fourplex in the heart of Mid-Wilshire designed for investors who value flexibility, efficiency, and long-term wealth creation. Currently operating as a successful short-term rental with income exceeding the projected pro forma, the property can be delivered fully furnished with transferable short-term rental permits, fully leased through an ongoing lease-up, or vacant, allowing the next owner to execute the strategy that best fits their investment goals. Completed in 2025 and exempt from local rent control, this Green Certified property was built to minimize ownership costs while maximizing cash flow. Every unit is individually metered for electricity, gas, and water, leaving virtually no landlord-paid utilities. Paid-off solar, separate HVAC systems and energy-efficient construction further reduce operating expenses, while a 1-year builder warranty provides additional peace of mind. Each residence has been thoughtfully finished with quartz countertops, soft-close cabinetry, luxury vinyl plank flooring, designer tile bathrooms, brand new appliances, private balconies, in-unit laundry, spacious open-concept living areas, and en-suite bathrooms, creating a product that stands well above the typical rental inventory. With 11 on-site parking spaces, including two garages, the property offers an amenity package rarely found in newly built multifamily assets. Projected gross annual income of approximately $230,220 and a projected NOI of approximately $176,877 combine with low operating expenses to create a true turnkey investment. As new construction, the property may also present attractive depreciation opportunities for qualified buyers—buyers should consult their tax advisor regarding available tax benefits. Ideally situated near Larchmont Village, Hancock Park, Koreatown, Hollywood, Paramount Studios, Netflix, Metro transit, and major employment centers, these units offer access to one of Los Angeles' deepest and most resilient tenant pools. Whether you're completing a 1031 exchange, purchasing your first multifamily asset, or expanding an institutional-quality portfolio, opportunities like this are exceptionally rare: a brand-new, low-maintenance, separately metered, fully furnished investment that can be operated as a premium long-term rental or continue generating income through short-term accommodations from day one.
Property details
Location
441 N Harvard Boulevard • Los Angeles, CA 90004
Listed by
Drew Dunn · Four Brothers Real Estate, Inc.