Property Overview

Facts

  • Location 3995 South Harvard Boulevard, Los Angeles CA
  • Building Size 22,236 SF
  • Lot Size 28,777 SF
  • Units 25
  • Asset Class Multi Family

Historic Art Deco Multifamily with Tax Incentives and Assumable Financing

Acquire a rare, historic 25-unit Art Deco building originally constructed in 1923, located minutes from USC and BMO Stadium. This unique asset provides an investor with significant financial advantages, as it is eligible for both State and Federal Historic Building Registry status and sits within an Opportunity Zone, offering potential Capital Gains exclusion and other income tax credits (like the Mills Act).

The property features a flexible mixed-unit configuration of one- and two-bedroom units designed to attract a wide range of tenants, ensuring steady occupancy. On-site revenue generation is enhanced by laundry and parking facilities, which include 7 enclosed garages and 14 additional open parking spots. A critical advantage is the available assumable loan at an attractive 3.5% interest rate for qualified buyers, providing an excellent, low-cost financing option.

Highlights

• Mixed-Unit Configuration

• Eligible for Tax Incentives

• Historic and Rare Art Deco Building
• On-Site Parking and Garages

• Revenue-Generating Amenities

• Assumable Loan

Location Map

Team

Brennan Fobel

Brennan Fobel

Senior Commercial and Retail Adviser
Century City
Centennial Advisers

Centennial Advisers