3754 S Harvard Blvd
Los Angeles, CA 90018
3754 S Harvard Blvd · Immeuble residentiel Bien À vendre · 3 Lots

The Ben Lee Group is pleased to present 3754 S Harvard Blvd, a newly constructed 2025 multifamily investment opportunity located in the highly desirable Exposition Park neighborhood of Los Angeles. The property consists of approximately 9,560 square feet and features three fully furnished residential units totaling 36 beds and 36 private bathrooms, designed to meet the strong demand for student and workforce housing in one of Los Angeles’ most active rental markets.
Built with modern construction standards, the property offers premium finishes throughout, including quartz countertops, stainless steel appliances, tiled showers with glass enclosures, updated flooring, and in-unit washer and dryer amenities. The turnkey nature of the asset minimizes near-term capital expenditure requirements while enhancing tenant appeal and long-term operational efficiency.
One of the most attractive features of the offering is the existing master lease structure, which provides investors with immediate, predictable, and low-management cash flow. The property is currently subject to a master lease guaranteeing full occupancy and includes 5% annual rental escalations, creating built-in income growth throughout the lease term. Under the lease, the tenant is responsible for utilities, maintenance, and day-to-day operations, significantly reducing landlord responsibilities and operational risk while delivering a more passive ownership experience.
The master lease provides stable in-place income today while preserving future upside through potential rent adjustments upon lease maturity, offering investors a compelling balance between cash flow security and long-term appreciation potential. From a valuation perspective, the property is offered at approximately $397 per square foot, representing a significant discount to current replacement costs for comparable new construction throughout Los Angeles. Rising construction costs, extended entitlement timelines, and increasing barriers to development make it difficult for new competitors to deliver comparable housing at a similar basis. This below-replacement-cost acquisition opportunity provides investors with a meaningful competitive advantage while helping protect long-term value and limiting future supply pressure.
The property is further supported by a strong 6.17% cap rate, offering an attractive yield compared to many conventional multifamily investments currently trading throughout the Los Angeles market. Its strategic location near the Expo/Metro Station provides convenient access to Downtown Los Angeles, Mid-City, Culver City, and the Westside, supporting strong tenant demand through connectivity to major employment centers, universities, entertainment destinations, and transportation corridors. As a newly constructed asset, the property may also provide meaningful tax benefits through accelerated depreciation strategies and cost segregation opportunities, which prospective buyers are encouraged to evaluate with their tax advisors.
Combining a below-replacement-cost basis of approximately $397 per square foot, a fully occupied master lease with annual rent growth, modern construction, limited management obligations, strong in-place cash flow, and long-term upside potential, 3754 S Harvard Blvd represents a rare opportunity to acquire a stabilized, income-producing multifamily asset in one of Los Angeles’ most dynamic and supply-constrained submarkets.