139 N Harper Ave - Apartments FOR SALE


Los Angeles, CA 90048- Beverly Grove
$1,900,000 USD
718-406-3128
139 N Harper Ave, Los Angeles, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/64
null | 3.72% Cap Rate

139 N Harper Ave
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • Unbeatable Location
  • Proximity to Major Job Hubs
  • Ideal for Owner-Occupiers & Investors
  • Privacy & Outdoor Space
  • Significant Value-Add Potential
  • Secure Parking & ADU Potential

OVERVIEW

Unbeatable Location Nestled in one of Los Angeles’ most sought-after rental markets, this property is just minutes from Beverly Hills, West Hollywood, and Cedars-Sinai Medical Center. The neighborhood attracts high-in-come tenants seeking a vibrant, walkable lifestyle. Proximity to Major Job Hubs Conveniently located near Century City, Hollywood, and the Miracle Mile—home to leading media, entertainment, and tech companies—this property benefits from strong, ongoing rental demand from professionals and creatives. Ideal for Owner-Occupiers & Investors There is one two-bedroom, two-bath unit that will be delivered vacant, featuring in-unit laundry and a private yard—perfect for an owner-occupier. Additionally, there are three one-bedroom, one-bath units with spacious layouts and a mix of laminate and tile flooring. Privacy & Outdoor Space A secluded front and side yard, shaded by mature trees, offers a rare sense of tranquility in the heart of the city—an attractive feature for both tenants and owner-occupants. Significant Value-Add Potential Current rents average $1,700 per month for the occupied units, all of which remain unrenovated. With strategic upgrades, rents are projected to reach $2,500–$3,000 per month, providing a strong upside in both cash flow and property value. Secure Parking & ADU Potential Two separate two-car garages offer secure parking and the potential for ADU (Accessory Dwelling Unit) conversion, creating additional income opportunities. Exceptional Walkability & Lifestyle Amenities With a Walk Score of 93, residents are just steps from The Grove, Farmers Market, parks, restaurants, and boutique shops, ensuring a highly desirable living experience.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$506 USD /SF

# OF UNITS

4

PRICE/UNIT

$475,000

CAP RATE

3.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,142 SF

ZONING

RD1.5-1-O

APN/PARCEL ID

5511-008-012

ASK ABOUT THIS PROPERTY

Sam LiberowMarcus & MillichapMore Info
718-406-3128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sam LiberowMarcus & MillichapMore Info
718-406-3128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.