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2718 W 15th — Los Angeles | Belmont Brokerage | Belmont Brokerage

Active

+26 more

$1,199,000

2 DOM

— bd— ba— sqft

Call

2718 W 15th Los Angeles, CA 90006

6,502sqft lot

5-Unit Investment Opportunity in Harvard Heights | Two Detached Buildings Located in the heart of historic Harvard Heights, just south of Koreatown, this rare 5-unit property offers a compelling blend of steady income and owner-user potential. Situated on a generous lot with two separate structures, this property provides both privacy and flexibility in one of Los Angeles’ most sought after rental markets. The front building features four well-maintained 1-bedroom, 1-bathroom units, each with a similar, efficient layout including in unit laundry, that maximizes livable space and tenant appeal. All four units are currently tenant-occupied, offering immediate and consistent rental income. Tucked away at the rear of the property is a detached 2-bedroom, 2-bathroom unit delivered vacant, an ideal opportunity for an owner-user, premium rental, or multigenerational living. This unit is complemented by its own detached garage, adding convenience and additional value. The property’s configuration allows for separation between the income-producing units and the private rear residence, making it a versatile asset for both seasoned investors and buyers looking to offset their mortgage with rental income. Enjoy close proximity to neighborhood favorites including Dawooljung Korean Garden, Peace Awareness Labyrinth & Gardens, Velaslavasay Panorama, and Harold A. Henry Park. Dining and nightlife options are abundant with Road to Seoul Korean BBQ, Myung In Dumplings, Tacos Tu Madre, and Harvard Yard Bar just minutes away. Everyday conveniences such as Aqua Best, La Campanita Meat Market, Sally Beauty, and local wellness spots like Misarang Beauty are all nearby. A rare opportunity to acquire a multi unit property with strong fundamentals and upside potential in a centrally located, high demand rental corridor of Los Angeles.

MLS DW26075474

323-403-4519 (Office) 626-234-7821 (Cell) jimmy@LAHomeboy.com

Est. payment

$7,662/mo

Principal & interestTaxesInsurance

$6,063$1,249$350

Down %

Rate %

Years

Down payment: $239,800 · Total cost: $2,422,407

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$7,662/mo

Principal & interest: $6,063
Est. property tax: $1,249
Est. insurance: $350
Down payment: $239,800

Est. gross rent$4,996/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,666/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.