Mark Rafeh - Commercial Real Estate Showcase

Mark Rafeh Property Listings
Managing Principal
Promark Investments Inc
223 E Thousand Oaks Blvd
Suite 412
Thousand Oaks, CA 91360-5803

807 - 813 N Harvard Boulevard

Los Angeles, CA 90029-3315 - East Hollywood MF Submarket

Property Type:Multi-Family Number of Units:5 Status:Existing Year Built:1922
Stories:- Building Size:3,652 SF Land Area:.33 AC (14,558 SF)
For Sale Price:$1,750,000 Price/Unit:$350,000.00 Cap Rate:5.71 % GRM:13.79


Sale Notes:
(Proforma) Net Operating Income: $80,504

The Mark Rafeh Group is pleased to present 807-813 N. Harvard Blvd. The property is located on a charming street near Melrose Hill and Silver Lake. There are 5 units on two separate parcels that are next to each other, a triplex on 807-809 N. Harvard and a Duplex on 811-813 N. Harvard. The total lot size is 14,556 sq ft and is zoned RD1.5. The seller has submitted for a tentative tract map approval for 9 SFR' s and has all reports and plans available. There is currently one vacant unit and the remaining tenants have signed agreements to vacate. The seller will pay the tenant relocation expenses prior to the close of escrow. This allows the buyer to consider multiple execution options.
The site could also potentially be developed as an apartment project (buyer to do their own investigation).

Promark Investments Inc
Mark Rafeh
(805) 915-1622

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