1834 N Harvard Blvd - Apartments FOR SALE


Los Angeles, CA 90027- Los Feliz
$5,100,000 USD
213-305-9026
1834 N Harvard Blvd, Los Angeles, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/9
null | 5.9% Cap Rate

1834 N Harvard Blvd
Los Angeles, CA 90027
Los Feliz


HIGHLIGHTS

  • JUST REDUCED - 23 Units in Los Feliz - 23 Units located at 1834 North Harvard Blvd, in Los Angeles, CA 90027 (Los Feliz).
  • Short distance from numerous café’s and dining options and is just a short drive from the City's primary employers in Hollywood and DTLA.
  • 1834 N Harvard Blvd has a Walk Score of 88 out of 100. This location is Very Walkable, so most errands can be accomplished on foot.
  • The Hollywood-Silver Lake submarket is one of the strongest employment centers in the Los Angeles MSA and offers access to a diverse set of employers
  • There is a significant affordability gap to home ownership within the 90027 zip-code, with the median SFR selling for more than $2,280,250.
  • There are fifteen (15) onsite parking spaces -- 10 covered parking spaces and an additional 5 spaces at the rear of the property.

OVERVIEW

JUST REDUCED *The Hollywood Capri Apartments is a 23-unit courtyard apartment community located at 1834 North Harvard Blvd, in Los Angeles, CA 90027 (Los Feliz). *The property is being offered for sale for the first time in over 40 years, providing investors with a rare opportunity to acquire an irreplaceable asset in one of LA's most dynamic neighborhoods. *Built in 1955, 1834 North Harvard Blvd is a mid-century courtyard property with many period details. The 23 units surround a large open-air courtyard with a pool and seating areas for tenant enjoyment. In all, the property has 16,812 SF of improvements on an over-sized 20,501 SF parcel, zoned LAR3. North Harvard Blvd is a quiet, tree-lined street adjacent to Franklin Avenue and steps away from the Franklin Avenue corridor. Building amenities include an intercom entry system, gated parking for 15 vehicles, a large courtyard with gathering spaces/seating areas, and on-site laundry facilities. *An exceptional unit composition consists of two (2) 2 Bedroom/1 Bathroom units, one (1) Studio apartment, and twenty (20) 1 Bedroom/1 Bathroom apartment homes. All apartments are spacious, and select units feature floor-to-ceiling windows and additional upgrades, including new flooring, ceiling fans, and partially updated bathrooms and kitchens. *Current ownership completed the mandatory soft-story retrofit in 2019, installed 210 feet of new guard rails in 2023, and installed gas shut-off valves in 2019. *Resident parking is accessed through a private, gated driveway, offering 15 vehicle spaces, 10 covered parking spaces, and an additional 5 spaces located at the rear of the property. Electrical and gas utilities are separately metered and paid by residents. Please contact exclusive listing agents for more information and a property tour.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

23

PRICE/UNIT

$221,739

CAP RATE

5.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

REDUCED - $221,739 per Unit in Los Feliz

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,501 SF

ZONING

R3

APN/PARCEL ID

5544-010-004

ASK ABOUT THIS PROPERTY

Rich JohnsKW CommercialMore Info
213-305-9026

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Rich JohnsKW CommercialMore Info
213-305-9026

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