510 N Harvard Blvd - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$3,700,000 USD
213-943-1897
510 N Harvard Blvd, Los Angeles, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/8
null | 5.01% Cap Rate

510 N Harvard Blvd
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • Long term ownership – the subject property has been owned for 40 years, offering a rare acquisition opportunity
  • There is 33 percent remaining rental upside through interior renovations
  • Located in a highly sought-after pocket just 1 mile from Larchmont Village, offering convenient access to boutique shops, popular eateries, and coffee
  • Electrical sub-panels have been upgraded in 2025 - Buyer to verify
  • The government required seismic retrofit work has already been completed, which saves a new investor substantially in capital and time
  • New ownership may add an ADU, offering potential for increased rental income and long-term appreciation (buyer to verify)

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 19-unit apartment community located at 510 North Harvard Boulevard. The subject property is located south of Melrose Avenue and east of Western Avenue. The property is in a desirable pocket bordering Larchmont, East Hollywood, & Koreatown. The building is near an array of shopping, along with a slew of vibrant restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment options. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 15,007 square foot parcel, the property is comprised of two bachelors, five studios, 10 one-bedroom units & two two-bedroom units. The property has 33% remaining rental upside through unit renovations along with on-site parking and on-site laundry facilities. 510 North Harvard Boulevard offers investors an opportunity to acquire a mid-sized asset in a desirable submarket in Los Angeles. The desirability of the surrounding area along with the value-add potential for a new owner, make 510 North Harvard Boulevard an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

19

PRICE/UNIT

$194,737

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19-Units Value-Add Near Larchmont Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,007 SF

ZONING

LAR3

APN/PARCEL ID

5521-010-027

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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