846 N Harvard Blvd - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood | 
$1,470,000 USD
310-606-0192
846 N Harvard Blvd, Los Angeles, CA for Sale
$1,470,000 USD
Apartments - FOR SALE
1/20
null | 5.27% Cap Rate

846 N Harvard Blvd
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • ONE UNIT DELIVERED VACANT for owner occupancy or immediate lease up at market rent
  • Generously sized one-bedroom residences with an estimated ±900 SF UNIT SIZE
  • 1920’s SPANISH CHARACTER -Classic Spanish Colonial Revival architecture with significant original character
  • CENTRAL EAST HOLLYWOOD LOCATION- Convenient access to Hollywood, Larchmont Village, Los Feliz, Koreatown, Silver Lake and Downtown Los Angeles

OVERVIEW

Growth Investment Group is proud to present 846 N Harvard Boulevard. A compelling opportunity to acquire a classic Spanish-style four-unit property in the heart of East Hollywood. Built in 1924, the property consists of four large one-bedroom, one-bathroom residences totaling approximately 3,632 square feet on an approximately 5,249-square-foot lot. A key feature of the offering is that one unit will be delivered available, creating immediate flexibility for either an owner-occupant or value-add investor. An owner-user has the opportunity to move into and renovate the vacant residence to their own taste while benefiting from rental income generated by the property’s three remaining units. Alternatively, an investor can immediately renovate and reposition the vacant unit, establishing a higher rental benchmark while continuing to collect income from the occupied units. The property’s classic 1920s Spanish architecture provides character increasingly difficult to replicate in newer multifamily construction. The residences feature approximately 900-square-foot floor plans, with original architectural details and generous living spaces providing an excellent foundation for thoughtful renovation and long-term repositioning. Garage parking serving two of the four units further enhances the property’s functionality and appeal in this centrally located Los Angeles neighborhood. Located in East Hollywood, 846 N Harvard Boulevard benefits from a highly central location with convenient access to Hollywood, Larchmont Village, Los Feliz, Koreatown, Silver Lake and Downtown Los Angeles. The surrounding neighborhood offers a dense mix of employment, dining, retail and entertainment destinations, supporting continued demand for well-located rental housing. Whether acquired by an owner-occupant looking to begin investing in real estate while offsetting housing costs, or by an investor seeking a character-rich multifamily asset with immediate value-add potential, 846 N Harvard offers a distinctive combination of flexibility, income, architectural character and long-term upside.

FOR SALE DETAILS

PRICE

$1,470,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

4

PRICE/UNIT

$367,500

CAP RATE

5.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hollywood 4-Plx Melrose Hill

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,249 SF

ZONING

LARD1.5

APN/PARCEL ID

5535-034-009

ASK ABOUT THIS PROPERTY

Justin McCardleGrowth Investment Group CaliforniaMore Info
310-606-0192

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

Justin McCardleGrowth Investment Group CaliforniaMore Info
310-606-0192

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