1834 N Harvard Blvd - Apartments FOR SALE


Los Angeles, CA 90027
$5,250,000 USD
213-305-9026
1834 N Harvard Blvd, Los Angeles, CA for Sale
$5,250,000 USD
Apartments - FOR SALE
1/11
null | 5% Cap Rate

1834 N Harvard Blvd
Los Angeles, CA 90027


HIGHLIGHTS

  • 1834 N Harvard Blvd is a fantastic opportunity to acquire a 23-unit courtyard apartment community in Los Feliz (90027)
  • Located in Los Feliz, 1834 N Harvard Blvd is adjacent to Franklin Ave and a short distance from many shops and 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 and ownership completed the mandatory soft-story retrofit (2020)

OVERVIEW

KW Commercial, as exclusive listing agents, is pleased to present The Hollywood Capri Apartments, a 23-unit courtyard apartment community located at 1834 North Harvard Blvd, 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. The property has 16,812 SF of improvements on an oversized 20,501 SF parcel, zoned LAR3. Building amenities include intercom entry, gated parking for 15 vehicles, a large courtyard with gathering spaces/seating areas, and on-site laundry. 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 very spacious and select units have floor-to-ceiling windows and cursory improvements such as 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 with parking for 15 vehicles – 10 covered parking spaces and an additional 5 spaces at the rear of the property. Electrical and gas utilities are separately metered and paid by residents. North Harvard Blvd is a quiet, tree-lined street adjacent to Franklin Avenue and steps away from the Franklin Avenue corridor. Los Feliz is a premier rental destination in Los Angeles and commands rents comparable to many Westside and beach communities. Los Feliz attracts young and diverse residents who appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 1834 N Harvard Blvd is a short distance from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles. 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. 1834 North Harvard Boulevard is an eight-minute walk from the Metro B Line (Red) at the Hollywood / Western Station stop. This location is in the Greater Griffith Park neighborhood in Los Angeles. Nearby parks include Barnsdall Park, Barnsdall Park, and Lemon Grove Park.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

23

PRICE/UNIT

$228,261

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hollywood Capri Apartments

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

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

Rich JohnsKW CommercialMore Info
213-305-9026

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