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    1834 Harvard Blvd Los Angeles, CA 90027

    Sponsored
    For Sale
    $5,250,000

    23-Unit Los Feliz Apartment Building

    Property size:
    16,812 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 23-unit apartment building, located at 1834 N Harvard Blvd in Los Angeles, CA 90027, presents a compelling investment opportunity. Built in 1955, this two-story, 16,812 square foot building sits on a 20,501 square foot lot zoned LAR3. The property boasts a 100% occupancy rate, generating a current NOI of $262,785 and a pro-forma NOI of $477,564, representing a 5.01% cap rate and a pro-forma cap rate of 9.10%. The asking price is $5,250,000, or $228,261 per unit. The unit mix includes two 2-bedroom/1-bathroom units, one studio, and twenty 1-bedroom/1-bathroom units. Amenities include a gated courtyard with a pool and seating areas, intercom entry, on-site laundry, and 15 parking spaces (10 covered). Recent improvements include a completed soft-story retrofit (2019), new guardrails (2023), and gas shut-off valves (2019). The property benefits from a highly walkable location (Walk Score of 88), proximity to public transportation (8-minute walk to the Metro B Line), and its position in the desirable Los Feliz neighborhood, close to Franklin Avenue's vibrant dining and entertainment scene. Utilities are separately metered. This property offers a rare chance to acquire a well-maintained, high-performing asset in a prime Los Angeles location.

    Property Features for 1834 Harvard Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    16,812 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    2
    Units
    23

    HighLights

    • Investment opportunity: 23‑unit apartment complex in Los Feliz (90027) at 1834 N Harvard Blvd.
    • Excellent Los Feliz location near Franklin Avenue, offering walkability to cafes, restaurants, and proximity to major employment centers in Hollywood and Downtown LA.
    • High Walk Score of 88; very walkable location.
    • Strong employment market in the Hollywood‑Silver Lake submarket.
    • High barrier to homeownership in the 90027 zip code, with median single‑family home prices exceeding $2,280,250.
    • 15 on‑site parking spaces (10 covered); completed soft‑story seismic retrofit (2020).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3046496
    Latitude
    34.1046534

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    FAQs

    What type of property is this?
    Multifamily property - 23-Unit Los Feliz Apartment Building
    Where is this multifamily property located?
    The property is located at 1834 Harvard Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: Investment opportunity: 23-unit apartment complex in Los Feliz (90027) at 1834 N Harvard Blvd.; Excellent Los Feliz location near Franklin Avenue, offering walkability to cafes, restaurants, and proximity to major employment centers in Hollywood and Downtown LA.; High Walk Score of 88; very walkable location.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1834 Harvard Blvd Los Angeles, CA 90027
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