1834 Harvard Blvd Los Angeles, CA 90027
- Apartment buildings
- 16,812 SF
- 0.47 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1834 Harvard Blvd
- Year built
- 1955
- Construction
- WOOD
- Lot size
- 0.47 lot acres
- Property size
- 16,812 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 5544-010-004
- APU
- 5544010004
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.305
- Latitude
- 34.1046
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
