1834 Harvard Blvd Los Angeles, CA 90027-3668

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.