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1639 N Harvard Blvd
Los Angeles, CA 90027
Multifamily Property For Sale
·
5 Units
Investment Highlights
- LOCATION! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood!
- Property zoned RD1.5 for the perfect re-development opportunity! TOC Tier 3 - allows 70% density bonus.
- Rear structure is a duplex (1,554 sq ft) - each unit 2 bedrooms / 1 bath.
- Area undergoing a major revitalization filled with exciting developments. Highest CAP rate in the area - 5.86%! At least 45% in rental upside!
- Front building hosts 3,687 sq ft with 3 townhome style (bi-level) units all 2 bedroom & 1.5 baths.
- GSI: $122,190 - NOI: $93,790 - $305.28/sq. ft (building) / $228.44/sq. ft (lot) - GRM: 13.09 - ONE UNIT VACANT! PROFORMA: $2,850 SELLER WILL CARRY!!
Property Facts
| No. Units | 5 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 5,241 SF |
| Property Subtype | Apartment | Average Occupancy | 80% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1931 |
| Zoning | RD1.5 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,241 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1931 |
| Zoning | RD1.5 |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Washer/Dryer Hookup
- Tile Floors
- Hardwood Floors
- Dining Room
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $2,225 | - |
| 2+1 | 2 | $1,866 | - |
Property Taxes
| Parcel Number | 5544-018-019 | Improvements Assessment | $416,160 |
| Land Assessment | $1,196,460 | Total Assessment | $1,612,620 |
Property Taxes
Parcel Number
5544-018-019
Land Assessment
$1,196,460
Improvements Assessment
$416,160
Total Assessment
$1,612,620
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