REDUCED - $221,739 per Unit in Los Feliz 1834 N Harvard Blvd 23 Unit Apartment Building $5,100,000 ($221,739/Unit) 5.90% Cap Rate Los Angeles, CA 90027

JUST REDUCED
*The Hollywood Capri Apartments is a 23-unit courtyard apartment community located at 1834 North Harvard Blvd, in 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. In all, the property has 16,812 SF of improvements on an over-sized 20,501 SF parcel, zoned LAR3. North Harvard Blvd is a quiet, tree-lined street adjacent to Franklin Avenue and steps away from the Franklin Avenue corridor. Building amenities include an intercom entry system, gated parking for 15 vehicles, a large courtyard with gathering spaces/seating areas, and on-site laundry facilities.
*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 spacious, and select units feature floor-to-ceiling windows and additional upgrades, including 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, offering 15 vehicle spaces, 10 covered parking spaces, and an additional 5 spaces located at the rear of the property. Electrical and gas utilities are separately metered and paid by residents.
Please contact exclusive listing agents for more information and a property tour.