2222 Cambridge St
Los Angeles, CA 90006
18 Units Harvard Heights!!! Price Reduced · Multifamily Property For Sale · 18 Units

2222 Cambridge Street “The Cambridge” is a 9,064 SF multifamily property located in a growing Los Angeles submarket called Harvard Heights, which is known for its plethora of historic two story craftsman style homes. The property resides on a 6,250 square foot lot. The Cambridge, built in 1912, is in historic Harvard Heights, a Los Angeles submarket known for its cultural diversity, multitude of historic craftsman style homes, and eclectic retail and food options. The Cambridge is comprised of sixteen studio apartments and two 1 bedroom + 1 bathroom units. Seven of the units have been renovated and are setting the bar for rental comps in the immediate area. An onsite manager provides ease of management for the tenants and ownership. History runs deep for the location of this property. Harvard Heights is a designated Historic Preservation Overlay Zone (HPOZ) which is great a situation for the owner of this building, because the amount of multifamily buildings that can be built is limited, resulting in less competition. Cambridge Street is lined with Craftsman style and Victorian homes built in the early 1900’s. Directly across from the subject property is the Lucy Wheeler house, built in 1905 and designated as Historic Cultural Monument #991. The property is located in the middle of Los Angeles which provides quick access to anything a potential tenant might want. Downtown L.A. for working professionals, USC for students, Koreatown for nightlife activities such as The Wiltern are all minutes away and the 10 freeway can be accessed to head to the beach on a sunny day.