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Harvard Townhomes - Built 2020 - 5.49% CAP 635 N Harvard Blvd 7 Unit Apartment Building $3,549,000 ($507,000/Unit) 5.45% Cap Rate Los Angeles, CA 90004
INVESTMENT HIGHLIGHTS
- Modern Construction: Built in 2020, offering contemporary finishes and low-maintenance newer constructions
- Low Operating Costs: Newer construction combined with tenant-paid utilities, including trash
- Attractive Financing Environment: Investors can take advantage of trending downward interest rates
- Highly Desirable Non RSO Property: Not subject to AB1482, providing flexibility in rent adjustments
- Excellent Unit Mix: Comprises two and three bedroom units plus a studio ADU, appealing to a wide tenant base
- Strong Rental Demand: Located in a vibrant, urban submarket attracting professionals, creatives, and families
EXECUTIVE SUMMARY
** JUST REDUCED $96,000** Jared Levine of JML Real Estate Group / KW Commercial, the exclusive listing agent, is pleased to present Harvard Townhomes, a modern 7-unit multifamily asset ideally located in the vibrant East Hollywood submarket of Los Angeles. Built in 2020, the property sits on a 7,509 SF lot with a 6,398 SF building footprint, zoned LAR3. Harvard Townhomes features an excellent mix of two- and three-bedroom units, as well as a studio ADU, appealing to a broad tenant base seeking modern comforts and convenience. This highly desirable non-RSO property, not subject to AB1482, offers investors a unique opportunity to acquire a newer construction asset with lower operating costs and attractive CAP Rate.
Harvard Townhomes presents a rare chance to invest in a newer, turnkey asset with modern amenities designed for today’s renters. The property features in-unit laundry, central A/C, secured access, and dedicated parking. Tenants pay for utilities, including trash, helping optimize operating efficiency. With interest rates trending downward, investors can take advantage of attractive financing while benefiting from the property’s strong fundamentals, excellent unit mix, and low-maintenance newer construction.
Strategically situated near Melrose Avenue and Western Avenue with easy access to the 101 Freeway, Harvard Townhomes offers exceptional connectivity to major employment hubs, transit lines, and lifestyle amenities across East Hollywood and Greater Los Angeles. The property’s location in a highly sought-after urban area ensures strong rental demand, drawing professionals, creatives, and families seeking modern living in a central, vibrant neighborhood.
Please call or email for an OM.
Harvard Townhomes presents a rare chance to invest in a newer, turnkey asset with modern amenities designed for today’s renters. The property features in-unit laundry, central A/C, secured access, and dedicated parking. Tenants pay for utilities, including trash, helping optimize operating efficiency. With interest rates trending downward, investors can take advantage of attractive financing while benefiting from the property’s strong fundamentals, excellent unit mix, and low-maintenance newer construction.
Strategically situated near Melrose Avenue and Western Avenue with easy access to the 101 Freeway, Harvard Townhomes offers exceptional connectivity to major employment hubs, transit lines, and lifestyle amenities across East Hollywood and Greater Los Angeles. The property’s location in a highly sought-after urban area ensures strong rental demand, drawing professionals, creatives, and families seeking modern living in a central, vibrant neighborhood.
Please call or email for an OM.
PROPERTY FACTS
| Price | $3,549,000 | Apartment Style | Low-Rise |
| Price Per Unit | $507,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.45% | Building Size | 6,398 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Parking Ratio | 1.56/1,000 SF |
| Zoning | LAR3 | ||
| Price | $3,549,000 |
| Price Per Unit | $507,000 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Sale Condition | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 6,398 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2020 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 2 | - | - |
| 3+2 | 2 | - | - |
| 3+2.5 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 5521-005-021 | Improvements Assessment | $1,039,134 |
| Land Assessment | $2,424,647 | Total Assessment | $3,463,781 |
PROPERTY TAXES
Parcel Number
5521-005-021
Land Assessment
$2,424,647
Improvements Assessment
$1,039,134
Total Assessment
$3,463,781
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Harvard Townhomes - Built 2020 - 5.49% CAP | 635 N Harvard Blvd
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