963 N Harvard Blvd
Los Angeles, CA 90029
$70K PRICE REDUCTION | 6 Units: $204,167/Unit · Multifamily Property For Sale · 6 Units

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 963 North Harvard Boulevard, a six-unit apartment complex located in East Hollywood. Positioned just east of Western Avenue and south of Santa Monica Boulevard, the property is located in a rapidly gentrifying sub-market of Los Angeles. While the property has been well maintained, it is ideally suited for a comprehensive renovation that would allow investors to take advantage of the upside in rental income. Originally constructed in 1954, the subject property is comprised of four one-bedroom/one-bath units and two two-bedroom/one-bath units. The subject property is situated on a 5,750 square foot parcel. Three of the units have been recently upgraded. Residents of Harvard Boulevard also benefit from the close proximity to multiple bus-lines, the Metro Red-Line, and nearby retail. Due to its 1954 construction, the property is subject to Los Angeles rent control statutes. 963 North Harvard offers investors the unique opportunity to acquire a well-located East Hollywood asset with the ability for an investor to capitalize on the strong rental upside potential.