
Closed Listing
8 Units with 4.45% CAP & 13.5 GRM on Current Rents
1801 n harvard blvd
sold in
East Hollywood
Sold At
$
2,085,000
8
Number of Units
1956
Year Built
6,887 SF
SF
Square Footage
7,383
SF
Lot Size
LAR3
Zoning
1801 N Harvard Blvd, Los Angeles, CA 90027
About the Property
1801 N Harvard Blvd is a well-maintained eight-unit property in East Hollywood operating at a 4.45% cap and 13.50 GRM on current rents. Located just south of Franklin Ave (adjacent to Los Feliz), the subject property is conveniently located by several neighborhood hubs filled with large Hollywood employers (Children's Hospital LA, Hollywood Presbyterian, Sunset Gower Studios), a city college (LACC) and a wide array of independent businesses. Built in 1956, 1801 N. Harvard features (1) 2-bdrm. unit and (7) 1-bdrm. units that average approx. 800 SF each. These units present a value-add opportunity, as current rents are approx. 21% below market compared to renovated units in the area. Capital improvements include a new roof and fresh exterior paint. Please note, soft-story retrofitting is not required.
8
Number of Units
1956
Year Built
6,887 SF
SF
Square Footage
7,383
SF
Lot Size
LAR3
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$260,625
Price p/ Sq. ft.
$303
Proforma Cap Rate
6.74%




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