1646 North Harvard Boulevard

Hollywood, CA 90027

$2,300,000
Last Sold Price
10
Beds
100
Baths
6,766 Sq. Ft.
$340 / Sq. Ft.
6,766
Sq. Ft.
$340
per Sq. Ft.

Description

This property is a prime investment opportunity located at the gateway to Hollywood and Downtown LA, nestled at the base of Griffith Observatory in the vibrant East Hollywood/Los Feliz Area. The asset consists of 10 units, all of which are 1 bedroom and 1 bathroom. Built in 1949, the property is approximately 6,766 square feet and has no story-story construction. Additionally, the property includes a detached ±6-car carport with an attached laundry facility. The location of this property is excellent,...This property is a prime investment opportunity located at the gateway to Hollywood and Downtown LA, nestled at the base of Griffith Observatory in the vibrant East Hollywood/Los Feliz Area. The asset consists of 10 units, all of which are 1 bedroom and 1 bathroom. Built in 1949, the property is approximately 6,766 square feet and has no story-story construction. Additionally, the property includes a detached ±6-car carport with an attached laundry facility. The location of this property is excellent, as it is only three city blocks or a six-minute walk from the Metro B Line (Red) at the Hollywood/Western Station stop. The area is known for being one of Los Angeles's strongest rental markets, and the location scores a 92 via Walker's Paradise. There are also many retail destinations, eateries, and entertainment options in the immediate vicinity. The property offers significant potential for upside and value-add. The property is well-maintained and professionally managed. Additionally, seller financing is available. Buyer to verify all info.
  1. Listed by Matthew Sillaman • DRE #01925847 • Brokerage DRE #01218447 • LB Property Management Inc • 541-543-0407

Property Details for 1646 North Harvard Boulevard

Parking Spaces Total
6
Private Pool
No
Total Units
10.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6766
Assessor Parcel Number
5544-016-012
Property Attached YN
false

Location

Listing Courtesy of LB Property Management Inc, Matthew Sillaman, DRE #01925847

Sold By LB Property Management Inc, Matthew Sillaman, DRE #01925847

Add your commute
LISTING UPDATED: 10/14/2023 04:49 AM

Property Details for 1646 North Harvard Boulevard

StatusClosed
MLS #SR23040243
Days on Market164
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
CountyLos Angeles County

Location

Listing Courtesy of LB Property Management Inc, Matthew Sillaman, DRE #01925847

Sold By LB Property Management Inc, Matthew Sillaman, DRE #01925847

Add your commute

Building Information for 1646 North Harvard Boulevard

Building/Complex1646 N Harvard BlvdFloor-Stories2Residences-Pet Policy-Year Built1949Building Size-

Payment Calculator

$15,465 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,552

Property Taxes

$2,913

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1646 North Harvard Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $191,064
  • Gross Scheduled Income: $191,064
  • Net Operating Income: $136,027
  • Number Of Rented Garages: 6
  • Garage Income: $7,200
  • Laundry Income: $1,200
  • Gross Multiplier: 13.61
  • Cap Rate: 5.23
  • Financing: Conventional
Expense Details
  • Operating Expense: $55,037
  • New Taxes Expense: $31,720
  • Gardener Expense: $1,800
  • Pest Control Expense: $750
  • Electric Expense: $6,246
  • Insurance Expense: $3,000
  • Maintenance Expense: $7,500
  • Professional Management Expense: $0
  • Trash Expense: $5,274
  • Water Sewer Expense: $6,246
  • Total Expenses: $65,587
Tax / Assessment Info
  • Tax Tract Number: 2
  • Tax Census Tract: 1905.20
  • CFD/Mello-Roos Fee: $1,324
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Carport
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 10
  • Unit Type Baths Total: 10
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $15,262
  • Unit Type Total Rent: $15,262
  • Unit Type Pro Forma: 21000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10

Property History for 1646 North Harvard Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1646 North Harvard Boulevard

Taxable ValueLand$1,859,197Additions$943,598Total$2,802,795
Tax Record2023$34,952 ($2,913 / month)
Home Facts
Total Finished SqFt6,766 SqFtAbove Grade Finished SqFt6,766 SqFtLot Size8,488 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLARD1.5CountyLOS ANGELESAPN5544-016-012

Schools near 1646 North Harvard Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Grant Elementary School
PublicK to 6

Apex Academy
Charter7 to 12

STEM Academy at Bernstein High
Public9 to 12

Helen Bernstein High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LB Property Management Inc, Matthew Sillaman, DRE #01925847

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.