$5,250,000

Estimated payment $33,995/month

Total Views 16,076
24 Beds
25 Baths
16,812 Sq Ft
$312 Price per Sq Ft

About This Home

The Hollywood Capri Apartments is a 23-unit courtyard apartment community located at 1834 North Harvard Blvd, Los Angeles, CA 90027 (Los Feliz). The property is being offered for sale for the first time in over 40 years, providing investors with a rare opportunity to acquire an irreplaceable asset in one of LA's most dynamic neighborhoods. Built in 1955, 1834 North Harvard Blvd is a mid-century courtyard property with many period details. The 23 units surround a sizeable open-air courtyard with a pool and seating areas for tenant enjoyment. In all, the property has 16,812 SF of improvements on an over-sized 20,501 SF parcel, zoned LAR3. North Harvard Blvd is a quiet, tree-lined street adjacent to Franklin Avenue and steps away from the Franklin Avenue corridor. Building amenities include intercom entry, gated parking for 15 vehicles, a large courtyard with gathering spaces/seating areas, and onsite laundry. An exceptional unit composition consists of Two (2) 2 Bedroom/1 Bathroom units, One (1) Studio apartment, and Twenty (20) 1 Bedroom/1 Bathroom apartment homes. All apartments are spacious, and select units have floor-to-ceiling windows and cursory improvements such as new flooring, ceiling fans, and partially updated bathrooms and kitchens. Current ownership completed the mandatory soft-story retrofit in 2019, installed 210 feet of new guard rails in 2023, and installed gas shut-off valves in 2019. Resident parking is accessed through a private gated driveway with parking for 15 vehicles, 10 covered parking spaces, and an additional 5 spaces at the rear of the property. Electrical and gas utilities are separately metered and paid by residents. Los Feliz is a premier rental destination in Los Angeles and commands rents comparable to many Westside and beach communities. Los Feliz attracts young and diverse residents who appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 1834 N Harvard Blvd is a short distance from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles. 1834 N Harvard Blvd has a Walk Score of 88 out of 100. 1834 North Harvard Boulevard is an eight-minute walk from the Metro B Line (Red) at the Hollywood / Western Station stop. This location is in the Greater Griffith Park neighborhood in Los Angeles. Nearby parks include Barnsdall Park, Barnsdall Park, and Lemon Grove Park.

Listing Agent

Nick Astrupgaard

KW Commercial Studio City License #01893466 Listed on: 10/24/2024

KW Commercial Studio City

Co-Listing Agent

Rich Johns

KW Commercial Studio City License #01432215

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.47 Acre Lot

Interior Spaces

  • 16,812 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 25 Bathrooms

Parking

  • 15 Parking Spaces
  • Covered Parking
  • Uncovered Parking

Community Details

  • 23 Units

Listing and Financial Details

  • Assessor Parcel Number 5544-010-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 16812
  • Lot Acreage: 0.4708
  • Probate: No
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Total Bathrooms: 25.00
  • Price Per S Q F T: 312.28

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Uncovered
  • Total Parking: 15

Lot Info

  • Assessed Improvement Percent: 60.19
  • Assessed Improvement Value: 660596
  • Assessed Land Percent: 39.81
  • Assessed Land Value: 436972
  • Total Assessed Value: 1097568
  • Assessor Parcel Number: 5544-010-004
  • Lot Size Area: 20507

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.90
  • Number Of Units: 23
  • Total Annual Expense: 168766
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2024 10/24/24 For Sale $5,250,000 -- $312 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 24-456577

The MLS