1639 North Harvard Boulevard

Los Angeles, CA 90027

$1,700,000
Price
—
Beds
5,241 Sq. Ft.
$324 / Sq. Ft.
5,241
Sq. Ft.
$324
per Sq. Ft.

Description

Location! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing a major revitalization filled with exciting new developments. Highest CAP rate in the area - just under 5%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style (bi-level) units all...Location! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing a major revitalization filled with exciting new developments. Highest CAP rate in the area - just under 5%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style (bi-level) units all 2 bedroom and 1.5 baths. Rear structure is a duplex (1,554 sq ft) - each unit 2 bedrooms / 1 bath. Property zoned RD1.5 for the perfect development opportunity! TOC Tier 3 - allows 70% density bonus. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways, less than 3.5 miles to Griffith Observatory and only 1 mile away from the Hollywood Walk of Fame. Well maintained property with low maintenance and long-term tenants. Need to complete a 1031 exchange? Look no further. Start collecting income right away! Great for seasoned investor or first time buyer. Seller will consider carrying 1st! Property will be delivered occupied with existing tenants. Please do not walk on property or disturb tenants! Listing info deemed reliable, but not guaranteed. No warranties expressed or implied. Buyer and/or Buyer’s agent to satisfy themselves on all aspects.
  1. Listed by Bryan Castillo • DRE #01912834 • Brokerage DRE #01915329 • Castillo Realty Group, Inc.

Property Details for 1639 North Harvard Boulevard

Parking Spaces Total
5
Total Units
5.0
Lot Size Source
Assessor
Building Area Total
5241
Building Area Units
Square Feet
Parcel Number
5544018019
Area
Hollywood (C20)
Directions
Hollywood Blvd / Harvard Blvd.
LISTING UPDATED: 09/04/2020 09:46 AM

Property Details for 1639 North Harvard Boulevard

StatusActive
MLS #IN20184350
Days on Market1577
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1931
Lot Size0.16 AC / 7,004 SF
CountyLos Angeles County

Building Information for 1639 North Harvard Boulevard

Stories-Residences-Year Built1931Building Size-Lot Size0.16 AC / 7,004 SF

Property Information for 1639 North Harvard Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $112,590
  • Net Operating Income: $82,940
  • Cap Rate: 4.9
Expense Details
  • Operating Expense: $29,650
  • Electric Expense: $1,200
  • Insurance Expense: $1,800
  • Professional Management Expense: $0
  • Other Expense: $600
  • Trash Expense: $0
  • Water Sewer Expense: $4,800
  • Total Expenses: $29,650
Tax / Assessment Info
  • Tax Rate: 1.25
  • Tax Year: 2021
  • Tax Annual Amount: $21,250
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Water Source: Private
Parking Info
  • Uncovered Spaces: 5
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,050
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 2850
  • Unit Type Area: 1229
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2850
  • Unit Type Area: 1229
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,733
  • Unit Type Total Rent: $1,732
  • Unit Type Pro Forma: 2650
  • Unit Type Area: 777
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2850
  • Unit Type Area: 1229
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2650
  • Unit Type Area: 777
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Number Of Buildings: 2

Property History for 1639 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 1639 North Harvard Boulevard

Taxable ValueLand$1,173,000Additions$408,140Total$1,581,140
Tax Record2024$19,958 ($1,663 / month)
Home Facts
Total Finished SqFt5,241 SqFtAbove Grade Finished SqFt5,241 SqFtLot Size7,004 SqFtStyleMulti-Family Res (5+ Units)Year Built1931ZoningLARD1.5CountyLOS ANGELESAPN5544-018-019

Schools near 1639 North Harvard Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Grant Elementary School
Public - K to 6
Apex Academy
Charter - 7 to 12
STEM Academy at Bernstein High
Public - 9 to 12
Helen Bernstein High School
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.

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More information about 1639 North Harvard Boulevard, Los Angeles, CA 90027

1639 North Harvard Boulevard is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on September 4, 2020 by Castillo Realty Group, Inc., it's currently listed at $1,700,000. It has been on the market for a total of 1577 days and was last sold on August 15, 1997. This listing's school district is Los Angeles Unified School District. Nearby schools include Grant Elementary School, Apex Academy and STEM Academy at Bernstein High. 1639 North Harvard Boulevard is a 0-bed, 0-bath, 5,241 sqft multi-family home built in 1931.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Castillo Realty Group, Inc., Bryan Castillo, DRE #01912834

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.