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The Hollywood Capri Apartments 1834 N Harvard Blvd

23 Unit Block of Flats £4,107,863 (£178,603/Unit) 5% Net Initial Yield Los Angeles, CA 90027

Investment Highlights

  • 1834 N Harvard Blvd is a fantastic opportunity to acquire a 23-unit courtyard apartment community in Los Feliz (90027)
  • 1834 N Harvard Blvd has a Walk Score of 88 out of 100. This location is Very Walkable, so most errands can be accomplished on foot
  • There is a significant affordability gap to home ownership within the 90027 zip-code, with the median SFR selling for more than $2,280,250
  • Located in Los Feliz, 1834 N Harvard Blvd is adjacent to Franklin Ave and a short distance from many shops and primary employers in Hollywood and DTLA
  • The Hollywood-Silver Lake submarket is one of the strongest employment centers in the Los Angeles MSA and offers access to a diverse set of employers
  • There are fifteen (15) onsite parking spaces and ownership completed the mandatory soft-story retrofit (2020)

Executive Summary

KW Commercial, as exclusive listing agents, is pleased to present The Hollywood Capri Apartments, 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 large open-air courtyard with a pool and seating areas for tenant enjoyment. The property has 16,812 SF of improvements on an oversized 20,501 SF parcel, zoned LAR3. Building amenities include intercom entry, gated parking for 15 vehicles, a large courtyard with gathering spaces/seating areas, and on-site 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 very 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.
North Harvard Blvd is a quiet, tree-lined street adjacent to Franklin Avenue and steps away from the Franklin Avenue corridor. 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. This location is Very Walkable, so most errands can be accomplished on foot. 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.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £344,559 £20.49
Other Income - -
Vacancy Loss £6,891 £0.41
Effective Gross Income £337,668 £20.08
Taxes - -
Operating Expenses - -
Total Expenses £132,051 £7.85
Net Operating Income £205,617 £12.23

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £344,559
Annual Per SF £20.49
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £6,891
Annual Per SF £0.41
Effective Gross Income
Annual £337,668
Annual Per SF £20.08
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £132,051
Annual Per SF £7.85
Net Operating Income
Annual £205,617
Annual Per SF £12.23

Property Facts

Price £4,107,863
Price Per Unit £178,603
Sale Type Investment
Net Initial Yield 5%
Gross Rent Multiplier 11.9
No. Units 23
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.47 AC
Building Size 16,812 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1955
Parking Ratio 0.89/1,000 SF

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Wheelchair Accessible (Rooms)

Site Amenities

  • 24 Hour Access
  • Storage Space
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 1 £1,426 600
1+1 20 £1,483 750
2+1 2 £1,865 -
Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5544-010-004
Land Assessment
£348,747 (2024)
Improvements Assessment
£527,220 (2024)
Total Assessment
£875,967 (2024)

zoning

Zoning Code LAR3
LAR3
  • Listing ID: 33552704

  • Date on Market: 17/10/2024

  • Last Updated:

  • Address: 1834 N Harvard Blvd, Los Angeles, CA 90027

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