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1639 N Harvard Boulevard, Los Angeles, CA 90027
10
beds
8
baths
5241
ft2
· 7004
ft2 lot
$1,600,000
$305 / ft2
Listing provided courtesy of Bryan Castillo, Castillo Realty Group, Inc..
Source CRMLS.
NEW YEAR SPECIAL! LOCATION! ONE UNIT VACANT! Seller will consider carrying 1st! 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 exciting new developments. Highest CAP rate in the area - 5.86%! 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 re-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. Property will be delivered occupied (4 out of 5 units) 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 to satisfy themselves on all aspects.
HOA
$—/month
On market
3 months
Year built
1931
Property type
Multi-Family
Parking
5
MLS
IN20174649
Price / Sq.Ft.
$305 / ft2
Status
Active
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Based on a price of $1,600,000
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Inside
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 5241.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Gated, Uncovered
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 5.00
Property Features
•   
View: City Lights
•   
Common Walls: 1 Common Wall
Building Info
•   
Building Area Units: Square Feet
•   
Num Stories: One, Two
•   
Year Built Source: Public Records
Lot Info
•   
Zoning: LARD1.5
•   
Lot Features: 0-1 Unit/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1608
•   
Lot Size Area: 7004.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 5
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 5
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Private
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Electricity, Gas
•   
Water Sewer Expense: 4800.00
•   
Other Expense: 600.00
•   
Cap Rate: 5.86
•   
Total Actual Rent: 10182.50
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 20000.00
•   
Insurance Expense: 1800.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 28400.00
•   
Gross Scheduled Income: 122190.00
•   
Operating Expense: 28400.00
•   
Gross Multiplier: 13.09
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 0.00
•   
Tax Year: 2020
•   
Taxes: 5861.0
Lease Info
•   
Net Operating Income: 93790.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 1200.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1732.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1732.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2000.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 2000.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1600.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1600.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 2000.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 2000.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 5
•   
Number Of Units Leased: 4
•   
Price Per Unit: 340000
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks, Street Lights
•   
Directions: Hollywood Blvd / Harvard Blvd.
Other
Calculation
•   
Dom: 136
•   
Cdom: 136
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 2:56am
Neighborhood snapshot
102
Properties for sale
17.5
Median days on market
$793.92
Median sold price/sqft
100.37%
Sold/List %
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Property History
10/05/2020
10/05/2020
CRMLS #IN20174649
active
CRMLS #IN20174649
$1,600,000
--5.88%
08/27/2020
08/27/2020
CRMLS #IN20174649
active
CRMLS #IN20174649
$1,700,000
+645.61%
07/30/1997
07/30/1997
Public Record
sold
Public Record
$228,000
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