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$ 3,300,000
Est. payment /mo
New
635 N Harvard BLVD Los Angeles, CA 90004
16 Beds
12 Baths
6,398 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,398 sqft
Price per Sqft $515
MLS Listing ID 26989605
Bedrooms 16
HOA Y/N No
Year Built 2020
Lot Size 7,505 Sqft
Property Description
We are pleased to present 635 N Harvard Blvd, a newer-construction, seven-unit multifamily investment located in East Hollywood. The property consists of three three-story duplexes completed in 2020 and a studio accessory dwelling unit completed in 2022. The unit mix features four spacious three-bedroom townhome-style residences, two two-bedroom units, and one studio, totaling 6,398 square feet of living area on a 7,507-square-foot R3-1 lot. The offering combines strong in-place income with approximately 9% rental upside, providing investors with immediate cash flow and additional growth potential without a significant renovation program. Current scheduled rent of $250,176 increases to approximately $271,800 at projected market rents. Recent three-bedroom leasing activity further supports the property's income profile, with Unit 635 leased at $3,806 per month and Unit 637 at $3,707 per month. Designed with modern rental demand in mind, four of the seven residences are large three-bedroom floorplans ranging from approximately 1,104 to 1,209 square feet. Every residence features in-unit laundry, while each of the six duplex residences is separately metered for water, gas, and electricity, allowing tenants to pay their utilities directly and helping reduce operating expenses for ownership. Carport parking is provided beneath the center and rear buildings. The property is well positioned for 1031 exchange buyers and private investors seeking newer construction in a supply-constrained infill market. Newer multifamily product is particularly limited in ZIP Code 90004, where approximately 60% of the housing stock was built before 1970. Located near Melrose Avenue and Western Avenue, 635 N Harvard Blvd sits between Hollywood and Koreatown with convenient access to major employment, entertainment, education, and healthcare destinations. The property carries a Walk Score of 91, a "Walker's Paradise," and is approximately 0.8 miles from Los Angeles City College, 0.9 miles from Paramount Pictures, and 1.3 miles from Kaiser Permanente Los Angeles Medical Center, Hollywood Presbyterian Medical Center, and Children's Hospital Los Angeles.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Carport
Total Parking Spaces 10
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5521005021
Special Listing Condition Standard
Listed by Filip Niculete Marcus & Millichap #01905352