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423 N Harvard Blvd 16 Unité Immeuble d’appartements 5 580 090 $ CAD (348 756 $ CAD/Unité) 5,96% Taux de capitalisation Los Angeles, CA 90004
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Rare opportunity to acquire a well-maintained property with strong cash-flow and considerable upside potential
- Excellent unit mix of 10 one-bedroom, one-bath units, 3 two-bedroom, one-bath, and 3 two-bedroom, two-bath units
- Close to major employment centers, including Hollywood, Downtown Los Angeles, Wilshire Center, Beverly Hills, and West Hollywood
- New roof, completed seismic retrofit, renovated units with updated kitchens, bathrooms, quartz countertops, modern flooring, new appliances, AC units
- RTI permits to build 4 ADUs. Ideal opportunity for a savvy investor to add significant value (Buyer to confirm)
- Positioned in an area with rich local amenities including some of LA’s hottest dining options, entertainment and cultural venues, shops, hotels
RÉSUMÉ DE L'ANNONCE
Kidder Mathews, as the exclusive listing agent, is proud to present a rare opportunity to acquire 423 N Harvard Blvd, a 16-unit value-add property ideally located in one of Los Angeles’ most vibrant and rapidly evolving neighborhoods. Situated at the intersection of Beverly Boulevard and Western Avenue, this asset is positioned within close proximity to Koreatown, Hancock Park, Larchmont Village, Hollywood, and Silver Lake—areas known for their high demand and consistent growth.
Originally constructed in 1965, this two-story building spans approximately 11,797 square feet on a 14,373 square foot lot. The Property has been meticulously maintained and upgraded by the current owner, who has held the property for nearly 23 years, yet still offers substantial potential for further value enhancement. This asset is being sold with RTI (Ready to Issue) permits for four Accessory Dwelling Units (ADUs), presenting a significant opportunity to increase rental income (buyer to verify).
423 N Harvard Blvd offers investors a rare value-add opportunity with substantial upside potential. The property boasts a well-maintained unit mix of (10) one-bedroom, one-bath units, (3) two-bedroom, one-bath units, and (2) two-bedroom, two-bath units. Significant upgrades have already been made, including high-end finishes, modern flooring, remodeled kitchens with quartz countertops, new stainless-steel appliances, renovated bathrooms, new air conditioning units, ceiling fans, and extensive copper plumbing and electrical work. Additionally, the property features a recently installed roof and has completed the seismic soft-story retrofit.
The on-site amenities include laundry facilities, secured entry, and 16 parking spaces—an especially valuable feature in this high-demand area. While the property has been thoughtfully upgraded, there remains ample opportunity to add value. A strategic renovation program, coupled with the potential for ADU development and the implementation of RUBS (Ratio Utility Billing Systems) to recapture utility costs, can drive significant rental income growth.
423 N Harvard Blvd is situated in one of Los Angeles' most desirable and rapidly appreciating submarkets. The Property is conveniently located near Larchmont Village, Hancock Park, Koreatown, Hollywood, and Silver Lake—some of the city's most coveted and sought-after neighborhoods. The area is brimming with top-tier restaurants, entertainment options, fitness centers, and shopping destinations, making it an attractive location for tenants.
Given its prime location and the continued development of the surrounding area, 423 N Harvard Blvd offers investors an exceptional opportunity to capitalize on rental upside and value-add potential, ensuring long-term growth, appreciation, and strong returns.
Originally constructed in 1965, this two-story building spans approximately 11,797 square feet on a 14,373 square foot lot. The Property has been meticulously maintained and upgraded by the current owner, who has held the property for nearly 23 years, yet still offers substantial potential for further value enhancement. This asset is being sold with RTI (Ready to Issue) permits for four Accessory Dwelling Units (ADUs), presenting a significant opportunity to increase rental income (buyer to verify).
423 N Harvard Blvd offers investors a rare value-add opportunity with substantial upside potential. The property boasts a well-maintained unit mix of (10) one-bedroom, one-bath units, (3) two-bedroom, one-bath units, and (2) two-bedroom, two-bath units. Significant upgrades have already been made, including high-end finishes, modern flooring, remodeled kitchens with quartz countertops, new stainless-steel appliances, renovated bathrooms, new air conditioning units, ceiling fans, and extensive copper plumbing and electrical work. Additionally, the property features a recently installed roof and has completed the seismic soft-story retrofit.
The on-site amenities include laundry facilities, secured entry, and 16 parking spaces—an especially valuable feature in this high-demand area. While the property has been thoughtfully upgraded, there remains ample opportunity to add value. A strategic renovation program, coupled with the potential for ADU development and the implementation of RUBS (Ratio Utility Billing Systems) to recapture utility costs, can drive significant rental income growth.
423 N Harvard Blvd is situated in one of Los Angeles' most desirable and rapidly appreciating submarkets. The Property is conveniently located near Larchmont Village, Hancock Park, Koreatown, Hollywood, and Silver Lake—some of the city's most coveted and sought-after neighborhoods. The area is brimming with top-tier restaurants, entertainment options, fitness centers, and shopping destinations, making it an attractive location for tenants.
Given its prime location and the continued development of the surrounding area, 423 N Harvard Blvd offers investors an exceptional opportunity to capitalize on rental upside and value-add potential, ensuring long-term growth, appreciation, and strong returns.
FAITS SUR LA PROPRIÉTÉ
| Prix | 5 580 090 $ CAD | Classe d’immeuble | C |
| Prix par unité | 348 756 $ CAD | Taille du lot | 0,33 AC |
| Type de vente | Investissement | Taille du bâtiment | 11 797 pi² |
| Taux de capitalisation | 5,96% | Occupation moyenne | 88% |
| Nombre d’unités | 16 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1965 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,78/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | R3, Los Angeles - Habitation multifamiliale | ||
| Prix | 5 580 090 $ CAD |
| Prix par unité | 348 756 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,96% |
| Nombre d’unités | 16 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,33 AC |
| Taille du bâtiment | 11 797 pi² |
| Occupation moyenne | 88% |
| Nombre d’étages | 2 |
| Année de construction | 1965 |
| Ratio de stationnement | 1,78/1 000 pi² |
| Zonage | R3, Los Angeles - Habitation multifamiliale |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Lave-vaisselle
- Micro-ondes
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Congélateur
COMMODITÉS DU SITE
- Accès 24 heures
- Cour
- Installations de lessive
- CVCA contrôlé par le locataire
- Transport en commun
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 2 | - | - |
1 1
Walk Score®
Un paradis pour un marcheur (90)
Impôts fonciers
| Numéro de lot | 5521-025-021 | Évaluation des bâtiments | 891 773 $ CAD |
| Évaluation du terrain | 1 320 406 $ CAD | Évaluation totale | 2 212 179 $ CAD |
Impôts fonciers
Numéro de lot
5521-025-021
Évaluation du terrain
1 320 406 $ CAD
Évaluation des bâtiments
891 773 $ CAD
Évaluation totale
2 212 179 $ CAD
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423 N Harvard Blvd
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