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1646 N Harvard Blvd, Hollywood, CA 90027
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1646 N Harvard Blvd Hollywood, CA 90027

$2,300,000 Sold Price as of 10/13/2023
  • 100 Beds
  • 100 Baths
  • 6,766 Sq.Ft.
Sold
$2,300,000 Sold Price as of 10/13/2023 Refinance Your Mortgage
Map preview of 1646 N Harvard Blvd, Hollywood, CA 90027

Property Overview: 1646 N Harvard Blvd Hollywood, CA has 100 bedrooms, 100 bathrooms, 6,766 living square feet and 8,488 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property is a prime investment opportunity located at the gateway to Hollywood and Downtown LA, nestled at the base of Griffith Observatory in the vibrant East Hollywood/Los Feliz Area. The asset consists of 10 units, all of which are 1 bedroom and 1 bathroom. Built in 1949, the property is approximately 6,766 square feet and has no story-story construction. Additionally, the property includes a detached ±6-car carport with an attached laundry facility. The location of this property is excellent, as it is only three city blocks or a six-minute walk from the Metro B Line (Red) at the Hollywood/Western Station stop. The area is known for being one of Los Angeles's strongest rental markets, and the location scores a 92 via Walker's Paradise. There are also many retail destinations, eateries, and entertainment options in the immediate vicinity. The property offers significant potential for upside and value-add. The property is well-maintained and professionally managed. Additionally, seller financing is available. Buyer to verify all info.

Listed by Matthew Sillaman | BRE #01925847 | LB Property Management Inc
Last checked: 7 minutes ago | Last updated: October 14th, 2023 | Source CRMLS | DOM: 164

Home details

Lot Sq. Ft
8,488
HOA Dues
$0/mo
Year built
1949
Garage
6 Car
Property Type:
Apartment
Status
Sold
MLS#
SR23040243
City
Hollywood
County
Los Angeles
Time on Site
412 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 2
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 10
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 10
  • # of Baths: 10
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $15,262
  • Total Rent: $15,262
  • Pro Forma/Market Rent: $21,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.23%
  • Gross Rent Multiplier: 13.61
  • Gross Scheduled Income: $191,064
  • Net Operating Income: $136,027
  • Gross Operating Income: --
  • # of Rented Garages: 6
  • Garage Rental Income: $7,200
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $55,037
  • Electric: $6,246
  • New Taxes: $31,720
  • Trash: $5,274
  • Gardener: $1,800
  • Insurance: $3,000
  • Maintenance: $7,500
  • Professional Management: $0
  • Water/Sewer: $6,246

Property Details for 1646 N Harvard Blvd

Interior Features
Laundry Information
  • Has Laundry
  • In Carport
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 10
  • Parcel Number: 5544016012
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Subject property located on the east side of Harvard Blvd. just south of Hollywood Blvd.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Hollywood Agent

Sale History for 1646 N Harvard Blvd

Last sold for $2,300,000 on October 13th, 2023

  • October, 2023

  • Oct 13, 2023

    Date

    Sold

    CRMLS: SR23040243

    $2,300,000

    Price

  • Mar 10, 2023

    Date

    Active

    CRMLS: SR23040243

    $2,850,000

    Price

  • December, 2022

  • Dec 1, 2022

    Date

    Expired

    CRMLS: SR22116474

    $2,899,000

    Price

  • May 31, 2022

    Date

    Active

    CRMLS: SR22116474

    $2,925,000

    Price

  • Listing provided courtesy of CRMLS

    Price reduction 7/21/22. Rare opportunity to acquire a 10-unit asset (all 1 bedroom + 1bath) in East Hollywood between Core Hollywood Los & Feliz neighborhoods. The subject property practically sits in the shadow of the Griffith Observatory. Acknowledged as one of the most walkable neighborhoods in Los Angeles (Walker’s Paradise score of 92), there’s no shortage of options with immediate proximity to well-known retail destinations, eateries, and entertainment. Additionally, the subject property is within 3 city blocks or a 6 min. walk to the Hollywood / Western Metro Station. There is potential to add an ADU unit @ rear of property above detached carport (6 parking spaces) and attached laundry room. The property is separately-metered, there is one current vacancy, and the property features secured access and no soft-story construction. A bread and butter investment; value-add play with significant upside potential. Buyer to verify all info.

  • April, 2022

  • Apr 2, 2022

    Date

    Expired

    CRMLS: SR21240203

    $2,950,000

    Price

  • Nov 1, 2021

    Date

    Active

    CRMLS: SR21240203

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    Subject property is a 10-unit asset in East Hollywood, CA. The property features all 1 bedroom + 1bath units. The property is well-maintained, includes secured access, laundry on-site, and 6-carport parking spaces at rear of property. The property is separately metered for all utilities. The property is located in a high-demand rental market with strong demographics. Immediate proximity to well-known retail destinations, eateries, and entertainment in L.A. Walker’s Paradise score of 92 & one property south of Hollywood Boulevard & Three city blocks east of Metro B Line (Red) at the Hollywood / Western Station stop (or 6 min. walk).

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Tax History for 1646 N Harvard Blvd

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1646 N Harvard Blvd sold on October 13, 2023 for 334.06% higher than the current median sold price for the city of Hollywood which is $599,000. The median sold price per/sqft for Hollywood is $521 and this home is sold at $384.27 per/sqft which puts the price per square foot 26.24% lower than the current median sale per square foot for the city of Hollywood.

About 1646 N Harvard Blvd

Detailed summary of property

1646 N Harvard Blvd is a apartment that recently sold in Hollywood, CA 90027. This apartment offered 100 bedrooms, 100 bathrooms, roughly 6,766 living square feet, and sits on an approximately 8,488 square foot lot. 1646 N Harvard Blvd was first listed on ArdentRealEstateGroup.com on March 10, 2023. The homeowner sold the property for $2,300,000. Home in Hollywood are selling for a median price of $599,000 and a median price per square foot of $521. Based on Ardent Real Estate Group's Hollywood Market Data, this home is sold 334.06% higher than the current median priced home. Local homes that are currently for sale include 5418 Lemon Grove Ave, 6063 N Harold Way and 1115 N Madison Ave. While the average home in Hollywood, CA is selling in 49 days, 1646 N Harvard Blvd has a days on market of 164 days. There are currently 6 homes for sale in the Hollywood real estate market and 3 of them are single family homes while 3 of them are condos and 0 are townhomes. For more information on this home for sale at 1646 N Harvard Blvd Hollywood, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Hollywood agents.

Public Facts for 1646 N Harvard Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$999
Median Sold Price
$1,900,000
Median Sold Price/Sq.Ft.
$885
Total Inventory
80
Median Sale to List Price %
102.7%
Avg Days on Market
24
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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