1801 N. Harvard is an eight unit value-add property operating at a 4.45% CAP and 13.5 GRM on current rents. Located just south of Franklin Ave (adjacent to Los Feliz), the subject property is conveniently located near several neighborhood hubs filled with large Hollywood corporate employers (Children's Hospital LA, Hollywood Presbyterian, Sunset Gower Studios, Netflix), a city college (LACC), and an array of independent businesses. Constructed in 1956, the property features (1) 2-bdrm. units and (7) 1-bdrm. units. Each bright and spacious unit average approx. 800 SF and offer approx. 21% rental upside compared to renovated units in the area. Well-maintained by the current owners, capital improvements include a new roof and fresh exterior paint. Please note, soft-story retrofitting is not required.
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