Description

The Hollywood Capri Apartments is a 23-unit courtyard apartment community located at 1834 North Harvard Blvd, Los Angeles, CA 90027 (Los Feliz). The property is being offered for sale for the first time in over 40 years, providing investors with a rare opportunity to acquire an irreplaceable asset in one of LA's most dynamic neighborhoods. Built in 1955, 1834 North Harvard Blvd is a mid-century courtyard property with many period details. The 23 units surround a sizeable open-air courtyard with a pool and seating areas for tenant enjoyment. In all, the property has 16,812 SF of improvements on an over-sized 20,501 SF parcel, zoned LAR3. North Harvard Blvd is a quiet, tree-lined street adjacent to Franklin Avenue and steps away from the Franklin Avenue corridor. Building amenities include intercom entry, gated parking for 15 vehicles, a large courtyard with gathering spaces/seating areas, and onsite laundry. An exceptional unit composition consists of Two (2) 2 Bedroom/1 Bathroom units, One (1) Studio apartment, and Twenty (20) 1 Bedroom/1 Bathroom apartment homes. All apartments are spacious, and select units have floor-to-ceiling windows and cursory improvements such as new flooring, ceiling fans, and partially updated bathrooms and kitchens. Current ownership completed the mandatory soft-story retrofit in 2019, installed 210 feet of new guard rails in 2023, and installed gas shut-off valves in 2019. Resident parking is accessed through a private gated driveway with parking for 15 vehicles, 10 covered parking spaces, and an additional 5 spaces at the rear of the property. Electrical and gas utilities are separately metered and paid by residents. Los Feliz is a premier rental destination in Los Angeles and commands rents comparable to many Westside and beach communities. Los Feliz attracts young and diverse residents who appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 1834 N Harvard Blvd is a short distance from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles. 1834 N Harvard Blvd has a Walk Score of 88 out of 100. 1834 North Harvard Boulevard is an eight-minute walk from the Metro B Line (Red) at the Hollywood / Western Station stop. This location is in the Greater Griffith Park neighborhood in Los Angeles. Nearby parks include Barnsdall Park, Barnsdall Park, and Lemon Grove Park.