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1217 E Harvard Street, Glendale, CA – $5,975,000

  • list_beds0
  • list_baths0
  • list_garage1
  • list_walk93

Nook Style

  • StyleSpanish,Bungalow

Essential Information

  • MLS® #P1-4858
  • Price$5,975,000
  • Bathrooms0.00
  • Acres0.54
  • Lot Square Footage23,630
  • Year Built1925
  • TypeIncome
  • Sub-TypeApartment
  • StatusActive
  • Walkscore93

Community Information

  • Address1217 E Harvard Street
  • SubdivisionNot Applicable
  • CityGlendale
  • CountyLos Angeles
  • StateCA
  • Zip Code91205

Amenities

  • Parking Spaces20
  • # of Garages1
  • ViewNone
  • PoolNone

Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected

Parking

Attached Carport, Assigned, Carport, Garage

Garages

Attached Carport, Assigned, Carport, Garage

Interior

  • Interior FeaturesOpen Floorplan
  • HeatingForced Air
  • CoolingWall/Window Unit(s)
  • FireplaceYes
  • FireplacesNone
  • # of Stories2
  • StoriesOne, Two

Exterior

  • ExteriorStucco, Copper Plumbing
  • RoofTile
  • ConstructionStucco, Copper Plumbing

Lot Description

Front Yard, Garden, Lawn, Landscaped, Level, Rectangular Lot, Street Level

Additional Information

  • Date ListedMay 21st, 2021
  • Days on Market80
  • ZoningR2250
  • HOA Fees0.00

Listing Details

  • AgentMichael Bell

Office

Sotheby's International Realty, Inc.

Please provide a valid email address.

1217 E Harvard Street

22 unit Spanish Colonial Revival Bungalow Court apartment on Harvard Street in Glendale, California. 22 1-bed/1-bath units, a central laundry room, 19 carports, 1 one-car garage, a large 300 sf storage room, and a smaller storage room. 20 of 22 units have been remodeled by its retired general contractor owner over the past 20 years. Rarely ever a vacancy or a late payer. 100% occupied. Tenants pay lower-than-market rents and have had no increases in a few years. Totaling 11,537 sf and situated on a 23,630 sqft flat lot. Separately metered electric and gas, copper plumbing, AC wall units, newer roofs. Easy to maintain....this property has been self managed for decades. Offering historic value as well as investment opportunity in one of LA's most attractive rental markets. Upsides include continued rent growth projections, eligible for significant Mills Act tax savings, raising rents, adding a yearly escalation clauses, interest on security deposits, charging for parking (half the tenants don't own a car), renting out 3 storage units, and converting carports into ADU's. Glendale is an entertainment and shopping destination in Los Angeles, synonymous with high-end retail and comfortable living. Americana at Brand is less than 1 mile away. Located in the southern portion of Glendale, closest to commerce, and in close proximity to schools and transportation (a few blocks from the 134 and 2 fwy's). Zoning R2250 - Medium Density Residential.

Lifestyle Data

Price Change History for 1217 E Harvard Street, Glendale, CA (MLS® #P1-4858)

Date Details Change
Price Reduced from $6,050,000 to $5,975,000 $75,000 (1.24%)

Courtesy of Michael Bell of Sotheby's International Realty, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of September 26th, 2021 at 11:55pm CDT. 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.