Tucked between East Hollywood and the heart of Los Feliz, 1640 N. Harvard offers an opportunity to reposition a character-rich, courtyard-style property near several of Northeast LA's hottest lifestyle and employment hubs. Tenants will appreciate walkable access to Los Feliz icons like Hillhurst Avenue's Maru Coffee, Found Oyster, and Alcove… Read More Caf, the trailheads of Griffith Park, and the cultural energy of Vermont Avenue, Barnsdall Art Park, and the Greek Theatre. The property is also under 2 miles from Sunset Junction in Silver Lake; and just minutes from the Hollywood Media District, a significant employment hub for entertainment, post-production, and creative tech. Set on a 14,140 SF lot, the property features a classic garden-style layout with mature landscaping, gated entry, community laundry, and ample covered carport parking. Offered at $286,667 per unit and $489 per foot, the property represents a rare combination of affordability and long-term upside. Current rents are significantly below market, with a projected 61% rental upside through interior renovations and system upgrades. Stabilized metrics pencil at a 6.44% CAP and 11.30 GRM.Additional opportunity exists in the site's underutilized lot size, which may support ADU development (buyer to verify). Investors with a long-term lens will see the location, lot size, and configuration as an ideal canvas for repositioning in a neighborhood where lifestyle is the greatest amenity. Read Less
Courtesy of Compass 310-230-5478
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
17
Square Ft.
11,054
Lot Size
0.32 Acres
Year Built
1952
MLS Number
25570135
30 Days Snapshot Of 90027
$2.49M
-14%
(avg) sold price
8
-27%
homes sold
67
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
11,054 sq ft, Built in 1952, Levels: Two, Attached
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