Samimi CRE Advisors
    Listings/1646 N Harvard Blvd
    1646 N Harvard Blvd - Photo 1
    multifamilyActive Listing

    1646 N Harvard Blvd

    Los Angeles, CA 90027

    Valuation

    $2,400,000

    Key Specifications

    Total Units

    10

    multifamily

    Year Built

    1949

    Heritage Asset

    Interior

    6,766 SF

    $355 / SF

    Lot Area

    8,490 SF

    Unit Mix

    multifamily

    10x 1-Bed/1-Bath

    Investment Highlights

    Potential to add (2) ADUs, including a 1-bedroom and 2-bedroom unit, generating an estimated $61,000+ in additional annual gross income (buyer to verify)
    Over $125,000 in projected annual rental upside through unit turnover and strategic unit renovations
    Located in the heart of Thai Town, one of Los Angeles' most vibrant and supply-constrained rental markets
    Large 8,490 SF lot positioned between Hollywood, Los Feliz, and Silver Lake
    Proximity to major employers including Kaiser Permanente, Children's Hospital Los Angeles, Netflix, and Paramount Studios, supporting long-term rental demand

    Property Overview

    1646 N Harvard Blvd offers a compelling opportunity to acquire a 10-unit apartment community in the vibrant Thai Town neighborhood of Los Angeles. Situated on an 8,490 SF lot, the property benefits from a prime location between Hollywood, Los Feliz, and Silver Lake, providing tenants with walkable access to a diverse array of restaurants, nightlife, shopping, and major employment centers, including Kaiser Permanente, Children's Hospital Los Angeles, Netflix, and Paramount Studios. The property consists of ten 1-bedroom/1-bathroom units, totaling approximately 6,766 square feet. It presents a significant value-add opportunity through rental repositioning and potential future development. Current rents are substantially below market, allowing investors to increase income through unit turnover and strategic renovations. Ownership estimates that annual gross income could increase by over $125,000, leading to substantial NOI growth and value appreciation. Furthermore, the oversized lot and existing parking configuration may support the development of two Accessory Dwelling Units (ADUs), including a 1-bedroom and a 2-bedroom unit, which could generate an estimated additional $61,000+ in annual gross rental income at market rents. This property offers strong in-place cash flow, significant rental upside, potential ADU expansion, and an irreplaceable location in one of Los Angeles' most sought-after rental submarkets.