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$ 4,000,000
Est. payment /mo
Active
1640 N Harvard Boulevard Los Angeles, CA 90027
11,054 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,054 sqft
Price per Sqft $361
MLS Listing ID CL25570135
HOA Y/N No
Year Built 1952
Lot Size 0.325 Acres
Acres 0.32
Property Sub-Type Other
Property Description
***$300,000 Price Reduction*** 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 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 $266,667 per unit and $362 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 7.02% CAP and 10.51 GRM.Additional opportunity exists in the site's underutilized lot size, which may support ADU development (buyer
Location
State CA
County Los Angeles
Zoning LARD
Interior
Fireplace No
Laundry Common Area
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5544016013
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Listed by Max Berger • Compass