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Listed by Cameron Samimi, DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
$ 2,400,000
Est. payment | /mo
8,490 Sqft Lot
$ 2,400,000
Est. payment | /mo
8,490 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26125737
Year Built 1949
Lot Size 8,490 Sqft
Source California Regional MLS
Property Description
1646 N Harvard Blvd presents the opportunity to acquire a 10-unit apartment community in the heart of Thai Town, one of Los Angeles' most vibrant and supply-constrained rental markets. Situated on an 8,490 SF lot between Hollywood, Los Feliz, and Silver Lake, the property offers tenants walkable access to renowned 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 and offers a compelling value-add opportunity through both rental repositioning and potential future development. Current rents remain significantly below market, providing investors with the ability to increase income through unit turnover and strategic renovations. Based on projected market rents, ownership estimates annual gross income could increase by more than $125,000, creating substantial NOI growth and value appreciation. Additionally, the oversized lot and existing parking configuration may support the development of two ADUs, including a 1-bedroom and a 2-bedroom unit, generating an estimated additional $61,000+ in annual gross rental income at market rents. Buyer to independently verify all zoning, deve
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 6.0
Pool None
Building
Lot Description Paved
Water District - Public
Others
Tax ID 5544016012
Special Listing Condition Not Applicable
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