$500K Reduction | $233K PPU | 61% Upside 1640 N Harvard Blvd 16 Unit Apartment Building $4,885,720 CAD ($305,358 CAD/Unit) 4.18% Cap Rate Los Angeles, CA 90027

***$500,000 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. Just steps from Hollywood Boulevard and within a short walk to the Red Line station at Hollywood Boulevard and Western Avenue, this location provides exceptional transit connectivity and access to one of LA's most vibrant entertainment corridors. Tenants will appreciate convenient access to Los Feliz icons like Hillhurst Avenue's Maru Coffee, Found Oyster, and Alcove Café, 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 $233,333 per unit and $317 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 8.20% CAP and 9.20 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, enhanced by direct transit access and proximity to Hollywood's entertainment epicenter.