New

$4,050,000

12 hours ago

423 N Harvard Blvd, Los Angeles, CA

Name: 423 N Harvard Blvd, For Sale in LOS ANGELES - eXp Realty
Brand: Kidder Mathews of California, Inc.
SKU: 26648061
Price: 4050000 USD

22 Bed

19 Bath

11797 sqft

16 Parking

MLS® 26648061

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 11797 sqft

Garage No

HOA Fees

Taxes

Days Active 0

Approx. Age 1965

Avg. Price Per Sqft $343

MLS® Number 26648061

Property Address: 423 N Harvard Blvd, LOS ANGELES, CA, 90004-2195

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire 423 N Harvard Blvd, a 16-unit value-add property ideally located in one of Los Angeles' most vibrant and rapidly evolving neighborhoods. Situated at the intersection of Beverly Boulevard and Western Avenue, this asset is positioned within close proximity to Koreatown, Hancock Park, Larchmont Village, Hollywood, and Silver Lake areas known for their high demand and consistent growth. Originally constructed in 1965, this two-story building spans approximately 11, 797 square feet on a 14, 373 square foot lot. The Property has been meticulously maintained and upgraded by the current owner, who has held the property for nearly 23 years, yet still offers substantial potential for further value enhancement. This asset is being sold with RTI (Ready to Issue) permits for four Accessory Dwelling Units (ADUs), presenting a significant opportunity to increase rental income (buyer to verify). 423 N Harvard Blvd offers investors a rare value-add opportunity with substantial upside potential. The property boasts a well-maintained unit mix of (10) one-bedroom, one-bath units, (3) two-bedroom, one-bath units, and (2) two-bedroom, two-bath units. Four units are currently vacant. Significant upgrades have already been made, including high-end finishes, modern flooring, remodeled kitchens with quartz countertops, new stainless-steel appliances, renovated bathrooms, new air conditioning units, ceiling fans, and extensive copper plumbing and electrical work. Additionally, the property features a recently installed roof and has completed the seismic soft-story retrofit. The on-site amenities include laundry facilities, secured entry, and 16 parking spaces, an especially valuable feature in this high-demand area. While the property has been thoughtfully upgraded, there remains ample opportunity to add value. A strategic renovation program, coupled with the potential for ADU development and the implementation of RUBS (Ratio Utility Billing Systems) to recapture utility costs, can drive significant rental income growth. 423 N Harvard Blvd is situated in one of Los Angeles' most desirable and rapidly appreciating submarkets. The Property is conveniently located near Larchmont Village, Hancock Park, Koreatown, Hollywood, and Silver Lake, some of the city's most coveted and sought-after neighborhoods. The area is brimming with top-tier restaurants, entertainment options, fitness centers, and shopping destinations, making it an attractive location for tenants. Given its prime location and the continued development of the surrounding area, 423 N Harvard Blvd offers investors an exceptional opportunity to capitalize on rental upside and value-add potential, ensuring long-term growth, appreciation, and strong returns.

MLS® Number26648061

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1965

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 5, 2026List Date

$4,050,000List Price

Commute

Commute

Starting Address

Destination Address

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