423 N Harvard Boulevard, Los Angeles, CA 90004


Square feet


Lot Size


# Of Units

Listing Agent
Roderick 'rick' Raymundo - Marcus & Millichap

Situated in a small pocket between Silver Lake, Hancock Park, Koreatown, and Hollywood, the property sits squarely in the path of gentrification as the surrounding submarkets have each enjoyed substantial improvements over the past decade. This revitalization, and the corresponding rent growth, could soon reach Harvard Boulevard, putting the property in prime position to see increased income to the benefit on a new investor. All seismic retrofit repairs have already been completed (Buyer to verify), so a new owner can not only avoid an otherwise costly maintenance project, but can potentially collect additional income from tenants as a result. Additionally, the property will be delivered with plans for four potential ADUs, which could increase revenue by approximately $108,000 once completed, adding significant value to the property as well. Existing on-site laundry facilities also provide a supplemental revenue stream that boosts current cash flow. The current owner spared no expense in improving the common area and unit interiors, with most units being thoroughly remodeled. Upgraded units feature new quartz countertops, new stainless steel appliances, new wood flooring, new ceiling fans, newly remodeled bathrooms, and new AC units. A majority of the apartments have new copper plumbing as well, while the owner also replaced the roof in recent years. The property boasts 21 parking spaces, improving the ability to rent to tenants in this dense pocket. Tenants also enjoy convenient access to both Larchmont Village and Virgil Village, two trendy walkable neighborhoods each a short distance from the building. The immediate area also offers plenty for tenants, resulting in the property being dubbed a "Walker's Paradise" with a Walk Score of 90.

Facts & Features

MLS® # 23268791
Price $4,700,000
Bathrooms 0.00
Square Footage 11,797
Lot Size 14,373
Year Built 1965
Type Residential Income
Status Active
# Of Units 16

Community Information

Address 423 N Harvard Boulevard
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90004


Parking Spaces 21
Parking Assigned
Garages Assigned
Is Waterfront No
Has Pool No


Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed May 10th, 2023
Days on Market 20
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentRoderick 'rick' Raymundo
OfficeMarcus & Millichap

Listing Map

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