1640 N Harvard is a character-rich, courtyard-style property tucked between East Hollywood and the heart of Los Feliz. For Los Angeles multifamily investors, 1640 N Harvard represents an opportunity to reposition a well-located 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, 1640 N Harvard provides exceptional transit connectivity and access to one of LA's most vibrant entertainment corridors. The combination of location, lot size, and current underperformance makes 1640 N Harvard particularly compelling for investors with a long-term repositioning strategy.

Location and Neighborhood Appeal

1640 N Harvard sits at the intersection of two of Northeast LA's most desirable neighborhoods. 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. This proximity to both lifestyle amenities and employment centers makes 1640 N Harvard attractive to a broad renter base.

The Property: Layout and Amenities

1640 N Harvard is set on a 14,140 SF lot and features a classic garden-style layout with mature landscaping, gated entry, community laundry, and ample covered carport parking. The courtyard design creates a sense of community while the mature landscaping provides established character that newer construction often lacks.

For Los Angeles multifamily investors, the lot size at 1640 N Harvard is particularly noteworthy. At 14,140 SF, the property may support ADU development, creating additional upside potential beyond traditional repositioning (buyer to verify zoning and feasibility).

Financial Fundamentals and Upside Potential

1640 N Harvard is offered at $233,333 per unit and $317 per foot, representing a rare combination of affordability and long-term upside in this neighborhood.

Current rents are significantly below market. 1640 N Harvard projects 61% rental upside through interior renovations and system upgrades. This substantial gap between current and market rents is the primary value driver for repositioning investors.

Transit Access and Connectivity

One of the most compelling aspects of 1640 N Harvard is its proximity to the Red Line. Being within a short walk to the Hollywood Boulevard and Western Avenue station positions 1640 N Harvard as a transit-oriented Los Angeles multifamily property.

Transit connectivity matters for tenant demand and long-term property appreciation. Tenants who can access public transportation reduce reliance on personal vehicles, which appeals to younger professionals and environmentally conscious renters. For Los Angeles multifamily investors, transit-accessible properties like 1640 N Harvard tend to appreciate faster and attract more consistent tenant demand.

Conclusion

1640 N Harvard represents a character-rich Los Angeles multifamily opportunity with significant repositioning potential. The combination of transit access, neighborhood amenities, employment proximity, and substantial rental upside makes 1640 N Harvard attractive to investors seeking long-term value creation in Northeast LA.

The Kenny Stevens Team has extensive experience with repositioning projects in East Hollywood and Los Feliz and can help you evaluate whether 1640 N Harvard aligns with your investment strategy.

Contact us to discuss the opportunity and explore how 1640 N Harvard fits your Los Angeles multifamily investment goals.