1801 N Harvard Blvd is a well-maintained East Hollywood multifamily asset offering a blend of in-place income and long-term value-add potential in one of central Los Angeles’ most dynamic rental markets. Positioned just south of Franklin Avenue and adjacent to Los Feliz, the property sits at the intersection of Hollywood’s entertainment core and a growing medical and educational hub.

Built in 1956, this charming Los Angeles multifamily property consists of (1) two-bedroom unit and (7) one-bedroom units, each averaging approximately 800 square feet. The spacious layouts and mid-century charm present an excellent foundation for interior upgrades, with current rents approximately 21% below market based on comparable renovated units in the area.

At its current income level, 1801 N Harvard Blvd operates at a 4.45% cap rate and a 13.50 gross rent multiplier, giving investors immediate cash flow in a high-demand rental corridor. With thoughtful improvements, the property offers meaningful upside through increased rental income and long-term appreciation.

Recent capital improvements include a brand-new roof and fresh exterior paint, reducing near-term maintenance expenses. Additionally, soft-story retrofitting is not required, allowing buyers to avoid one of the most common deferred capital risks in this asset class.

The location is another standout feature. Residents benefit from walkable access to major employers such as Children’s Hospital Los Angeles, Hollywood Presbyterian Medical Center, and Sunset Gower Studios, as well as Los Angeles City College and numerous independent restaurants, coffee shops, and creative spaces. Easy access to the 101 Freeway and Metro stations enhances connectivity to Downtown LA, Koreatown, and the greater East Hollywood region.

For investors seeking a well-located, income-producing East Hollywood multifamily asset with value-add upside, 1801 N Harvard Blvd represents a compelling opportunity in the heart of a rapidly evolving Los Angeles multifamily submarket.