
Los Angeles, California 90006
This Koreatown Development Asset is listed at $970,000, positioned near its $948,700 Fair Market Value. Despite a Fair Condition Rating, the property offers immense upside via R3 Zoning on a 5,919 SF Lot, suitable for multi-unit redevelopment or a small-lot subdivision. Recent updates include new flooring and dual-pane windows, while the detached rear unit and private patio facilitate immediate cash flow. Situated in a prime Los Angeles rental hub near the Metro, this high-utility property is a premier choice for Developers and Value-Add Investors seeking long-term ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1207 S Harvard Boulevard Subject | $970,000* List Price | 2 | 2 | 1,392 | $682 | - |
A 1207 S Harvard Boulevard Active | $899,000 List Price | 2 | 2 | 1,392 | $646 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features recent cosmetic improvements such as new flooring, dual-pane windows, and updated light fixtures, the core of the 1911 structure remains dated. The kitchen and bathrooms appear to be older than 20 years or in need of a full remodel, and the 'as-is' sale status combined with the emphasis on R3 development potential suggests that major systems (HVAC/Electric) have not been fully modernized.
The property is situated on an R3-zoned lot in prime Koreatown, offering significant upside for redevelopment into a multi-unit complex or small-lot subdivision.
Featuring a detached rear unit and a main house with a bonus room and den, the layout is ideal for generating immediate rental income or accommodating multi-generational living.
The home has been refreshed with new flooring, dual-pane windows, and modern lighting fixtures throughout, providing a move-in ready feel while maintaining its vintage character.
The property is being sold in as-is condition, which suggests that despite recent cosmetic updates, the 1911 structure may require further investment for system upgrades or remodeling.
Most of the assigned public schools for this address have lower performance ratings, which could be a drawback for families prioritizing high-ranking educational facilities.
New Flooring, New Dual Pane Windows, New Blinds. DON'T MISS THE OPPORTUNITY!! OWNING A HOME WILL SAVE ON YOUR TAX DEDUCTION, EVERY MONTH $4,200 PLUS $10,000 DEDUCTION PER YEAR, in 2026 your tax deduction for owning a home will go up to $40,000.00!! Charming SINGLE FAMILY HOME, Property with R3 Zoning in Prime Koreatown Ideal for Living, Renting, or Developing. Located in the heart of one of LA's most vibrant and rapidly growing neighborhoods, 1207 S Harvard Blvd offers a rare blend of character, flexibility, and long-term upside. This property features a welcoming front home with 2 spacious bedrooms, 1 full bathroom, a bonus room that can serve as a 3rd bedroom, and a separate den or office, perfect for working from home or creating a dedicated guest space. The interior boasts hardwood floors, large windows for natural light, and vintage details with modern potential. At the rear, a detached unit provides additional living space, making it ideal for extended family use or immediate rental income. The lot is zoned R3, offering serious potential for redevelopment into a multi-unit property or small-lot subdivision (buyer to verify with city). The outdoor space includes a private yard, mature landscaping, and a long driveway with ample parking rare for this location. Enjoy unbeatable access to everything Koreatown has to offer, including renowned dining, nightlife, shopping, and the Wilshire/Western Metro station. Also, just minutes from Hancock Park, Larchmont Village, Downtown LA, and USC, making this an incredibly central and desirable location for owners and tenants alike. Whether you're an investor, developer, or end-user looking for flexibility and upside, 1207 S Harvard Blvd delivers location, functionality, and future potential in one of LA's most sought-after communities. WILL BE DELIVERED VACANT!! SELLER SERIOUS ABOUT SELLING, LOOKING FOR A SERIOUS BUYER. NOW IS THE TIME!! ** NOW IT'S PRICE TO SELL!! - NEW LIVING-ROOM LIGHT, NEW FOYER LIGHT, NEW HIGH-END PORCH LIGHT, NEW KITCHEN LIGHT, NEW BATHROOM VANITY CRYSTAL LIGHTS, NEW HALLWAY LIGHT, NEW DEN/OFFICE LIGHT, NEW LIGHTS IN THE BACK HOUSE. Located in the heart of Koreatown, this unique property offers a front house with 2 bedrooms, 1 bathroom, WITH a bonus room (which can be used as a 3rd bedroom), PLUS a den/office, PLUS A Separate back house for additional space or rental income/RECREATION ROOM OR AN ADU. The home is in a prime location, close to shopping, dining, and public transportation. With R3 zoning, this property also offers a great opportunity for development, making it ideal for investors looking to build apartments. The property is being sold "as-is" a great opportunity for buyers looking to customize/REMODEL or develop. The broker does not guarantee the accuracy of the property details, including square footage or lot size. Buyers should verify all information independently.
No exterior & parking available.
Grades K-5 • 0.0 mi
Grades K-5 • 0.3 mi
Grades K-2 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.5 | 17% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,392 | 2,071 | 33% |
| Lot Size | 5,919 | 5,959 | 50% |
| Price | $970.0K | $890.0K | 50% |
| Price per sq ft | $697 | $495 | 83% |
| Built year | 1911 | 1904 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 139 | 17% |
Apr 21, 2026
$970,000
Initial Listing
Aug 12, 2013
$440,000
Public Record