1207 S Harvard Boulevard, Los Angeles, California 90006, Los Angeles, 90006 - 2 bed, 2 bath
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Los Angeles, California 90006
This Koreatown Development Asset represents a Strong Value Opportunity with a List Price of $899,000—positioned well below the $961,168 Fair Market Value by 6%. This valuation gap provides $62,168 in Instant Equity for an acquisition in a high-demand rental corridor. While the 1911 structure carries a Fair Condition Rating, its primary value is driven by the R3 Zoning and 5,919 SF Lot, offering significant redevelopment upside. Featuring a detached rear unit and a private patio, this property is a strategic acquisition for Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1207 S Harvard Boulevard Subject | $899,000* List Price | 2 | 2 | 1,392 | $690 | - |
A 1025 S Kenmore Avenue Active | $995,000 List Price | 3 | 2 | 1,374 | $724 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, originally built in 1911, is in habitable condition but shows significant signs of age and dated styling. While it has received minor cosmetic updates including newer laminate flooring and recently replaced light fixtures, the kitchen features dated oak cabinetry and basic appliances. The listing's 'as-is' sale condition and heavy emphasis on R3 development potential further indicate that the structure requires modernization. It is important to note that the high-end modern farmhouse images provided are AI-generated renderings and do not represent the property's current physical state.
The property is situated on a valuable R3-zoned lot in high-demand Koreatown, offering significant upside for investors to redevelop into a multi-unit complex or small-lot subdivision.
With a detached rear unit and a main house featuring a bonus room and den, the property provides excellent flexibility for immediate rental income, an ADU conversion, or multi-generational living.
Located in the heart of Koreatown, the home offers exceptional walkability to world-class dining and the Wilshire/Western Metro station, while maintaining proximity to DTLA, USC, and Hancock Park.
Built in 1911 and sold in as-is condition, the property likely requires substantial structural and system updates beyond the recent cosmetic lighting improvements to meet modern standards.
The majority of the assigned public schools for this address have low performance ratings (3/10), which may deter families specifically seeking high-ranking educational districts.
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 | 4.0 | 17% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,392 | 2,176 | 33% |
| Lot Size | 5,919 | 5,959 | 50% |
| Price | $899.0K | $805.0K | 67% |
| Price per sq ft | $646 | $393 | 83% |
| Built year | 1911 | 1904 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 187 | 17% |
Mar 19, 2026
$899,000
Initial Listing
Aug 12, 2013
$440,000
Public Record