2006 South Harcourt Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,188 sqft
Price per Sqft $381
MLS Listing ID WS-25111731
Year Built 1923
Lot Size 5,803 Sqft
Property Sub-Type Quadruplex
Property Description
Introducing a prime investment opportunity in the heart of Los Angeles. This charming 4,188 SF building, boasting 4 units, seamlessly blends historic allure with modern upgrades following its 2019 renovation. Two of the four units were extensively upgraded as part of the recent renovation. This property ensures a strong rental demand with a 100% occupancy, an excellent unit mix of all three bedrooms, and over 25% upside potential in rental income. Over $200k was spent on capital improvements by previous ownership, which include electrical/plumbing upgrades, foundation retrofitting, new sewer line, and interior remodel of Units 2008 and 2008.5. Part of the scope of work for the 2018/2019 interior remodel was the addition of a bathroom to each of these two units, which increased the achievable market rents. The value-add in the property lies in an investor's ability to remodel the two remaining units with similar interior upgrades/bathroom additions and increasing market rents for those units as well. There is also potential value-add by constructing multiple ADUs (buyer to verify). The long-term value is in the property's ideal location in the revitalizing Mid-City/West Adams area between the Pacific Ocean and Downtown Los Angeles providing the prospect of solid long-term appreciation and tenant demand.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Interior
Laundry Inside,Stackable,Washer Hookup
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks,Urban
Building
Lot Description Rectangular Lot
Sewer Public Sewer