2006 S Harcourt Avenue
Los Angeles, CA, 90016
$1,598,800
Beds
0 Baths
SqFt
0.13 Acres
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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.

Property Details

Price:
$1,598,800
MLS #:
WS25111731
Status:
Active
Baths:
0
Address:
2006 S Harcourt Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Apr 24, 2025
State:
CA
ZIP:
90016
Lot Size:
5,803 sqft / 0.13 acres (approx)
Year Built:
1923
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Lot Features
Rectangular Lot
Parking Features
Assigned
Parking Spots
6.00
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None
Sewer
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Stories Total
2
Water Source
Public

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2006 S Harcourt Avenue
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