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1938 S Harcourt Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 4 bed, 4 bath

1938 S Harcourt Avenue, Los Angeles, California 90016 home-pic-0
ACTIVE$1,438,000
1938 S Harcourt Avenue, Los Angeles, California 90016
4Beds
4Baths
2,593Sqft
5,804Lot
Year Built
1940
Close
-
List price
$1.44M
Original List price
$1.45M
Price/Sqft
$555
HOA
-
Days on market
-
Sold On
-
MLS number
SR25068125
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.44M(57th), sqft - 2593(50th), beds - 4(71th), baths - 4(86th).

Exceptional opportunity to own a 4-unit multifamily property in the highly sought-after West Adams neighborhood of Los Angeles. This property offers a perfect blend of investment potential and owner-user flexibility, with three units available for value addition and to be leased at market rates, while the fourth unit is tenant-occupied, providing immediate rental income. Unit Mix: (1) Two-Bedroom, One-Bathroom/ (2) One-Bedroom, One-Bathroom/(1) Studio Unit. Fully Remodeled Unit: One of the 1-bedroom, 1-bath units has been beautifully renovated, featuring: Recessed lighting throughout/Wall-mounted AC/heater for year-round comfort/ Modern bathroom with sleek finishes/Custom-built closet organization system/New interior doors for a fresh, contemporary look. Dual Entry/Exit: Each unit boasts two separate entrances/exits, offering added convenience and privacy. Recent upgrades: Brand-New Roof, Ensuring long-term durability and reduced maintenance costs. New Stucco Exterior: Enhancing curb appeal and providing a fresh, modern aesthetic.4-Car Detached Garage: Located at the rear of the property, providing ample parking or potential ADU conversion opportunities (buyer to verify). Spacious Front Yard: Ideal for tenant enjoyment or future landscaping enhancements. Location: Walk Score of 85 – A walker’s paradise! It is conveniently located near trendy cafes, popular restaurants, and new retail hotspots. West Adams is a rapidly growing neighborhood, known for its charming architecture, cultural vibrancy, and increasing property values. Easy access to public transportation, the Metro line, and major freeways makes commuting a breeze. Potential: 3 units allow you to set market rents immediately, maximizing your income potential. The detached garage offers value-add potential for ADU conversion or additional storage income. Ideal for owner-occupiers, investors, or developers looking to capitalize on the booming West Adams market. Don’t Miss This Rare Opportunity! Whether you’re an investor seeking immediate cash flow potential or an owner-occupier looking for a prime multifamily property in a thriving neighborhood, this 4-plex offers exceptional value and future upside. Contact us today to schedule a private tour and explore the potential of this outstanding West Adams investment property!

Price History

Date
Event
Price
09/27/25
Price Change
$1,438,000
04/02/25
Listing
$1,448,000
05/03/22
Sold
$1,250,000
Condition Rating
Good
While built in 1940, this multi-unit property benefits from significant recent upgrades. The exterior features a brand-new roof and new stucco, enhancing curb appeal and structural integrity. One of the four units has been beautifully renovated with modern finishes, including a sleek kitchen with new stainless steel appliances, a modern bathroom, hardwood flooring, recessed lighting, and a wall-mounted AC/heater. The images confirm this unit is in excellent, move-in ready condition. Although the description notes that the other three units offer 'value addition' potential, implying they require updates, the substantial recent investment in the exterior and one fully modernized unit elevates the overall property condition to 'Good'. Major systems are functional and within their expected lifespan due to these recent updates, even if a full renovation across all units has not occurred.
Pros & Cons

Pros

Strong Investment & Owner-User Potential: Multifamily property with three vacant units ready for value-add and market-rate leasing, alongside one tenant-occupied unit providing immediate income, offering significant flexibility for investors or owner-occupiers.
Significant Recent Capital Improvements: Features a brand-new roof and new stucco exterior, reducing immediate maintenance concerns and enhancing the property's curb appeal and long-term durability.
ADU Conversion Opportunity: A detached 4-car garage at the rear of the property presents a clear and valuable opportunity for conversion into an Accessory Dwelling Unit (ADU), potentially increasing rental income and property value.
Prime, High-Demand Location: Located in the rapidly appreciating West Adams neighborhood, boasting an excellent Walk Score of 85, with convenient access to trendy cafes, restaurants, retail, public transportation, and major freeways.
Partially Renovated Unit: One of the 1-bedroom units has been beautifully renovated with modern finishes, recessed lighting, wall-mounted AC/heater, and custom closets, setting a high standard for future unit upgrades.

Cons

Partial Renovation Scope: Only one of the four units is fully renovated, implying that substantial capital expenditure will be necessary to upgrade the remaining three units to achieve market-rate rents and maximize income potential.
Tenant-Occupied Unit: One unit is currently tenant-occupied, which may limit immediate flexibility for a full property repositioning, extensive renovations across all units, or an owner-user strategy, depending on existing lease terms and tenant rights.
Age of Property & Unspecified System Updates: Built in 1940, and while major exterior updates are noted, the condition and age of internal systems (e.g., plumbing, electrical, HVAC in unrenovated units) are not specified, potentially indicating future capital expenditures beyond the recent upgrades.

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