2949 S Harcourt Avenue, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
ACTIVE$2,495,000
2949 S Harcourt Avenue, Los Angeles, California 90016
0Bed
0Bath
2,595Sqft
10,538Lot
Year Built
1924
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$961
HOA
-
Days on market
-
Sold On
-
MLS number
SB25076934
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.50M(71th), sqft - 2595(50th), beds - undefined(50th), baths - undefined(50th).
Excited to present a rare investment opportunity in Los Angeles—a spacious 4-plex situated on a massive 10,000+ sq ft lot. This property features 4 units, with one currently owner-occupied and to be delivered vacant at the close of escrow, making it ideal for both investors and owner-users. With ample outdoor space and located in a desirable area, this property offers incredible potential for rental income, future development, or customization. Don’t miss your chance to own a multifamily gem in the heart of LA!
Nearby schools
5/10
Cienega Elementary School
Public,•K-5•0.5mi
5/10
Virginia Road Elementary School
Public,•K-5•0.7mi
6/10
Baldwin Hills Elementary School
Public,•K-5•0.8mi
6/10
Marvin Elementary School
Public,•K-5•0.9mi
4/10
Alta Loma Elementary School
Public,•K-5•1.3mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.6mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.8mi
2/10
Audubon Middle School
Public,•6-8•1.7mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.8mi
3/10
Daniel Webster Middle School
Public,•6-8•4.8mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.4mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
12/26/00
Sold
$205,000
02/24/00
Sold
$205,000
Condition Rating
Poor
The property was built in 1924, making it 100 years old. There is no mention of any significant or recent renovations in the listing description. The AI analysis explicitly highlights 'significant deferred maintenance, outdated systems, and higher renovation costs.' Without any updates, the kitchens, bathrooms, and major systems (electrical, plumbing, HVAC) are highly likely to be original or very old, requiring substantial repairs and rehabilitation to meet current quality standards and comfort. While it's a functional 4-plex, its advanced age and lack of reported updates place it firmly in the 'Poor' condition category, indicating a need for considerable investment.
Pros & Cons
Pros
Significant Investment Opportunity: Explicitly marketed as a 'rare investment opportunity' with 'incredible potential for rental income' from a 4-plex, ideal for both investors and owner-users.
Massive Lot Size: A 'massive 10,000+ sq ft lot' in Los Angeles is a premium asset, offering significant outdoor space and potential for future development or expansion.
Owner-User Potential with Vacant Unit: One unit delivered vacant at the close of escrow makes it highly attractive for owner-users seeking to offset mortgage costs or for immediate rental income optimization.
Multifamily Asset in Desirable LA Location: A quadruplex in 'the heart of LA' provides a stable income-generating asset in a high-demand market.
Development/Customization Potential: The large lot and multifamily nature offer flexibility for future expansion, redevelopment, or significant customization to enhance value.
Cons
Advanced Age of Property: Built in 1924, the property is 100 years old, suggesting potential for significant deferred maintenance, outdated systems, and higher renovation costs.
Low-Rated Middle and High Schools: The proximity to middle and high schools with low ratings (Audubon Middle School and Susan Miller Dorsey Senior High School both rated 2) could be a deterrent for families with school-aged children.
Small Unit Sizes: With 2595 sq ft across 4 units, the average unit size is approximately 650 sq ft, which might be considered small for some tenants and could limit rental income potential compared to larger units.