2006 S Harcourt Avenue Active

Los Angeles,CA 90016

$ 1598800

6 Beds

3 Baths

0 SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25111731

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

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 investors 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 propertys 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

Zoning Assessor

Direction East side of S. Harcourt Avenue between Washington Boulevard and W 21st Street.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5061016032

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