2949 S Harcourt, Los Angeles, California 90016, Los Angeles, 90016 - 6 bed, 4 bath
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2949 S Harcourt
Los Angeles, California 90016
ACTIVE
CONDITION: POOR
6Beds
4Baths
2,595Sq Ft
10,538Lot Size
Property Price
LIST PRICE$1,299,000
EST. MARKET VALUE
$1,091,633
18% AboveMARKET VALUE
SUMMARY
This West Adams fourplex represents a High-Potential Investment Opportunity, listed at $1,299,000—positioned above the $1,091,633 Fair Market Value. While the property requires capital expenditure due to its Condition Rating of 5, the 10,538 sq. ft. corner lot and four garage spaces provide significant value-add potential, including ADU development. With one unit delivered vacant and three on month-to-month leases, this asset offers immediate repositioning flexibility. It is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to modernize a classic 1924 multi-unit asset.
Estimated Market Value
$1,091,633
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2949 S Harcourt Subject | $1,299,000* List Price | 6 | 4 | 2,595 | $421 | - |
A 3020 S Palm Grove Sold | $1,100,000 | 5 | 4 | 2,714 | $405 | 0.1 mi |
B 2424 West Active | $925,000 List Price | 4 | 3 | 2,459 | $376 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1924 (100 years old) with no mention of recent renovations to kitchens, baths, or major systems. The listing explicitly highlights 'add value' potential, which typically indicates a need for significant rehabilitation. Exterior photos show dated finishes and general wear consistent with a property requiring a full update.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Flexibility
With one unit delivered vacant and three on month-to-month leases, the property offers immediate options for owner-occupancy or the ability to reposition the asset at market-rate rents.
- Development Potential
The oversized 10,538 sq. ft. corner lot provides significant space for value-add opportunities, including the potential addition of Accessory Dwelling Units (ADUs) to increase cash flow.
- Secure Parking & Grounds
The inclusion of four dedicated garage spaces and gated grounds is a premium feature for a multi-unit property in this high-density area, enhancing tenant retention and security.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10538, other record lot size in square feet = 10463.
- Aging Infrastructure
Built in 1924, the property likely requires significant capital expenditure to modernize electrical, plumbing, and structural systems to meet contemporary standards.
- Local School Performance
The assigned middle and high schools have low performance ratings (2/10), which may limit the property's appeal to families and impact long-term appreciation potential.
About 2949 S Harcourt
Great west Adams fourplex oppertunity! Discover 2949 Harcourt Ave, a well positioned four-unit property on an oversized corner lot. The property offers approximately 2,595 sq, ft, of living space, four garage spaces, gated grounds, and execellent potential for investors and owner-users. Three units are currently month-to-month, while one unit will be delivered vacant. offering flexibility for the next owner. Conveniently located near shopping, entertainment and major Los Angeles transportation corridors. A great opportunity to own and add value in a desirable Los Angeles neighborhood.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1924
- Lot Size
- 10,538 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cienega Elementary School
Grades K-5 • 0.5 mi
5/10
Virginia Road Elementary School
Grades K-5 • 0.7 mi
5/10
Baldwin Hills Elementary School
Grades K-5 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.6 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,595 | 2,187.451 |
| Lot Size | 10,538 | 5,841.385 |
| Price | $1.30M | $841.5K |
| Price per sq ft | $501 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 14 | 85 |
Pricing History
Listed for Sale
Aug 26, 2026
$1,299,000
Initial Listing
Sold
Dec 26, 2000
$205,000
Public Record
Sold
Feb 24, 2000
$205,000
Public Record