2949 S Harcourt Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This 1924 quadplex represents a Strong Value Opportunity, listed at $1,399,000—positioned well below the $1,552,864 Fair Market Value by 9%. This valuation gap provides $153,864 in Instant Equity for the buyer. With a Fair Condition Rating, the property offers significant upside through modernization of its aging infrastructure. The expansive 10,538 sq. ft. corner lot and vacant delivery of units and garages make this an ideal asset for Buy-and-Hold Investors or Owner-Occupants seeking a value-add multifamily project in a high-demand Los Angeles submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2949 S Harcourt Avenue Subject | $1,399,000* List Price | 0 | 0 | 2,595 | $598 | - |
A 3020 S Palm Grove Sold | $1,100,000 | 5 | 4 | 2,714 | $405 | 0.1 mi |
B 3527 Chesapeake Sold | $1,100,000 | 0 | 0 | 2,212 | $497 | 0.4 mi |
C 2428 S Dunsmuir Sold | $1,075,000 | 0 | 0 | 1,600 | $672 | 0.7 mi |
D 2949 S Harcourt Active | $1,499,900 List Price | 0 | 0 | 2,595 | $578 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924, this 100-year-old property is described as well-maintained and currently occupied, but the listing's focus on 'value-add' and 'renovation' potential suggests dated kitchens, bathrooms, and systems that require modernization to meet current market standards.
The expansive 10,538 sq. ft. corner lot provides a rare opportunity for future expansion, such as adding ADUs or complete redevelopment in a high-demand Los Angeles submarket.
With one unit, the garages, and the rear yard delivered vacant at close, investors can immediately begin renovations or repositioning to maximize rental income and property value.
The presence of three month-to-month tenants offers the buyer flexibility to transition the property to market-rate rents or implement a long-term value-add strategy without long-term lease constraints.
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.
Built in 1924, the property likely requires significant capital expenditure for modernizing systems, seismic retrofitting, or addressing deferred maintenance typical of century-old structures.
The assigned middle and high schools carry low performance ratings (2/10), which may limit the property's appeal to long-term family tenants and impact future resale value.
Prime Corner Lot Investment Opportunity in Los Angeles. Situated on an expansive 10,538 sq. ft. corner lot, this well-maintained 4-plex offers outstanding potential for investors, developers, or owner-users. The property includes four individually addressed units, four garage spaces, and a gated, fully secured covered yard—ideal for additional rental income or future expansion. The building features three month-to-month tenants and one unit delivered vacant at close of escrow, making it perfect for an owner-occupant or value-add strategy. In addition, the garages and rear yard space will be delivered vacant, providing immediate flexibility for renovation, repositioning, or maximizing rental income. A rare chance to acquire a versatile multifamily asset in a high-demand Los Angeles location with large lot, ideal for those seeking scale, upside, and long-term value.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,595 | 2,459 | 56% |
| Lot Size | 10,538 | 6,261 | 89% |
| Price | $1.40M | $1.07M | 78% |
| Price per sq ft | $539 | $427 | 78% |
| Built year | 1924 | 1937 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 184 | 11% |
Jun 3, 2026
$1,399,000
Initial Listing
Dec 26, 2000
$205,000
Public Record
Feb 24, 2000
$205,000
Public Record