2949 S Harcourt, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This Value-Add Quadruplex Asset is listed at $1,499,900, representing a strategic entry point following a substantial $500,100 price reduction. While the current list price sits above the $1,363,085 Fair Market Value, the property’s primary appeal lies in its expansive 10,538 sq ft lot and a Condition Rating of 5. The 1924 structure requires comprehensive modernization, yet offers immense upside through ADU conversion of the detached garage and high-density redevelopment. Featuring a patio and significant rental flexibility, this asset is a prime acquisition for Buy-and-Hold Investors or Developers seeking long-term forced appreciation in a high-demand Los Angeles corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2949 S Harcourt Subject | $1,499,900* List Price | 0 | 0 | 2,595 | $525 | - |
A 3527 Chesapeake Sold | $1,100,000 | 0 | 0 | 2,212 | $497 | 0.4 mi |
B 2428 S Dunsmuir Sold | $1,075,000 | 0 | 0 | 1,600 | $672 | 0.7 mi |
C 3020 S Palm Grove Active Under Contract | $1,279,000 List Price | 5 | 4 | 2,714 | $471 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924, the property shows significant age with highly dated kitchen and bathroom facilities that likely exceed a 30-year renovation cycle. The interior features mismatched tiling and aging systems, while the listing description's heavy focus on 'redevelopment,' 'land value,' and 'upside potential' indicates the structures require a comprehensive rehab to meet modern standards.
The expansive 10,538 sq ft lot features a large detached garage, providing a prime opportunity for ADU conversion or further redevelopment to maximize the property's density and value.
The ability to deliver one or more units vacant allows an investor to immediately capture market-rate rents or provides an ideal setup for an owner-user looking to occupy a unit while generating income.
With a substantial price reduction from the original $2,000,000 to $1,499,900, the property now offers a much more aggressive entry point for a quadruplex in a high-demand Los Angeles submarket.
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 improvements and modernization to address deferred maintenance and meet the expectations of modern tenants.
The assigned middle and high schools carry low ratings (2/10), which may deter family-oriented renters and potentially limit long-term residential appreciation compared to neighboring areas.
HUGE PRICE REDUCTION, Exceptional investment opportunity featuring four units for sale situated on an expansive 10,538 sq ft lot with significant upside potential. This well-positioned property offers ample space and flexibility, making it ideal for investors, developers, or owner-users seeking long-term growth. The oversized lot presents excellent potential for future expansion, redevelopment, or additional improvements (buyer to verify with local authorities). A gated, large detached garage at the rear of the property provides secure parking, storage, or possible ADU conversion potential. One or more units can be delivered vacant, offering immediate flexibility for owner occupancy or market-rate leasing. With strong rental potential and land value appreciation, this property combines stable income with future development possibilities. A rare opportunity to acquire a multi-unit property with land, flexibility, and upside in one package.
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 | 2,527 | 50% |
| Lot Size | 10,538 | 6,170 | 90% |
| Price | $1.50M | $1.09M | 60% |
| Price per sq ft | $578 | $476 | 60% |
| Built year | 1924 | 1926 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 202 | 10% |
Apr 19, 2026
$1,499,900
$1,800,000
-17% Price Drop
Initial Listing
Feb 21, 2026
$1,800,000
$2,000,000
-10% Price Drop
Initial Listing
Feb 4, 2026
$2,000,000
Initial Listing
Dec 26, 2000
$205,000
Public Record
Feb 24, 2000
$205,000
Public Record