2949 S Harcourt, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2949 S Harcourt
Los Angeles, California 90016
Property Price
SUMMARY
Analysis of 2949 S Harcourt, Los Angeles, California 90016 is currently available with a list price of $1,800,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1924, this century-old quadruplex is marketed primarily for its 'upside potential' and 'redevelopment' possibilities. The listing analysis explicitly mentions aging infrastructure and the need for significant capital expenditure to modernize century-old systems. The focus on land value and ADU conversion, combined with the lack of interior updates, indicates the property requires substantial rehabilitation to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The oversized 10,538 sq ft lot provides a rare opportunity for future expansion, redevelopment, or the addition of multiple ADUs to maximize the property's density and income stream.
- Immediate Occupancy Flexibility
The ability to deliver one or more units vacant offers a strategic advantage for owner-users seeking to move in or investors looking to immediately capture market-rate rents.
- Value-Add ADU Opportunity
The large detached garage at the rear of the property is perfectly positioned for a high-value ADU conversion, providing a clear path to increasing the total unit count and property valuation.
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 century-old systems and structural components to meet contemporary standards.
- Underperforming Local Schools
The assigned middle and high schools carry low ratings (2/10), which may deter family-oriented tenants and limit the property's appeal to a broader demographic of owner-occupiers.
About 2949 S Harcourt
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1924
- Lot Size
- 10,538 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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
Virginia Road Elementary School
Grades K-5 • 0.7 mi
Baldwin Hills Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,595 | 2,595 | 50% |
| Lot Size | 10,538 | 6,079 | 89% |
| Price | $1.80M | $1.35M | 67% |
| Price per sq ft | $694 | $455 | 89% |
| Built year | 1924 | 1944 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 197 | 11% |
Pricing History
Listed for Sale
Feb 21, 2026
$1,800,000
$2,000,000
-10% Price Drop
Initial Listing
Price Change
Feb 4, 2026
$2,000,000
Initial Listing
Sold
Dec 26, 2000
$205,000
Public Record
Sold
Feb 24, 2000
$205,000
Public Record
