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

2949 S Harcourt, Los Angeles, California 90016 home-pic-0

2949 S Harcourt

Los Angeles, California 90016

ACTIVE
CONDITION: POOR
0Beds
0Baths
2,595Sq Ft
10,538Lot Size

Property Price

LIST PRICE$1,800,000

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

Poor
TeardownExcellent

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

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,5952,595
50%
Lot Size10,5386,079
89%
Price$1.80M$1.35M
67%
Price per sq ft$694$455
89%
Built year19241944
33%
HOA$0$0
50%
Days on market30197
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

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