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5419 S Harcourt Avenue, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath

5419 S Harcourt Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE$897,000
5419 S Harcourt Avenue, Los Angeles, California 90043
0Bed
0Bath
1,836Sqft
6,913Lot
Year Built
1924
Close
-
List price
$897K
Original List price
$998K
Price/Sqft
$489
HOA
-
Days on market
-
Sold On
-
MLS number
IV25093575
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $897.0K(75th), sqft - 1836(63th), beds - undefined(50th), baths - undefined(50th).

Versatile Triplex with Bonus Unit – Great Owner-User or Investment Opportunity! Welcome to 5419 S Harcourt Ave., a well-located triplex in the heart of Los Angeles with a bonus unpermitted fourth unit. Whether you're looking to live in one unit and rent the others, or expand your investment portfolio, this property offers endless possibilities. Each unit features a functional layout with plenty of natural light, and the property offers gated parking and a private yard area. Conveniently situated near major freeways, shopping, and dining, this is a prime opportunity to create long-term value. Buyer to verify all permits and satisfy themselves as to the condition and permitted use of the property. Property is being sold as-is. Don't miss your chance to own a flexible property with great upside potential in a thriving Los Angeles neighborhood!

Nearby schools

2/10
Fifty-Fourth Street Elementary School
Public,•K-5•0.1mi
3/10
Windsor Hills Math Science
Public,•K-5•0.8mi
3/10
Hillcrest Drive Elementary School
Public,•K-5•1.5mi
6/10
Baldwin Hills Elementary School
Public,•K-5•2.4mi
2/10
Audubon Middle School
Public,•6-8•1.4mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.0mi
1/10
Horace Mann Junior High School
Public,•6-8•2.1mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.8mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.1mi
2/10
Inglewood High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
09/05/23
Sold
$880,000
Condition Rating
Fair
Built in 1924, this property is nearly a century old. While some cosmetic updates like fresh paint and newer laminate flooring are visible in the living areas, the kitchen features dated dark wood cabinets and older white appliances. The bathroom has a tiled shower that appears to be an older renovation (likely 10-20 years ago) and a dated vanity. The overall condition suggests regular upkeep and some occasional updates, but major components and styles are outdated. The 'as-is' sale and the presence of an unpermitted unit further indicate that the property requires minor to moderate updates and repairs to meet modern standards and address potential compliance issues.
Pros & Cons

Pros

Multi-Unit Income Potential: The property is a versatile triplex with a bonus fourth unit, offering significant income generation opportunities for investors or owner-users looking to live in one unit and rent the others.
Prime Los Angeles Location: Conveniently situated in a well-located area of Los Angeles, near major freeways, shopping, and dining, enhancing its appeal and rental demand in a thriving neighborhood.
Value-Add and Upside Potential: Described as a prime opportunity to create long-term value with great upside potential, appealing to buyers seeking appreciation and investment growth.
Desirable Amenities: The property offers gated parking and a private yard area, which are valuable and sought-after features in an urban setting like Los Angeles.
Recent Price Reduction: A significant price drop from the original list price of $998,000 to $897,000 indicates increased value and potential for a more attractive purchase for buyers.

Cons

Unpermitted Fourth Unit: The presence of a 'bonus unpermitted fourth unit' poses legal and financial risks, requiring extensive buyer due diligence for verification, potential legalization, or removal.
Sold 'As-Is' Condition: The property is being sold 'as-is,' meaning the seller will not make repairs, and the buyer assumes all responsibility for its current condition and any necessary upgrades or maintenance.
Age of Property and Maintenance: Built in 1924, the property is nearly a century old, suggesting potential for outdated systems (plumbing, electrical) and higher maintenance costs or the need for significant renovations.

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