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    2006 S Harcourt Ave

    Los Angeles, CA 90016
    • $1,525,000
    • STATUS: Active Under Contract
    • ON SITE: 12 days
    • MLS #: 21-695424
    Under Contract
    UPDATED: 55 min ago
    $1,525,000
    • 12
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,188
      SQFT
    • $364
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    2006 S Harcourt Ave is a professionally managed 4plex in the rapidly improving Mid City neighborhood! It is just a half of a block away from the Nate Holden Performing Arts Center, which is a cultural and entertainment destination. Additionally, it's less than 1 mile from the Mid-Town Crossing Shopping Center and the new Target and Sprouts Farmers Market Center. The unit mix is (2) 3 Bed/1 Bath & (2) 3 Bed/2 Bath units. 2 of the 4 units were completely remodeled in 2019 which included adding an extra bathroom which was done by permits. This is a great road map for the new owner to do the same to the 3 Bed/1 Bath units (the 2 non-rehabbed units) and increase their cash flow by $3,052 a month & $36,624 a year. In addition to the two remodeled units, the building got a brand new foundation put in place in 2018, all new copper plumbing (horizontals), and all new electrical service & sub-panels. We have complete records of the recent renovations and bathroom additions of the 2 units. All of the vendor contracts and invoices will be delivered to Buyer which will facilitate the process of updating the 2 non-rehabbed units and save time and money for the new owner. One unit may be delivered vacant which opens the door for an owner-user to live in one unit and rent the others! 5 on-site parking spaces, and no EQ seismic retrofit is required on this property!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T16:42:43.42. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/114370263
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    2006 S Harcourt Ave Los Angeles, CA 90016

    • Price: $1,525,000
    • Status: Active Under Contract
    • Updated: 55 min ago
    • MLS #: 21-695424
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,188
    SQFT
    $364
    $/SQFT
    1923
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    2006 S Harcourt Ave is a professionally managed 4plex in the rapidly improving Mid City neighborhood! It is just a half of a block away from the Nate Holden Performing Arts Center, which is a cultural and entertainment destination. Additionally, it's less than 1 mile from the Mid-Town Crossing Shopping Center and the new Target and Sprouts Farmers Market Center. The unit mix is (2) 3 Bed/1 Bath & (2) 3 Bed/2 Bath units. 2 of the 4 units were completely remodeled in 2019 which included adding an extra bathroom which was done by permits. This is a great road map for the new owner to do the same to the 3 Bed/1 Bath units (the 2 non-rehabbed units) and increase their cash flow by $3,052 a month & $36,624 a year. In addition to the two remodeled units, the building got a brand new foundation put in place in 2018, all new copper plumbing (horizontals), and all new electrical service & sub-panels. We have complete records of the recent renovations and bathroom additions of the 2 units. All of the vendor contracts and invoices will be delivered to Buyer which will facilitate the process of updating the 2 non-rehabbed units and save time and money for the new owner. One unit may be delivered vacant which opens the door for an owner-user to live in one unit and rent the others! 5 on-site parking spaces, and no EQ seismic retrofit is required on this property!
    Exterior Features

    Cross Streets Washington Blvd & Harcourt Ave Lot Size Area 5801 Other Structures Shed(S) Parking Garage Assigned Total Parking 5

    Interior Features

    Baths Total 6.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 428431 Gross Income 105876 Gross Operating Income 102700 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 67337.00 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterGardener Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 35363 Type Of Units 4 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Jonathan Rawson DRE# of Dcdh Investments, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T16:42:43.42. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211