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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12BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
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4,188SQFT
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$364$/SQFT
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!
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.