2010 S Harcourt Ave - Apartments FOR SALE


Los Angeles, CA 90016- Mid-City
$1,075,000 USD
310-428-7580
2010 S Harcourt Ave, Los Angeles, CA for Sale
$1,075,000 USD
Apartments - FOR SALE
1/13
null | 4.58% Cap Rate

2010 S Harcourt Ave
Los Angeles, CA 90016
Mid-City


HIGHLIGHTS

  • ADU Potential
  • Low OpEx Costs
  • Central Mid-City location

OVERVIEW

Lee & Associates Apartment Advisors is pleased to present Harcourt Apartments located at 2010 S. Harcourt Avenue in the mid-city section of Los Angeles. The charming quadruplex was constructed in 1923 and is comprised of four x two bedroom/one bath apartments. Each apartment has its own water heater and laundry hookups. Two of the apartments were recently renovated. The property is separately metered and ownership only pays for water and sewer. There is carport parking in the rear, and the potential exists to construct an ADU on top of the carport. The foundation was seismically reinforced in 2012, and there have been some electrical upgrades. The property is subject to city of Los Angeles Rental Stabilization Ordinance. Harcourt Apartments is centrally located on a quiet residential street in mid-city with easy access to I-10, Metro’s light rail E line, the La Brea corridor, West Adams, Hancock Park and Beverly Hills. With continued upward pressure on rents, a desirable neighborhood, and ADU potential, this offering is an ideal bite sized deal for an investor.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

4

PRICE/UNIT

$268,750

CAP RATE

4.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,801 SF

ZONING

LA RD2

APN/PARCEL ID

5061-016-031

ASK ABOUT THIS PROPERTY

Robert LeveenLee & AssociatesMore Info
310-428-7580

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Robert LeveenLee & AssociatesMore Info
310-428-7580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.