2006 South Harcourt Avenue

Los Angeles, CA 90016

$1,545,000
Last Sold Price
12
Beds
6
Baths
4,188 Sq. Ft.
$369 / Sq. Ft.
4,188
Sq. Ft.
$369
per Sq. Ft.

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...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!
  1. Listed by Jonathan Rawson • DRE #02010400 • Brokerage DRE #01872854 • Avenue Realty Group
  2. Listed by Keith Moret • DRE #01802527 • Brokerage DRE #01407700 • Keller Williams Beach Cities

Property Details for 2006 South Harcourt Avenue

Zoning
LARD2
Cross Streets
Washington Blvd & Harcourt Ave
Parcel Number
5061016032
Total Units
4.0
Living Area
4188
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
$3,176

Location

Listing Courtesy of Avenue Realty Group, Jonathan Rawson, DRE #02010400; Keller Williams Beach Cities, Keith Moret, DRE #01802527

Sold By EXP REALTY, JAMES TRAN, DRE #01949084

Add your commute
LISTING UPDATED: 05/23/2022 05:05 PM

Property Details for 2006 South Harcourt Avenue

StatusSold
MLS #21-695424
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.13 AC / 5,801 SF
CountyLos Angeles County

Location

Listing Courtesy of Avenue Realty Group, Jonathan Rawson, DRE #02010400; Keller Williams Beach Cities, Keith Moret, DRE #01802527

Sold By EXP REALTY, JAMES TRAN, DRE #01949084

Add your commute

Building Information for 2006 South Harcourt Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.13 AC / 5,801 SF

Payment Calculator

$10,088 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,432

Property Taxes

$1,656

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2006 South Harcourt Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Yes
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $102,700
  • Net Operating Income: $67,337.00
  • Gross Income: $105,876
  • Cap Rate: 4.42%
  • Gross Rent Multiplier: $14.40
  • Actual Gross Annual Income: $105,876
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 35363
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1332
  • Lot Size Square Feet: 5801
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 02-19-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,875.00
  • Unit Actual Rent: $2,875.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,638.00
  • Unit Actual Rent: $1,638.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,310.00
  • Unit Actual Rent: $1,310.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $215,413.00
  • Assessed Improvement Percent: 50.28
  • Assessed Land Value: $213,018.00
  • Assessed Land Percent: 49.72
  • Assessed Total Value: $428,431.00

Property History for 2006 South Harcourt Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2006 South Harcourt Avenue

Taxable ValueLand$1,144,440Additions$462,978Total$1,607,418
Tax Record2023$19,878 ($1,656 / month)
Home Facts
Total Finished SqFt4,188 SqFtAbove Grade Finished SqFt4,188 SqFtLot Size5,801 SqFtStyleQuadraplexYear Built1923ZoningLARD2CountyLOS ANGELESAPN5061-016-032

Schools near 2006 South Harcourt Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Alta Loma Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Avenue Realty Group, Jonathan Rawson, DRE #02010400; Keller Williams Beach Cities, Keith Moret, DRE #01802527

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.