2006 South Harcourt Avenue
$1,598,000
2006 South Harcourt Avenue, Los Angeles, CA 90016
4.48
Cap Rate
71,665.16
NOI
Details:
Highlights:
- 4,188 SF building
- 4 units
- Built in 1923
- Renovated in 2019
- Fully occupied
- Over 25% upside in rental income!
- Prime Los Angeles location
- Strong rental demand
Description:
Introducing a prime investment opportunity in the heart of Los Angeles. This charming 4,188 SF building, boasting 4 units, seamlessly blends historic allure with modern upgrades following its 2019 renovation. Two of the four units were extensively upgraded as part of the recent renovation. This property ensures a strong rental demand with a 100% occupancy, an excellent unit mix of all three bedrooms, and over 25% upside potential in rental income. With its coveted location in the greater revitalizing West Adams district, this fourplex promises an exceptional investment in a thriving urban setting. Invest in a piece of Los Angeles history and capitalize on the robust demand for quality rental housing in this vibrant market.
Discover the vibrant surroundings of this Los Angeles location, offering a dynamic blend of urban allure and laid-back California charm. The area is renowned for its diverse selection of dining, shopping, and entertainment options, catering to the varied interests of its residents. Nearby attractions such as the Baldwin Hills Scenic Overlook, Kenneth Hahn State Recreation Area, and the bustling Culver City Art District provide ample opportunities for outdoor recreation and cultural exploration. With its convenient access to major transportation routes and proximity to the heart of LA, the area presents an attractive opportunity for multifamily, low-rise/garden investors seeking to capitalize on the city's thriving real estate market.
Location
