2010 S Harcourt Ave 4 Unit Apartment Building $1,471,750 CAD ($367,938 CAD/Unit) 4.58% Cap Rate Los Angeles, CA 90016

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.