2048 S Harcourt Avenue, Los Angeles, CA 90016

Property Description

Set on an 8,507 SF corner lot in prime Mid-City, minutes from West Adams and Culver City, this renovated duplex offers two 3-bedroom, 2-bath residences and zoning that supports adding another duplex plus up to 4 ADUs (buyer to verify zoning, entitlements, and permit status with LADBS and LA City Planning).Live in one, let the other pay you. The spacious upper 3BR/2BA is vacant in mid-November, ready for an owner-occupant to move in. The lower 3BR/2BA is leased at $4,500/month through 11/15/2027, which offsets your payment with predictable income. Low-down financing may be possible at this price point (lender to verify).Build more on the lot. An 8,507 SF RD2 lot gives a buyer real room to grow. A second duplex would add two more full residences, which typically means stronger rent per building and better return per construction dollar than a single ADU. The lot also supports up to 4 ADUs (verify permit status with LADBS). Hold the stabilized income now, then phase in new units when the numbers work.Renovated throughout. The 2,934 SF of combined living space features tastefully renovated interiors, copper plumbing, updated electrical, and tankless water heaters, so your capital can go toward growth instead of deferred maintenance.