NOT LISTED FOR SALE

2048 S Harcourt Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,266,000 - $1,882,433

6 Beds
8 Baths
2,934 Sq Ft
$516/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $1,520,000 $518 Per Sq Ft

Current estimated payment $9,877/month

66 Days on Market

Highlights

  • Covered Patio or Porch
  • 2 Car Garage
  • Zoned Cooling
  • Balcony
  • Tankless Water Heater
  • South Facing Home

About This Home

As of January 2022

Beautifully remodeled duplex from head to toe on a large lot located in Mid-city, Los Angeles that sits on an 8,500 sf lot. The location of this property is within 10 miles radius from Santa Monica, Beverly Hills, Inglewood, Hollywood & Downtown LA. Each unit is about 1,450 sf and consists of 3 bedrooms, 3.5 bathrooms with open-concept kitchens equipped with new stainless steel appliances, quartz countertops and ample cabinets for storage. Reinforced foundation, insulation, roof coating, copper piping, interior/exterior paint, dual pane windows, doors, upgraded electrical, waterproof Mohawk flooring throughout, recessed lighting in every room, multi-zone mini-split ductless HVAC systems, and tankless water heaters in each unit. The top unit has a balcony overlooking Baldwin Hills that gets a nice breeze and the bottom unit has French doors that lead to a spacious back patio area, perfect for entertaining. The property boasts curb appeal with low-maintenance landscaping and new drip irrigation system. The driveway has been repaved which can fit up to 2 cars side by side and there is also a detached 2-car garage. Potential for an ADU addition in the large backyard. This property is perfect for a buyer that is looking to live in on and rent the other, for two families that would like to live together but separately, or an investor looking to add to their portfolio.

Last Agent to Sell the Property

Rachelle Tan

LPT Realty, Inc License #01889314 Listed on: 10/04/2021

LPT Realty, Inc

Last Buyer's Agent

Steven Hill

Equity Union License #02023251

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,470

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 8,506 Sq Ft Lot
  • South Facing Home
  • Drip System Landscaping

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Driveway
  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Raised Foundation
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,934 Sq Ft Home
  • 2-Story Property
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Additional Homes

  • Accessory Dwelling Unit (ADU)

Utilities

  • Zoned Cooling
  • Heat Pump System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5061-016-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,470

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 2934
  • Lot Acreage: 0.1953
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 48
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 2
  • Number Disposal: 2
  • Number Range: 2
  • Number Refrigerator: 2
  • Bedrooms: 6
  • Total Bathrooms: 8.00
  • Equipment: Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Microwave, Range/Oven, Refrigerator, Water Line to Refrigerator, Vented Exhaust Fan, Ice Maker
  • Price Per S Q F T: 509.54

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Features: Balcony, Energy Efficient, Full Copper Plumbing
  • Other Structures: Accessory Dwelling Unit
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Patio: Covered Porch, Balcony, Porch - Rear
  • Pool: No
  • Roof: Flat
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Garage Structures: 1
  • Parking Garage: Garage, Driveway - Pavers, Garage Is Detached, On street, Uncovered
  • Total Parking: 4

Utilities

  • Water Heater: Tankless, Gas
  • Cooling: Air Conditioning, Multi/Zone
  • Heating: Electric, Heat Pump
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Sewer: In Street
  • Water Expense: 3000.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 4147.00

Lot Info

  • Sprinklers: Drip System
  • Assessed Improvement Percent: 27.27
  • Assessed Improvement Value: 176619
  • Assessed Land Percent: 72.73
  • Assessed Land Value: 470995
  • Total Assessed Value: 647614
  • Assessor Parcel Number: 5061-016-024
  • Lot Size Area: 8506

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 19.00
  • Number Of Units: 2
  • Number Wall A C: 2
  • Total Annual Expense: 28285
  • Type Of Units: Residential
  • Vacancy Rate: 100

Tax Info

  • Tax Expense: 19938.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2021
Closed on
Dec 9, 2021
Sold by
Flora B Baldonado Revocable Trust
Bought by
Pichardo Mauricio and Chao Liang Chen
Seller's Agent
Rachelle Tan
LPT Realty, Inc
Buyer's Agent
Steven Hill
Equity Union
List Price
$1,595,000
Sold Price
$1,520,000
Premium/Discount to List
-$75,000
-4.7%
Current Estimated Value
$1,514,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,142
Avg. Annual Appreciation
-0.42%
Original Mortgage
$1,140,000
Outstanding Balance
$1,052,932
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$444,278

Purchase Details

Closed on
May 20, 2020
Sold by
Lewis Christine M and Raveling Jay D
Bought by
Nationwide Title & Abstract Llc

Purchase Details

Closed on
May 19, 2020
Sold by
Nationwide Title & Abstract Llc
Bought by
Baldonado Flora B and Flora B Baldonado Revocable Tr

Purchase Details

Closed on
Oct 27, 2008
Sold by
Nicolas Bernard
Bought by
Lewis Christine M and Raveling Jay D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2003
Sold by
Miller Corrine and The Corrine Miller Separate Tr
Bought by
Nicolas Bernard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,250
Interest Rate
5.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 3, 2002
Sold by
Miller Corinne
Bought by
Miller Corinne and The Corinne Miller Separate Pr
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pichardo Mauricio $1,520,000 Provident Title
Nationwide Title & Abstract Llc $715,000 Accommodation
Baldonado Flora B $808,000 Chicago Title
Lewis Christine M $550,000 Commonwealth
Nicolas Bernard $335,000 Fidelity
Miller Corinne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pichardo Mauricio $1,140,000
Previous Owner Lewis Christine M $495,000
Previous Owner Nicolas Bernard $50,000
Previous Owner Nicolas Bernard $318,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $1,520,000 +1.7% $518 / Sq Ft
12/09/2021 12/09/21 Pending -- -- --
11/23/2021 11/23/21 Price Changed $1,495,000 -6.3% $510 / Sq Ft
10/04/2021 10/04/21 For Sale $1,595,000 -- $544 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,470 $1,613,036 $1,061,208 $551,828
2024 $19,470 $1,581,408 $1,040,400 $541,008
2023 $19,097 $1,550,400 $1,020,000 $530,400
2022 $10,204 $832,696 $494,671 $338,025
2021 $10,068 $816,370 $484,972 $331,398
2020 $8,243 $648,014 $470,995 $177,019
2019 $7,926 $635,316 $461,760 $173,556
2018 $7,842 $622,867 $452,706 $170,161
2016 $7,484 $598,298 $435,128 $163,170
2015 $7,378 $589,312 $428,592 $160,720
2014 $7,415 $577,769 $420,197 $157,572
Source: Public Records

Agents Affiliated with this Home

  • Rachelle Tan

    Seller's Agent in 2022

    Rachelle Tan

    LPT Realty, Inc

    (323) 580-3680

    1 in this area

    13 Total Sales

    Rachelle Tan
    Section Image
  • Steven Hill

    Buyer's Agent in 2022

    Steven Hill

    Equity Union

    (310) 999-3449

    2 in this area

    95 Total Sales

    Steven Hill
    Section Image
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Map

Source: The MLS

MLS Number: 21-783504

The MLS

APN: 5061-016-024

California Los Angeles County Los Angeles 90016 Mid-City

2048 S Harcourt Ave, Los Angeles, CA

This home is located at 2048 S Harcourt Ave, Los Angeles, CA 90016 since 04 October 2021 and is currently estimated at $1,514,858, approximately $516 per square foot. This property was built in 1923. 2048 S Harcourt Ave is a home located in Los Angeles County with nearby schools including Alta Loma Elementary, Johnnie L. Cochran Jr. Middle School, and Los Angeles Senior High School.

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