1041 Elden Ave., Los Angeles, California 90006, Los Angeles, 90006 - 23 bed, 6 bath
ACTIVE$1,975,000
1041 Elden Ave., Los Angeles, California 90006
23Beds
6Baths
5,991Sqft
8,700Lot
Year Built
1915
Close
-
List price
$1.98M
Original List price
$2M
Price/Sqft
$330
HOA
-
Days on market
-
Sold On
-
MLS number
OC25221379
Home ConditionPoor
Features
Deck
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.98M(75th), sqft - 5991(75th), beds - 23(75th), baths - 6(75th).
Income-generating triplex in prime Koreatown near USC & Downtown LA provides substantial income and/or offers a redevelopment opportunity. 8700 sq ft lot with R4 zoning. This gated triplex offers 24 total bedrooms — the front home features 21 bedrooms and the two rear units above a 3 car garage provide an additional 3 bedrooms (total 24 bedrooms). The property includes 10 parking spaces (including the 3-car garage), on-site laundry, and low-maintenance appeals, making it ideal for both investors and owner occupants. Currently 6 rooms vacant, offering immediate rental income potential. Perfect for those looking to live in one unit and rent out the others, or developers seeking a high demand multifamily or apartment project in a prime Koreatown location. Drive by only — do not disturb tenants. Showings by appointment.
Nearby schools
3/10
Leo Politi Elementary School
Public,•K-5•0.1mi
8/10
Hoover Street Elementary School
Public,•K-5•0.4mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.5mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.6mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.7mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.7mi
2/10
Tenth Street Elementary School
Public,•K-5•0.9mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.0mi
3/10
Los Angeles Elementary School
Public,•K-5•1.0mi
4/10
Norwood Street Elementary School
Public,•K-5•1.2mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.5mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.7mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.9mi
3/10
Berendo Middle School
Public,•6-8•0.3mi
3/10
John H. Liechty Middle School
Public,•6-8•1.1mi
5/10
Pio Pico Middle School
Public,•6-8•1.8mi
4/10
John Adams Middle School
Public,•6-8•2.2mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.3mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.7mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.7mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.7mi
4/10
West Adams Preparatory High School
Public,•9-12•0.8mi
3/10
Belmont Senior High School
Public,•9-12•1.6mi
5/10
Santee Education Complex
Public,•9-12•2.1mi
5/10
Foshay Learning Center
Public,•K-12•2.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.6mi
Price History
Date
Event
Price
12/06/25
Price Change
$1,975,000-1.0%
09/19/25
Listing
$1,995,000
Condition Rating
Poor
Built in 1915, this property is over a century old. While seemingly maintained on the exterior, the interior images reveal extremely dated and utilitarian conditions, particularly in the kitchens and bathrooms. Appliances are old, cabinets are basic, and fixtures are simple. The lighting consists of outdated fluorescent tubes. The 24-bedroom, 6-bathroom configuration is highly unusual and suggests a rooming house setup, requiring substantial rehabilitation and re-configuration for modern residential use. Major systems (plumbing, electrical, HVAC) are likely original or very old, necessitating significant investment. The property requires substantial repairs and rehabilitation to meet contemporary living standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
High-Demand Location: Prime Koreatown location, with close proximity to USC and Downtown LA, ensures strong rental demand and potential for appreciation.
Strong Income & Upside Potential: The property is an income-generating triplex with 6 currently vacant rooms, offering immediate rental income upside for investors.
Significant Redevelopment Potential: An 8,700 sq ft lot with R4 zoning provides excellent opportunity for high-density multifamily or apartment project development.
Ample On-Site Parking: The property includes 10 parking spaces, including a 3-car garage, which is a significant advantage in a dense urban area like Koreatown.
Versatile Investment Profile: The property appeals to a broad range of buyers, including cash-flow investors, owner-occupants, and developers, due to its income and redevelopment potential.
Cons
Non-Standard Configuration & Low Bathroom Count: The unusual 24-bedroom, 6-bathroom setup suggests a rooming house or dormitory style, which may limit traditional buyer appeal, complicate financing, and require extensive re-configuration for standard apartment units.
Advanced Age & Potential for Deferred Maintenance: Built in 1915, the property is likely to have aging infrastructure and systems, potentially requiring significant capital investment for updates, repairs, and code compliance.
Restricted Access & Showing Challenges: The 'Drive by only — do not disturb tenants' and 'Showings by appointment' clauses indicate potential difficulties in conducting thorough inspections and showings, which can deter prospective buyers.