1041 Elden Ave., Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
1041 Elden Ave.
Los Angeles, California 90006
Property Price
SUMMARY
Analysis of 1041 Elden Ave., Los Angeles, California 90006 is currently available with a list price of $1,975,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1915, this property is over a century old. The kitchen features very dated white appliances, worn dark wood cabinets, and basic countertops, suggesting renovations (if any) occurred 30-50+ years ago. Interior images show utilitarian fluorescent lighting and textured walls, while the exterior appears aged. Although currently income-generating, the property's age, visible wear, and lack of modern updates in key areas indicate that major systems and components likely require substantial repairs, rehabilitation, and extensive modernization to meet current standards and comfort levels. The description also highlights a 'redevelopment opportunity,' further suggesting the existing structure's condition is not its primary value.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Development Potential
Located in 'prime Koreatown near USC & Downtown LA' with R4 zoning on an 8700 sq ft lot, offering significant redevelopment opportunities for multifamily or apartment projects.
- High Income-Generating Capacity
An income-generating triplex with an exceptional 24 total bedrooms and 6 currently vacant rooms, providing immediate and substantial rental income potential.
- Versatile Investment Profile
Appeals to a broad range of buyers, including investors, owner-occupants (live-in one, rent others), and developers seeking high-demand projects.
CONSRISKS & DEFICIENCIES
- Advanced Age & Potential for Deferred Maintenance
Built in 1915, the property is over a century old, likely requiring significant capital expenditure for system upgrades, structural repairs, and modernization to meet current standards.
- Restricted Access for Due Diligence
The 'Drive by only — do not disturb tenants' instruction severely limits prospective buyers' ability to conduct thorough interior inspections, assess current tenant conditions, or accurately estimate renovation costs.
- Unconventional Unit Layout & Management Complexity
The '21 bedrooms' in the front unit suggests a non-traditional, potentially boarding house-style configuration, which could entail unique management challenges, higher turnover, and specific regulatory compliance requirements.
About 1041 Elden Ave.
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1915
- Lot Size
- 8,700 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Leo Politi Elementary School
Grades K-5 • 0.1 mi
Hoover Street Elementary School
Grades K-5 • 0.4 mi
Magnolia Avenue Elementary School
Grades K-6 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 5,991 | 3,013 | 83% |
| Lot Size | 8,700 | 6,328.5 | 83% |
| Price | $1.98M | $857.5K | 83% |
| Price per sq ft | $330 | $400 | 33% |
| Built year | 1915 | 1916 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 168 | 189 | 50% |
Pricing History
Listed for Sale
Dec 6, 2025
$1,975,000
$1,995,000
-1% Price Drop
Initial Listing
Price Change
Sep 19, 2025
$1,995,000
Initial Listing