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10915 Ayres Avenue, Los Angeles, California 90064, Los Angeles, 90064 - 7 bed, 5 bath

10915 Ayres Avenue, Los Angeles, California 90064 home-pic-0
ACTIVE$2,990,000
10915 Ayres Avenue, Los Angeles, California 90064
7Beds
5Baths
4,000Sqft
7,413Lot
Year Built
1946
Close
-
List price
$2.99M
Original List price
$3.4M
Price/Sqft
$748
HOA
-
Days on market
-
Sold On
-
MLS number
25529619
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.99M(75th), sqft - 4000(95th), beds - 7(99th), baths - 5(81th).

Rare opportunity to own a well-maintained triplex in Rancho Park. One of the most desirable pockets of West LA. This multi-unit property offers three separate residences, each with its own unique layout and charm. The front unit was recently renovated from the ground up, blending modern upgrades with comfortable, everyday living. All units have their own laundry, updated kitchens and baths, and get great natural light throughout the day. The top unit features a private rooftop patio with perfect for entertainment or relaxation. Just minutes away from Rancho Park Golf Course, shops, restaurants, bars and a major new UCLA development. Whether you choose to occupy one of the units and rent out the others or lease all three, this property offers multiple investment paths with solid upside potential."

Price History

Date
Event
Price
06/15/15
Sold
$1,350,000
Condition Rating
Excellent
Despite being built in 1946, the property has undergone extensive recent renovations. The description states the front unit was 'renovated from the ground up' and all units feature 'updated kitchens and baths.' The images confirm a modern, high-quality aesthetic throughout, with white shaker cabinets, stainless steel appliances, light countertops, subway tile backsplashes, modern light fixtures, and consistent hardwood flooring. Bathrooms are also updated with contemporary vanities and subway tile. These updates bring the visible components to a virtually new standard, aligning with the 'Excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Multi-Unit Income Potential: Rare triplex offering three separate residences, providing diverse investment paths for owner-occupancy with rental income or full leasing, with solid upside potential.
Prime West LA Location: Situated in a highly desirable pocket of Rancho Park, minutes from Rancho Park Golf Course, shops, restaurants, bars, and a major new UCLA development, ensuring strong tenant demand and appreciation.
Recent Renovations & Modern Upgrades: The front unit has been recently renovated from the ground up, and all units feature updated kitchens, baths, and individual laundry facilities, minimizing immediate capital expenditures for a buyer.
Unique Amenity - Rooftop Patio: The top unit boasts a private rooftop patio, offering a desirable outdoor space for entertainment or relaxation, a significant draw in urban living.
Well-Maintained & Natural Light: Described as a 'well-maintained' property where all units benefit from great natural light throughout the day, enhancing living quality and tenant appeal.

Cons

Price Discrepancy: The current listing price of $2.99M is 12% above the estimated property value of $2.63M and has already seen a significant reduction from its original list price of $3.399M, suggesting potential overvaluation or market resistance.
Lack of Views: The property explicitly states 'view: None,' which can be a disadvantage in a competitive Los Angeles market where scenic views often command a premium.
Age of Building: Built in 1946, despite recent renovations to some units, the overall age of the triplex may imply older underlying infrastructure in parts not explicitly updated, potentially leading to higher long-term maintenance or upgrade costs.

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