1115 S Elm Drive Ph8, Los Angeles, California 90035, Los Angeles, 90035 - 1 bed, 2 bath
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1115 S Elm Drive Ph8
Los Angeles, California 90035
ACTIVE
CONDITION: FAIR
1Beds
2Baths
768Sq Ft
39,965Lot Size
Property Price
LIST PRICE$499,999
EST. MARKET VALUE
$480,896
3% AboveMARKET VALUE
SUMMARY
This penthouse residence is a High-Potential Investment Opportunity, listed at $499,999—positioned above the $480,897 Fair Market Value. While the price reflects a premium, the property offers significant lifestyle value through its Penthouse Status, City Lights Views, and access to a Swimming Pool and Fitness Center. With a Condition Rating of 4, the unit is functional but presents a clear path for cosmetic value-add through modernization. Located within the Beverly Hills High School district, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a prime Los Angeles location.
Estimated Market Value
$480,896
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1115 S Elm Drive Ph8 Subject 1 bd · 2 ba · 768 sqft · $626 | $499,999* List Price | 1 | 2 | 768 | $626 | - |
A 1115 S Elm Drive 207 Sold 1 bd · 2 ba · 811 sqft · $644 · 0.0 mi | $522,000 | 1 | 2 | 811 | $644 | 0.0 mi |
B 1515 S Beverly Drive 308 Sold 1 bd · 1 ba · 681 sqft · $626 · 0.3 mi | $426,000 | 1 | 1 | 681 | $626 | 0.3 mi |
C 1515 S Beverly Drive 306 Sold 1 bd · 1 ba · 681 sqft · $711 · 0.3 mi | $484,000 | 1 | 1 | 681 | $711 | 0.3 mi |
D 1115 S Elm Drive 415 Active 1 bd · 2 ba · 768 sqft · $650 · 0.0 mi | $499,000 List Price | 1 | 2 | 768 | $650 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1972, this penthouse is clean and functional but shows significant dating. The kitchen retains older white tile countertops, fluorescent box lighting, and basic cabinetry that appear to be over 20 years old. While the unit is move-in ready, the finishes and fixtures throughout are dated and would require cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Beverly Hills High School (9/10).
- Penthouse Status & Views
As a top-floor penthouse unit, this residence offers enhanced privacy and desirable views of city lights and the neighborhood, providing a premium feel at a competitive price point.
- Highly-Rated School District
The property is situated in a prime location with access to top-tier educational institutions, including Beverly Hills High School (9/10) and Beverly Vista Elementary (8/10).
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 768, other record living area = 1061. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
- Vintage Building Infrastructure
Built in 1972, the building may require more frequent maintenance or future capital improvements compared to modern luxury developments in the surrounding area.
- Limited Living Area
With only 768 square feet of living space, the compact one-bedroom layout may feel restrictive for buyers seeking more expansive urban living or home office space.
About 1115 S Elm Drive Ph8
Enjoy elevated living in this penthouse residence offering 1 bedroom, 2 bathrooms, and approximately 768 square feet of living space. Located in a well-appointed community, this home provides a comfortable setting with access to amenities designed to enhance everyday living. Residents can take advantage of the on-site fitness center, refreshing swimming pool, and recreation room, offering convenient options for exercise, relaxation, and social gatherings. Whether you are looking for a place to call home or an investment opportunity, this penthouse presents a chance to enjoy condo living with desirable community amenities in a sought-after Los Angeles location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- 39,965 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $480.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Canfield Avenue Elementary School
Grades K-5 • 0.6 mi
7/10
Shenandoah Street Elementary School
Grades K-5 • 1.4 mi
4/10
Crescent Heights Boulevard Elementary School
Grades K-5 • 1.4 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 768 | 1,252.996 |
| Lot Size | 39,965 | 26,029.603 |
| Price | $500.0K | $778.5K |
| Price per sq ft | $651 | $629 |
| Built year | 1972 | 1981 |
| HOA | $480.0 | $676 |
| Days on market | 19 | 74 |
Pricing History
Listed for Sale
Oct 21, 2026
$499,999
Initial Listing
Sold
Sep 11, 2002
$329,000
Public Record