1138 S Ardmore, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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1138 S Ardmore
Los Angeles, California 90006
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,322Sq Ft
5,905Lot Size
Property Price
LIST PRICE$875,000
EST. MARKET VALUE
$980,429
10% BelowMARKET VALUE
SUMMARY
This Triplex Residential Income Asset represents a Strong Value Opportunity, listed at $875,000—positioned well below the $980,429 Fair Market Value by 10%. This valuation gap provides $105,429 in Instant Equity. With a Fair Condition Rating, the property features critical infrastructure updates including copper plumbing and electrical, offering a stable foundation for value-add improvements. Featuring a private patio and versatile unit mix, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a centrally located Los Angeles income property.
Estimated Market Value
$980,429+$105,429 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1138 S Ardmore Subject 0 bd · 0 ba · 2,322 sqft · $422 | $875,000* List Price | 0 | 0 | 2,322 | $422 | - |
A 1757 S New England Active 0 bd · 0 ba · 2,147 sqft · $489 · 1.0 mi | $1,050,000 List Price | 0 | 0 | 2,147 | $489 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the property has undergone significant system updates (electrical, copper plumbing, gas line) and a roof replacement about 10 years ago, the 1904 structure remains dated. The visible bathroom features older fixtures and a budget-style retrofit, and the exterior shows signs of age, placing it in the 'Fair' category as it is functional but requires cosmetic updates and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Major System Upgrades
The property features significant infrastructure improvements, including updated electrical, copper plumbing, and gas lines, along with a roof replaced approximately 10 years ago, reducing immediate capital expenditure.
- Multi-Unit Versatility
With a three-unit configuration consisting of a 2-bedroom front house and two 1-bedroom rear units, this triplex offers flexible options for both high-yield investors and owner-users seeking rental income.
- Prime Central Location
Situated in the heart of Los Angeles near Koreatown and Downtown, the property provides excellent accessibility to diverse dining, shopping, and major transportation thoroughfares.
CONSRISKS & DEFICIENCIES
- Historic Property Age
Originally built in 1904, the century-old structure may present inherent maintenance challenges and architectural limitations common to properties of this vintage.
- Underperforming Local Schools
The majority of assigned public schools in the immediate area carry low performance ratings, which may limit the property's appeal to families prioritizing education quality.
About 1138 S Ardmore
Excellent opportunity to own a 3-unit property in the heart of Los Angeles! this property offers a versatile unit mix along with several major improvements already completed. The front unit features 2 bedrooms, 1 bathroom, plus a small den, a long driveway providing ample off-street parking, and a 1-car garage. The second and third units each feature 1 bedroom and 1 bathroom, with both rear units sharing access to the backyard. Several major systems have been updated, including electrical, copper plumbing, and the gas line, while the roof was replaced approximately 10 years ago. With three units, off-street parking, garage space, and significant infrastructure improvements already completed, this property presents a great opportunity for an investor or owner-user looking to own a multi-unit property in a centrally located Los Angeles neighborhood. Conveniently situated near shopping, dining, transportation, and major thoroughfares, with easy access to Koreatown, Downtown Los Angeles, and surrounding areas. Lots of potential don’t miss this opportunity!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1904
- Lot Size
- 5,905 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Los Angeles Elementary School
Grades K-5 • 0.2 mi
3/10
Mariposa-Nabi Primary Center
Grades K-2 • 0.3 mi
0/10
Hobart Boulevard Elementary School
Grades K-5 • 0.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,322 | 2,090.331 |
| Lot Size | 5,905 | 5,852.908 |
| Price | $875.0K | $830.9K |
| Price per sq ft | $377 | $394 |
| Built year | 1904 | 1928 |
| HOA | $0 | $0 |
| Days on market | 53 | 87 |
Pricing History
Listed for Sale
Sep 17, 2026
$875,000
Initial Listing