1138 S Ardmore, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
1138 S Ardmore
Los Angeles, California 90006
Property Price
SUMMARY
Analysis of 1138 S Ardmore, Los Angeles, California 90006 is currently available with a list price of $1,050,000. 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 1904, this property is explicitly described as a 'versatile canvas for renovation' with 'advanced age & potential for deferred maintenance.' The exterior images show significant wear, neglect, and outdated features like window AC units, suggesting major system upgrades (plumbing, electrical, HVAC) are required. Without interior photos, it's highly probable that kitchens and bathrooms are severely outdated and require full replacement, aligning with the need for substantial repairs and rehabilitation to meet modern living standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income-Generating Asset
This triplex features three separate, individually metered units (1x 2bed/1bath, 2x 1bed/1bath) where tenants pay all utilities, ensuring robust cash flow and reduced landlord expenses.
- Prime & Strategic Location
Situated in the highly sought-after 90006 ZIP code, a densely populated, culturally vibrant hub in Koreatown, ideally positioned between Downtown LA and the Westside, making it a premier commuter hub.
- Significant Development Potential (LAR3 Zoning)
The generous LAR3-zoned lot provides a versatile canvas for investors or developers, allowing for renovation, long-term hold, or future density maximization.
CONSRISKS & DEFICIENCIES
- Advanced Age & Potential for Deferred Maintenance
Built in 1904, the property is likely to require significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and general modernization to meet contemporary standards.
- Implied Need for Extensive Renovation
The description suggests the property is a 'versatile canvas for renovation,' indicating it is not turn-key and will likely necessitate substantial upgrades to maximize rental income or resale value.
- Lack of Modern Amenities/Condition Details
The absence of information regarding recent renovations or modern amenities within the units suggests potential for outdated interiors, which could impact tenant attraction and rental rates without further investment.
About 1138 S Ardmore
Featuring 3 seperate houses in one lot. A Crafstman Bungalow with a 2bed 1 bath and two 1bed 1bath all seperate houses. All individually metered. Has three water meters, 3 gas meters and 3 electrical. Tenant pay all utilities. Positioned in the heart of the highly-coveted 90006 ZIP code, nicely situated in one of Los Angeles’ most densely populated and culturally vibrant hubs. This triplex sits on a generous LAR3-zoned lot, offering the savvy investor or developer a versatile canvas for renovation, long-term hold, or future density potential. Near the city's best culinary scene, including the famed Koreatown Galleria and Olympic Blvd’s iconic BBQ and nightlife. Perfectly nestled between Downtown LA (DTLA) and the Westside, making it a premier commuter hub for young professionals. Minutes from the Metro Purple and Red lines, offering car-free access to Hollywood, USC, and the financial district. Located near the Harvard Heights historic corridor, the area is renowned for its architectural integrity and "Old Hollywood" charm.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1904
- Lot Size
- 5,905 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
Los Angeles Elementary School
Grades K-5 • 0.2 mi
Mariposa-Nabi Primary Center
Grades K-2 • 0.3 mi
Hobart Boulevard Elementary School
Grades K-5 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,322 | 2,181.5 | 50% |
| Lot Size | 5,905 | 5,905 | 50% |
| Price | $1.05M | $857.5K | 67% |
| Price per sq ft | $452 | $440 | 50% |
| Built year | 1904 | 1911 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 182 | 17% |
Pricing History
Listed for Sale
Jan 6, 2026
$1,050,000
Initial Listing