1138 S Ardmore, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$1,050,000$2,322/sqft
1138 S Ardmore, Los Angeles, California 90006
0Bed
0Bath
2,322Sqft
5,905Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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.
Top Cons:
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.
Compared to the nearby listings
Price:$1.05M vs avg $840.0K (+$210,000)60%
Size:2,322 sqft vs avg 2,322 sqft50%
Price/sqft:$452 vs avg $45250%
More Insights
Built in 1904 (122 years old).
Condition: 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 The exterior images show significant wear, neglect, and outdated features like window AC units, suggesting major system upgrades (plumbing, electrical, HVAC) are required. Without interior photos, it's highly probable that kitchens and bathrooms are severely outdated and require full replacement, aligning with the need for substantial repairs and rehabilitation to meet modern living standards.
Year Built
1904
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
RS26003223
Home ConditionPoor
Features
View-
About this home
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.
A
Adrian Cafuentes
Listing Agent
Nearby schools
3/10
Los Angeles Elementary School
Public,•K-5•0.2mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.3mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.3mi
3/10
Wilton Place Elementary School
Public,•K-5•1.0mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.2mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.2mi
3/10
Berendo Middle School
Public,•6-8•0.5mi
5/10
Pio Pico Middle School
Public,•6-8•1.0mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.5mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.8mi
4/10
West Adams Preparatory High School
Public,•9-12•1.0mi
4/10
Los Angeles Senior High School
Public,•9-12•1.9mi
Condition Rating
Poor
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.
Pros & Cons
Pros
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.
Exceptional Public Transit Accessibility: Located minutes from Metro Purple and Red lines, offering convenient, car-free access to major employment and entertainment centers like Hollywood, USC, and the financial district.
Historic Charm & Architectural Appeal: Features a Craftsman Bungalow within the Harvard Heights historic corridor, offering unique architectural character and potential for aesthetic value.
Cons
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.