116 Ellita Place, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 2 bath
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Los Angeles, California 90042
Analysis of 116 Ellita Place, Los Angeles, California 90042 is currently available with a list price of $699,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1907 and described as being in 'average condition,' the property is dated with no evidence of recent major renovations. Visible window AC units suggest a lack of modern central HVAC, and the 100+ year age indicates the property likely requires cosmetic updates and system inspections, though it remains functional and tenant-occupied.
Situated just one block from the Metro Gold Line and steps from Figueroa Street's vibrant dining and nightlife, this property offers exceptional transit access and high walkability in one of LA's most sought-after neighborhoods.
Featuring two separate Craftsman-style homes on a single lot, this duplex provides a versatile opportunity for consistent rental income, multi-generational living, or a live-in-one-rent-one strategy.
Built in 1907, these homes offer classic Craftsman character and high ceilings, providing a unique aesthetic and vintage charm that remains highly attractive to modern tenants and buyers.
The property is limited to street parking only, which is a significant drawback in a high-density area and may limit the pool of potential residents who prioritize vehicle security and convenience.
Both units are currently tenant-occupied and in average condition, which may complicate immediate owner-occupancy plans or the ability to perform comprehensive interior renovations.
WELCOME TO HIGHLAND PARK — AN INCREDIBLE OPPORTUNITY TO OWN TWO HOMES ON ONE LOT IN ONE OF LOS ANGELES’ HOTTEST NEIGHBORHOODS. THIS UNIQUE PROPERTY FEATURES TWO CHARMING CRAFTSMAN-STYLE HOMES, EACH WITH 2 BEDROOMS AND 1 BATHROOM, TOTALING 1,386 SQ FT (693 SQ FT EACH). BOTH HOMES FEATURE HIGH CEILINGS AND CLASSIC CHARACTER THROUGHOUT UNITS 116 - 120. IDEALLY LOCATED JUST OFF FIGUEROA STREET, YOU’LL BE IN THE HEART OF HIGHLAND PARK’S VIBRANT DINING, SHOPPING, CAFÉ, AND NIGHTLIFE SCENE. CONVENIENTLY SITUATED JUST ONE BLOCK FROM THE METRO GOLD LINE, THIS LOCATION OFFERS EASY ACCESS TO DOWNTOWN LOS ANGELES AND SURROUNDING NEIGHBORHOODS. BOTH UNITS ARE CURRENTLY TENANT-OCCUPIED, MAKING THIS AN EXCELLENT INCOME-PRODUCING PROPERTY WITH STRONG RENTAL DEMAND. LIVE IN ONE AND RENT OUT THE OTHER, OR CONTINUE OPERATING BOTH AS INVESTMENT RENTALS. HIGHLAND PARK CONTINUES TO EXPERIENCE SIGNIFICANT GROWTH AND REVITALIZATION, DRIVEN BY ITS PRIME LOCATION NEAR DOWNTOWN LA AND NEIGHBORING COMMUNITIES. RECOGNIZED BY REDFIN AS ONE OF THE TOP UP-AND-COMING NEIGHBORHOODS IN THE U.S., THIS IS AN OUTSTANDING OPPORTUNITY FOR BOTH INVESTORS AND OWNER-USERS ALIKE. PROPERTIES ARE IN AVERAGE CONDITION. STREET PARKING ONLY.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,386 | 1,773.5 | 20% |
| Lot Size | 3,010 | 4,800.5 | 10% |
| Price | $699.0K | $940.0K | 20% |
| Price per sq ft | $504 | $552 | 30% |
| Built year | 1907 | 1918 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 143 | 10% |
May 20, 2026
$699,000
Initial Listing
Oct 17, 2023
$711,000
Public Record
Jul 30, 2001
$155,000
Public Record