1211 Elden Ave., Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This Four-Unit Residential Income Asset is listed at $1,500,000, following a strategic price improvement toward its $1,311,308 Fair Market Value. Situated in a High-Demand Rental Area near Mid-Wilshire, the property consists of two buildings with a Fair Condition Rating, presenting a significant Value-Add Opportunity through interior modernization of its 1923 infrastructure. The complex offers a versatile unit mix and Owner-Occupancy Flexibility, while proximity to Hoover Street Elementary and local transit supports consistent tenant demand. This is a high-potential acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation in a central Los Angeles hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1211 Elden Ave. Subject | $1,500,000* List Price | 0 | 0 | 3,347 | $392 | - |
A 1807 S Bonnie Brae Street Active | $1,150,000 List Price | 0 | 0 | 3,648 | $315 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this property is over a century old. While it appears to be maintained and functional, the interior, particularly the kitchen, is significantly dated with older cabinets, laminate countertops, and a mix of older and newer appliances. The windows are also older. There's no evidence of extensive recent renovations. The property is livable but requires substantial cosmetic updates and likely major system upgrades (plumbing, electrical, HVAC) due to its advanced age, aligning with the 'aged but maintained, functional but outdated' criteria for a 'Fair' rating.
Comprising four occupied units across two buildings on one lot, this property is explicitly categorized as 'Residential Income,' offering immediate and substantial cash flow for investors.
Situated in a 'high demand rental area' within Los Angeles, ensuring consistent tenant occupancy and strong potential for future rent appreciation.
The property boasts a prime location with 'short distance to restaurants, shopping, RTD access LA area,' enhancing its appeal to tenants seeking convenience and connectivity.
Built in 1923, the property is over a century old, which typically implies a higher likelihood of needing significant ongoing maintenance, system upgrades (e.g., plumbing, electrical), and potential for outdated infrastructure.
The property explicitly states 'NO Garages,' presenting a notable challenge for tenant parking in a dense urban environment like Los Angeles where parking is a premium and highly valued.
The property experienced a $100,000 price drop from its original list price of $1.6M to $1.5M, which could indicate a previous overvaluation or a need to attract more buyer interest in the current market.
Four units, comprising 2 buildings on one lot NO Garages. Front building a duplex: first floor 3 bedroom 2 bath, upstairs 2 bed 1 bath, second rear building duplex, downstairs 1 bedroom 1 bath, upstairs 1 bedroom 1 bath.. Utilities owners pay water tenants pay all other utilities. Property is located in a high demand rental area. All units are occupied, one by owners. Short distance to restaurants, shopping, RTD access LA area.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.3 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,347 | 1,900 | 80% |
| Lot Size | 6,751 | 5,100 | 60% |
| Price | $1.50M | $840.0K | 80% |
| Price per sq ft | $448 | $448 | 50% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 203 | 40% |
Nov 5, 2025
$1,500,000
$1,600,000
-6% Price Drop
Initial Listing
Oct 29, 2025
$1,600,000
Initial Listing
Nov 26, 2008
$540,000
Public Record