1500 Allison, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath
1500 Allison
Los Angeles, California 90026
Property Price
SUMMARY
Analysis of 1500 Allison, Los Angeles, California 90026 is currently available with a list price of $1,398,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1900, this triplex shows a mix of updates across its units. While one kitchen features more modern white shaker cabinets, newer tile, and a mini-split AC, another unit's kitchen has older dark cabinets, laminate countertops, and dated light fixtures. Bathrooms also show older tile work. The property is aged but appears maintained, with functional components that are often outdated. Given its age and the inconsistent renovation levels, it requires minor to moderate updates and potential major system overhauls to meet current standards, aligning with a 'Fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Triplex
The property is a triplex, offering immediate income potential and flexibility for owner-occupancy with rental units, a significant draw for investors or savvy homeowners.
- Prime Los Angeles Location
Situated in the highly desirable Silver Lake - Echo Park area (90026), known for its vibrant community, amenities, and strong real estate appreciation.
- Motivated Seller & Price Adjustment
The explicit 'SELLER MOTIVATED' note coupled with a recent price reduction indicates a strong opportunity for buyers to negotiate a favorable deal.
CONSRISKS & DEFICIENCIES
- Advanced Age & Potential for Major System Upgrades
Constructed in 1900, the property is very old, suggesting a high likelihood of needing substantial investment in updating critical systems (plumbing, electrical, HVAC, roof, foundation) to ensure safety and functionality.
- Likely Requires Extensive Renovation
The 'seller motivated' status and age imply the property is likely being sold 'as-is' and will require significant cosmetic and structural renovations to maximize rental income and market value, incurring substantial costs and effort for the buyer.
- Limited Lot Size
With a lot size of only 2722 sqft for a triplex, outdoor space may be minimal, potentially limiting tenant amenities or future expansion opportunities, which could be a drawback in the Los Angeles market.
About 1500 Allison
SELLER MOTIVATED !!!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1900
- Lot Size
- 2,722 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
Betty Plasencia Elementary School
Grades K-6 • 0.6 mi
Rosemont Avenue Elementary School
Grades K-5 • 0.8 mi
Mayberry Street Elementary School
Grades K-6 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,600 | 1,950 | 23% |
| Lot Size | 2,722 | 4,682 | 23% |
| Price | $1.40M | $1.20M | 77% |
| Price per sq ft | $874 | $559 | 85% |
| Built year | 1900 | 1928 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 133 | 197 | 31% |
Pricing History
Listed for Sale
Dec 15, 2025
$1,398,000
$1,428,888
-2% Price Drop
Initial Listing
Price Change
Oct 24, 2025
$1,428,888
Initial Listing
Sold
Aug 27, 2021
$645,000
Public Record
Sold
Nov 6, 2015
$468,000
Public Record
Sold
Sep 15, 2000
$102,000
Public Record