1501 S Ardmore, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
1501 S Ardmore
Los Angeles, California 90006
Property Price
SUMMARY
Analysis of 1501 S Ardmore, Los Angeles, California 90006 is currently available with a list price of $1,469,000. 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 1922, this property is over 100 years old. While the exterior appears maintained, there are no interior images provided, which strongly suggests the kitchens, bathrooms, and other interior finishes are significantly outdated and likely require substantial rehabilitation. The MLS description itself notes 'aging infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditures.' Aerial photos also show an aged roof. Without evidence of major recent renovations, the property's core systems and interior components are likely in poor condition, necessitating extensive updates.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Potential
Rents are explicitly stated to be below market due to long-term ownership, offering a prime opportunity for a new owner to increase income and add substantial value through rent adjustments.
- Prime & Central Los Angeles Location
Strategically located just minutes from USC, Koreatown, Downtown LA, and major freeways (10 & 110), ensuring high tenant demand and strong appreciation potential in a desirable urban core.
- Well-Maintained & Feature-Rich Property
Described as 'impeccably maintained' with desirable amenities including a gated fourplex, large 7,050 SQFT corner lot, detached 4-car garage, spacious fenced backyard, and in-unit laundry hookups for each unit.
CONSRISKS & DEFICIENCIES
- Current Below-Market Rents
While offering upside, the current rental income may not reflect the property's full market potential, requiring active management and potential tenant transitions to achieve optimal cash flow.
- Age of Property (1922 Build)
Despite being well-maintained, the 1922 construction year suggests potential for aging infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditures in the future to maintain or upgrade.
- Tenant Occupancy & Access Limitations
The property is tenant-occupied with showing restrictions ('by appointment only,' 'do not disturb tenants'), which can complicate the inspection process and limit a buyer's ability to fully assess all units prior to purchase.
About 1501 S Ardmore
PRIME FOURPLEX INVESTMENT IN THE HEART OF LOS ANGELES Welcome to 1501 S Ardmore Ave, an impeccably maintained 4,312 SQFT gated fourplex ideally located on a large 7,050 SQFT corner lot between Pico and Venice, near Normandie Ave. This rare offering combines classic Los Angeles charm with strong income potential and exceptional upside opportunity. The property consists of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, each with a formal dining room, in-unit laundry hookups, and dedicated garage parking. Additional features include a detached 4-car garage, spacious fenced backyard, and a two-story layout providing privacy and comfort for every occupant. All units are tenant-occupied on month-to-month leases, providing steady cash flow and flexibility to adjust rents over time. Long-term ownership and stable tenants have kept rents below market, creating a prime opportunity to increase income and add value. Centrally located just minutes from USC, Koreatown, Downtown LA, the 10 & 110 freeways, and a variety of restaurants, shops, and schools — this property offers unmatched convenience and investment security. Whether you’re an experienced investor seeking reliable income or a buyer planning to live in one unit and rent the rest, this property presents a rare and promising opportunity in one of LA’s most desirable neighborhoods. Please do not disturb tenants. Shown by appointment only.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1922
- Lot Size
- 7,052 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 • 0.3 mi
Hobart Boulevard Elementary School
Grades K-5 • 0.5 mi
Mariposa-Nabi Primary Center
Grades K-2 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,312 | 3,013 | 67% |
| Lot Size | 7,052 | 6,328.5 | 83% |
| Price | $1.47M | $857.5K | 67% |
| Price per sq ft | $341 | $400 | 33% |
| Built year | 1922 | 1919 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 182 | 17% |
Pricing History
Listed for Sale
Feb 2, 2026
$1,469,000
Initial Listing
Sold
Dec 31, 2012
$570,000
Public Record