
Los Angeles, California 90031
This Dual-Unit Residential Asset is a Strong Value Opportunity, listed at $1,599,900—positioned slightly above the $1,592,533 Fair Market Value. Featuring a Condition Rating of 2, this turnkey property offers high-end renovations including quartz waterfall islands and separately metered utilities. The detached ADU and primary home configuration provide exceptional flexibility for income generation or multigenerational living. Located in the vibrant Frogtown neighborhood near the LA River, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2310 Elmgrove St Subject | $1,599,900* List Price | 6 | 3 | 2,132 | $747 | - |
A 2306 Elmgrove Sold | $1,259,000 | 4 | 3 | 1,595 | $789 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete high-end renovation within the last year, featuring brand-new kitchens with quartz waterfall islands, fully remodeled bathrooms with modern fixtures, new flooring, and updated systems including new HVAC units and separately metered electrical/gas services.
The property features two detached homes (3BR/1BA and 3BR/2BA) delivered vacant, offering exceptional flexibility for multigenerational living or immediate market-rate rental income without tenant relocation hurdles.
Both residences have been comprehensively reimagined with high-end finishes, including new quartz countertops, updated kitchens, remodeled bathrooms, and new flooring, minimizing immediate capital expenditure for the buyer.
Situated in the highly desirable Elysian Valley, the property boasts excellent proximity to the LA River Bike Path and trendy local amenities, placing it in one of Los Angeles' most rapidly appreciating neighborhoods.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2132, other record living area = 832. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
Squeezing two 3-bedroom homes onto a 5,102 sqft lot results in limited private outdoor space and may create parking challenges for a property capable of housing a large number of occupants.
With a list price near $1.6M, the property is positioned at the top of the local market, requiring high rental yields or a specific owner-user profile to justify the investment relative to neighborhood comps.
BOTH UNITS WILL BE DELIVERED VACANT! Welcome to this incredible opportunity in the heart of Frogtown (Elysian Valley), one of Los Angeles' most exciting and rapidly growing neighborhoods. Featuring two detached homes on one lot, this beautifully reimagined property is ideal for multigenerational living, owner-occupants, or investors looking to generate rental income. Everything has been thoughtfully updated and refreshed, including new flooring, new quartz countertops, updated kitchens, remodeled bathrooms, modern fixtures, and more. The front home offers 3 bedrooms and 1 bathroom, while the detached ADU features 3 bedrooms and 2 bathrooms with a spacious open-concept design. Both homes offer private laundry areas, abundant natural light, and separately metered gas and electrical services, making it easy to live in one unit while renting the other. The newly redesigned common outdoor area is perfect for summer BBQs, entertaining guests, or simply enjoying Southern California living. Located just moments from the LA River Bike Path, popular dining spots, shopping, and major freeways, this move-in ready property offers the perfect blend of lifestyle, flexibility, and income potential. Don't miss your chance to own this turnkey property in one of LA's hottest neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 95% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 2,132 | 1,416.5 | 89% |
| Lot Size | 5,102 | 4,940.5 | 63% |
| Price | $1.60M | $962.0K | 87% |
| Price per sq ft | $750 | $726 | 55% |
| Built year | 1925 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 116 | 3% |
Jun 2, 2026
$1,599,900
Initial Listing
Apr 19, 2023
$205,000
Public Record