2326 Elmgrove, Los Angeles, California 90031, Los Angeles, 90031 - 7 bed, 4 bath
2326 Elmgrove
Los Angeles, California 90031
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2326 Elmgrove Subject | $1,199,999* List Price | 7 | 4 | 1,873 | $521 | - |
A 2230 Shoredale Avenue Sold | $935,000 | 5 | 3 | 2,016 | $464 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1928, shows a mix of renovation levels across its units. While some areas feature recent updates like laminate flooring, mini-split AC units, and a modern white kitchen/bathroom in one unit, another unit's kitchen and bathroom appear to have been renovated 15-25 years ago, with dated patterned tile, light wood cabinets, and a pre-fab shower. The overall age of the property suggests potential for outdated major systems (plumbing, electrical) and deferred maintenance, as noted in the property analysis. It is maintained and livable, but requires minor updates or repairs to bring all units to a consistent, modern standard.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Income-Generating Opportunity
The property features three detached homes on one lot, providing a rare and significant income-generating asset in a desirable Los Angeles neighborhood.
- Prime Location & Lifestyle
Situated in the heart of Frogtown (Elysian Valley), steps from the LA River bike path, offering both an attractive lifestyle and long-term appreciation potential due to ongoing revitalization efforts.
- Separately Metered Units
Each unit is separately metered for gas and electricity, a crucial advantage for landlords as it simplifies utility management and reduces owner operating costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 6.
- Age of Property
Built in 1928, the property may require significant capital investment for deferred maintenance, system upgrades (plumbing, electrical), and modernization to meet contemporary standards and tenant expectations.
- Increased Management Complexity
Managing three separate units inherently involves greater demands for maintenance, tenant relations, and potential vacancy management compared to a single-family residence.
About 2326 Elmgrove
Three detached homes on one lot in the heart of Frogtown (Elysian Valley) make this a rare and exceptional income-generating opportunity. Situated just steps from the scenic LA River bike path and amid the ongoing LA River revitalization, this property offers both lifestyle and long-term upside. The two front units each feature 2 bedrooms and 1 bathroom, while the rear unit offers a spacious 3 bedrooms and 2 bathrooms. Each unit is separately metered for gas and electricity. Located in a highly desirable neighborhood with convenient freeway access and nearby transportation, this unique triplex is an opportunity you won’t want to miss.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 5,099 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 97% |
| Baths | 4.0 | 2.0 | 88% |
| Square foot | 1,873 | 1,402.5 | 76% |
| Lot Size | 5,099 | 4,950.5 | 53% |
| Price | $1.20M | $944.5K | 74% |
| Price per sq ft | $641 | $724 | 41% |
| Built year | 1928 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 174 | 6% |
Pricing History
Listed for Sale
Feb 9, 2026
$1,199,999
Initial Listing