955 S Ardmore Avenue, Los Angeles, California 90006, Los Angeles, 90006 - 3 bed, 2 bath
ACTIVE$1,248,000
955 S Ardmore Avenue, Los Angeles, California 90006
3Beds
2Baths
1,199Sqft
5,907Lot
Price Vs. Estimate
The estimated value ($1,241,997.14) is $6,002.86 (0%) lower than the list price ($1,248,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Development Potential: The R4 zoning designation offers significant development opportunities, allowing for the construction of 4 units, or potentially 29 to 58 unit condos or apartment buildings, making it highly attractive to investors and developers.
Top Cons:
Extensive Renovation Required: The property explicitly 'Needs TLC' (Tender Loving Care), indicating that significant renovation, repairs, and modernization will be required, incurring substantial additional costs for the buyer.
Compared to the nearby listings
Price:$1.25M vs avg $837.5K (+$410,500)90%
Size:1,199 sqft vs avg 1,560.5 sqft10%
Price/sqft:$1.0K vs avg $51890%
More Insights
Built in 1913 (112 years old).
Condition: Built in 1913, this property is explicitly described as 'Needs TLC.' The images confirm this, showing a very dated kitchen with worn cabinets and countertops, and an older refrigerator, with no other major appliances visible. The bathroom is extremely basic and un-updated. Interior finishes, while freshly painted, feature worn flooring and outdated light fixtures. The presence of a window AC unit suggests a lack of central HVAC. The large garage is in a dilapidated state, requiring substantial rehabilitation. Overall, the property requires significant repairs and rehabilitation to bring it to modern living standards, aligning with a 'Poor' condition.
Year Built
1913
Close
-
List price
$1.25M
Original List price
$1.3M
Price/Sqft
$1,041
HOA
-
Days on market
-
Sold On
-
MLS number
25520367
Home ConditionPoor
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Single house with existing large 800sf covered garage for potential ADU. R4 zoning for potential to many options such as 4 Unit, 29 or 58 unit condos or apartment building. Neighboring property at 953 S Ardmore can be purchased together. Lots of potential. Needs TLC. Come see it before it's gone.
Price History
Date
Event
Price
02/03/25
Sold
$1,060,000
10/02/17
Sold
$1,036,000
Condition Rating
Poor
Built in 1913, this property is explicitly described as 'Needs TLC.' The images confirm this, showing a very dated kitchen with worn cabinets and countertops, and an older refrigerator, with no other major appliances visible. The bathroom is extremely basic and un-updated. Interior finishes, while freshly painted, feature worn flooring and outdated light fixtures. The presence of a window AC unit suggests a lack of central HVAC. The large garage is in a dilapidated state, requiring substantial rehabilitation. Overall, the property requires significant repairs and rehabilitation to bring it to modern living standards, aligning with a 'Poor' condition.
Pros & Cons
Pros
High Development Potential: The R4 zoning designation offers significant development opportunities, allowing for the construction of 4 units, or potentially 29 to 58 unit condos or apartment buildings, making it highly attractive to investors and developers.
ADU Conversion Opportunity: An existing large 800 sqft covered garage presents a strong potential for conversion into an Accessory Dwelling Unit (ADU), which can provide additional rental income or expanded living space.
Prime Urban Location: Located in Los Angeles, specifically the desirable Mid-Wilshire area, offering excellent access to city amenities, employment centers, and a strong rental market.
City Lights View: The property features a 'City Lights' view, which enhances its aesthetic appeal and can contribute to its overall market value.
Adjacent Property Acquisition Potential: The option to purchase the neighboring property at 953 S Ardmore together provides a unique opportunity to assemble a larger parcel, further maximizing development potential and scale.
Cons
Extensive Renovation Required: The property explicitly 'Needs TLC' (Tender Loving Care), indicating that significant renovation, repairs, and modernization will be required, incurring substantial additional costs for the buyer.
Advanced Age of Structure: Built in 1913, the existing single-family home is over a century old, suggesting potential for outdated infrastructure, systems (plumbing, electrical), and higher ongoing maintenance requirements.
Overpriced Relative to Market Estimation: The current list price is approximately 7% higher than the property's estimated value, which could impact its market competitiveness and deter potential buyers or investors seeking immediate value.