1041 Elden Ave., Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$1,975,000
1041 Elden Ave., Los Angeles, California 90006
0Bed
0Bath
5,991Sqft
8,700Lot
Year Built
1915
Close
-
List price
$1.98M
Original List price
$2M
Price/Sqft
$330
HOA
-
Days on market
-
Sold On
-
MLS number
OC25218629
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.98M(67th), sqft - 5991(67th), beds - undefined(50th), baths - undefined(50th).
Income-generating triplex in prime Koreatown near USC & Downtown LA provides substantial income and/or offers a redevelopment opportunity. 8700 sq ft lot with R4 zoning. This gated triplex offers 24 total bedrooms — the front home features 21 bedrooms and the two rear units above a 3 car garage provide an additional 3 bedrooms (total 24 bedrooms). The property includes 10 parking spaces (including the 3-car garage), on-site laundry, and low-maintenance appeals, making it ideal for both investors and owner occupants. Currently 6 rooms vacant, offering immediate rental income potential. Perfect for those looking to live in one unit and rent out the others, or developers seeking a high demand multifamily or apartment project in a prime Koreatown location. Drive by only — do not disturb tenants. Showings by appointment.
Nearby schools
3/10
Leo Politi Elementary School
Public,•K-5•0.1mi
8/10
Hoover Street Elementary School
Public,•K-5•0.4mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.5mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.6mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.7mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.7mi
2/10
Tenth Street Elementary School
Public,•K-5•0.9mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.0mi
3/10
Los Angeles Elementary School
Public,•K-5•1.0mi
4/10
Norwood Street Elementary School
Public,•K-5•1.2mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.5mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.7mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.9mi
3/10
Berendo Middle School
Public,•6-8•0.3mi
3/10
John H. Liechty Middle School
Public,•6-8•1.1mi
5/10
Pio Pico Middle School
Public,•6-8•1.8mi
4/10
John Adams Middle School
Public,•6-8•2.2mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.3mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.7mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.7mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.7mi
4/10
West Adams Preparatory High School
Public,•9-12•0.8mi
3/10
Belmont Senior High School
Public,•9-12•1.6mi
5/10
Santee Education Complex
Public,•9-12•2.1mi
5/10
Foshay Learning Center
Public,•K-12•2.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.6mi
Price History
Date
Event
Price
12/06/25
Price Change
$1,975,000-1.0%
09/19/25
Listing
$1,995,000
Condition Rating
Poor
Built in 1915, this property is over a century old. The kitchen features very dated white appliances, worn dark wood cabinets, and basic countertops, suggesting renovations (if any) occurred 30-50+ years ago. Interior images show utilitarian fluorescent lighting and textured walls, while the exterior appears aged. Although currently income-generating, the property's age, visible wear, and lack of modern updates in key areas indicate that major systems and components likely require substantial repairs, rehabilitation, and extensive modernization to meet current standards and comfort levels. The description also highlights a 'redevelopment opportunity,' further suggesting the existing structure's condition is not its primary value.
Pros & Cons
Pros
Prime Location & Development Potential: Located in 'prime Koreatown near USC & Downtown LA' with R4 zoning on an 8700 sq ft lot, offering significant redevelopment opportunities for multifamily or apartment projects.
High Income-Generating Capacity: An income-generating triplex with an exceptional 24 total bedrooms and 6 currently vacant rooms, providing immediate and substantial rental income potential.
Versatile Investment Profile: Appeals to a broad range of buyers, including investors, owner-occupants (live-in one, rent others), and developers seeking high-demand projects.
Ample Parking & On-Site Amenities: Features 10 parking spaces (including a 3-car garage) and on-site laundry, enhancing tenant appeal and operational convenience for landlords.
Strategic Location for Renters: Proximity to USC and Downtown LA ensures a consistent and high demand for rental units, particularly from students or urban professionals.
Cons
Advanced Age & Potential for Deferred Maintenance: Built in 1915, the property is over a century old, likely requiring significant capital expenditure for system upgrades, structural repairs, and modernization to meet current standards.
Restricted Access for Due Diligence: The 'Drive by only — do not disturb tenants' instruction severely limits prospective buyers' ability to conduct thorough interior inspections, assess current tenant conditions, or accurately estimate renovation costs.
Unconventional Unit Layout & Management Complexity: The '21 bedrooms' in the front unit suggests a non-traditional, potentially boarding house-style configuration, which could entail unique management challenges, higher turnover, and specific regulatory compliance requirements.