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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 Type(s):
Residential Income
| Last Updated | 2/2/2026 | Year Built | 1922 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | C16 - Mid Los Angeles |
| GARAGE | Yes |
| HEAT | Natural Gas |
| LOT | 7052 sq ft |
| LOT DIMENSIONS | 7052 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Neighborhood |
| WATER | Public |
Location
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Listed with New Star Realty & Investment
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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