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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.
| DAYS ON MARKET | 42 | LAST UPDATED | 2/2/2026 |
|---|---|---|---|
| YEAR BUILT | 1922 | COMMUNITY | C16 - Mid Los Angeles |
| GARAGE SPACES | 4.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| 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 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/14/26 10:20 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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