927 South Ardmore Avenue
927 South Ardmore Avenue
$4,980,000
9
58
40,000
40,000
$125
Description
Take a part of the ever growing Koreatown rental market! We are pleased to showcase this exceptional opportunity to become either an Investor or a Developer. Encompass of 2 lots totaling 13,534 square feet of prime Koreatown land. OPTION # 1 : For THE INVESTORS in search of an opportunity to expand their real estate portfolio, we offer the buyers the ability to immediately renovate, design, and lease the existing 8 units (1 studio, 5 of 1 bed & 1 bath units and 2 of 2 bed & 1 bath units) and Single...Take a part of the ever growing Koreatown rental market! We are pleased to showcase this exceptional opportunity to become either an Investor or a Developer. Encompass of 2 lots totaling 13,534 square feet of prime Koreatown land. OPTION # 1 : For THE INVESTORS in search of an opportunity to expand their real estate portfolio, we offer the buyers the ability to immediately renovate, design, and lease the existing 8 units (1 studio, 5 of 1 bed & 1 bath units and 2 of 2 bed & 1 bath units) and Single Family Home with a detached garage that can be converted to an ADU for extra income. PROFORMA MONTHLY RENTAL INCOME: Studio $1,700 1bed + 1 bath $2,200 2 bed + 1bath $2,800 SFR $7,500 + $2,500 for Possible ADU. In exchange, the property is forecasted to attain a 5.11% cap rate, $339,600 GRI and 14.66% GRM post-renovation. Delivered 100% Vacant. OPNTION # 2 : For THE DEVELOPERS, the Property will be delivered with RTI Permits to acquire a 54-unit, seven-story development project with RTI(Ready to Issue) plans. The proposed development spans an impressive 40,000 square feet and comprises 54 units, R4-1 Zoning, TOC Tier 3. Delivered 100 % Vacant.
- Listed by Jina Hee Chon • DRE #02062088 • Brokerage DRE #01408513 • NEOZIPS, Inc.
- Listed by Yun Kim • DRE #01408513 • Brokerage DRE #01408513 • NEOZIPS, Inc.
Property Details for 927 South Ardmore Avenue
Zoning
LAR4
Parcel Number5093023057
Total Units54.0
Living Area40000
Source Living AreaDeveloper
AreaMid-Wilshire (C17)
Vacancy Rate0
Lot Size Area13524
Location
LISTING UPDATED: 04/12/2024 09:42 PM
Property Details for 927 South Ardmore Avenue
Status | Active |
---|---|
MLS # | 24-367837 |
Days on Market | 48 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.31 AC / 13,524 SF |
County | Los Angeles County |
Location
Building Information for 927 South Ardmore Avenue
Stories7Residences-Year Built1922Building Size-Lot Size0.31 AC / 13,524 SF
Payment Calculator
$30,927 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 927 South Ardmore Avenue
Property History for 927 South Ardmore Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 927 South Ardmore Avenue
Taxable ValueLand$2,399,418Additions$1,384,820Total$3,784,238
Tax Record2022$44,990 ($3,749 / month)
Home Facts
Total Finished SqFt8,292 SqFtAbove Grade Finished SqFt8,292 SqFtStories2Lot Size6,760 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAR4CountyLOS ANGELESAPN5093-023-057
Schools near 927 South Ardmore Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Hobart Boulevard Elementary School PublicK to 5 | ||
Young Oak Kim Academy Public6 to 8 | ||
Berendo Middle School Public6 to 8 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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