947 North Ardmore Avenue

Los Angeles, CA 90029

$1,500,000
Price
7
Beds
5
Baths
3,314 Sq. Ft.
$453 / Sq. Ft.
3,314
Sq. Ft.
$453
per Sq. Ft.

Description

We are proud to present this fantastic 5 units income property with huge R3 zoning lot! Investors dream. A great location of Hollywood, walking distance to Santa Monica, shops and transportations, and nice neighborhood! The property consists of a 3 bedroom+2 bathroom home in front and a newer fourplex, each with 1 bed+ 1 bath. Units are well maintained with some upgrades. Updated electrical and mostly copper plumbing. There is on site laundry. There are 8 parking spaces in the rear of property.We are proud to present this fantastic 5 units income property with huge R3 zoning lot! Investors dream. A great location of Hollywood, walking distance to Santa Monica, shops and transportations, and nice neighborhood! The property consists of a 3 bedroom+2 bathroom home in front and a newer fourplex, each with 1 bed+ 1 bath. Units are well maintained with some upgrades. Updated electrical and mostly copper plumbing. There is on site laundry. There are 8 parking spaces in the rear of property.
  1. Listed by Doris Rihani • DRE #01350009 • Brokerage DRE #01022898 • Nelson Shelton Real Estate Era Powered

Property Details for 947 North Ardmore Avenue

Zoning
LAR3
Parcel Number
5537024012
Total Units
5.0
Living Area
3314
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
0
Lot Size Area
7604

Location

Listing Courtesy of Nelson Shelton Real Estate Era Powered, Doris Rihani, DRE #01350009
Add your commute
LISTING UPDATED: 04/11/2024 12:01 AM

Property Details for 947 North Ardmore Avenue

StatusActive
MLS #24-376255
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.17 AC / 7,604 SF
CountyLos Angeles County

Location

Listing Courtesy of Nelson Shelton Real Estate Era Powered, Doris Rihani, DRE #01350009
Add your commute

Building Information for 947 North Ardmore Avenue

Stories1Residences-Year Built1920Building Size-Lot Size0.17 AC / 7,604 SF

Payment Calculator

$9,488 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$1,302

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 947 North Ardmore Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: 1(3+2) 4(1+1
  • Security Features: Gated
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right With Exception
  • Service Level: Limited Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $100,164
  • Net Operating Income: $48,230.00
  • Gross Income: $100,164
  • Gross Rent Multiplier: $14.97
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 51934
Land / Lot Info
Land / Lot Info
  • Paved: Yes
  • Lot Acreage: 0.1746
  • Lot Size Square Feet: 7604
  • Lot Size Dimensions: 42x181
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 8
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: Bath, Kitchen
  • Fireplace Rooms: Bath, Kitchen
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: Hood Fan, Garbage Disposal, Range/Oven
Exterior Features
Exterior Features
  • Entry Location: Living Room
  • New Construction: No
  • Exterior Construction: Hard Coat
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-03-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,515.00
  • Unit Actual Rent: $2,515.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,560.00
  • Unit Actual Rent: $1,560.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,310.00
  • Unit Actual Rent: $1,310.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,162.00
  • Unit Actual Rent: $1,162.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $375,481.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $876,126.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,251,607.00

Property History for 947 North Ardmore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 947 North Ardmore Avenue

Taxable ValueLand$876,126Additions$377,281Total$1,253,407
Tax Record2023$15,622 ($1,302 / month)
Home Facts
Total Finished SqFt3,314 SqFtAbove Grade Finished SqFt3,314 SqFtStories1Lot Size7,602 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningLAR3CountyLOS ANGELESAPN5537-024-012

Schools near 947 North Ardmore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

947 North Ardmore Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on April 3, 2024 by Nelson Shelton Real Estate Era Powered, it's currently listed at $1,500,000. It has been on the market for a total of 29 days and was last sold on April 6, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Ramona Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 947 North Ardmore Avenue is a 7-bed, 5-bath, 3,314 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nelson Shelton Real Estate Era Powered, Doris Rihani, DRE #01350009

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.