951 South Ardmore Avenue

Los Angeles, CA 90006

$1,825,000
Price
8
Beds
4
Baths
3,888 Sq. Ft.
$469 / Sq. Ft.
3,888
Sq. Ft.
$469
per Sq. Ft.

Description

Welcome to this exceptional opportunity to invest in a fully vacant 4plex in the heart of Koreatown/Mid-Wilshire! This newly remodeled 4 unit is ideal for investors and owner-users alike. Each unit boasts 2 bedrooms, 1 bathroom, a fully remodeled kitchen, A/C split unit, ample storage, its own gas and electric meter & luxury vinyl flooring throughout. Be greeted by an abundance of natural sunlight peering through the many dual-paned windows - keeping noise & heat out and the cool in! Rear units have...Welcome to this exceptional opportunity to invest in a fully vacant 4plex in the heart of Koreatown/Mid-Wilshire! This newly remodeled 4 unit is ideal for investors and owner-users alike. Each unit boasts 2 bedrooms, 1 bathroom, a fully remodeled kitchen, A/C split unit, ample storage, its own gas and electric meter & luxury vinyl flooring throughout. Be greeted by an abundance of natural sunlight peering through the many dual-paned windows - keeping noise & heat out and the cool in! Rear units have either a patio or expansive balcony facing the parking with 6 covered spots and the outdoor space with persimmon trees! This is a rare opportunity to purchase one of the most valued income properties in LA having the entire building delivered VACANT! The optional RTI plans available for an ADU duplex behind the building give the possibility for additional rental income. Located just minutes away from DTLA, Metroline, 10/110 freeways, and all the wonderful things Koreatown has to offer.

Listing Agents

  1. Yael Davoudpour

    Yael Davoudpour

    Listing Agent

    Compass

    DRE #02209569

  2. Rodney Wittbrodt

    Rodney Wittbrodt

    Alternative Listing Agent

    Compass

    DRE #02095111

Property Details for 951 South Ardmore Avenue

Water Front
None
Zoning
LAR4
Style
Traditional
Cross Streets
W. Olympic Blvd. and San Marino St.
Parcel Number
5080031001
Total Units
4.0
Living Area
3888
Source Living Area
Vendor Enhanced

Open Houses

Tuesday, Apr 30th

11:00 AM - 2:00 PM

PublicView Details

Location

Listing Courtesy of Compass, Yael Davoudpour, DRE #02209569; Compass, Rodney Wittbrodt, DRE #02095111
Add your commute
LISTING UPDATED: 04/24/2024 05:23 PM

Property Details for 951 South Ardmore Avenue

StatusActive
MLS #24-369999
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.14 AC / 5,906 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Yael Davoudpour, DRE #02209569; Compass, Rodney Wittbrodt, DRE #02095111
Add your commute

Building Information for 951 South Ardmore Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.14 AC / 5,906 SF

Payment Calculator

$11,410 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,960

Property Taxes

$1,450

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 951 South Ardmore Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4 Units, 2+1
  • View: Yes
  • View Description: City, City Lights, Walk Street
  • View: City Lights
  • Security Features: Gated, Smoke Detector, Carbon Monoxide Detector(s), Exterior Security Lights
  • Property Condition: Updated/Remodeled
  • Sewer: In Street Paid
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Listing Broker Advantage
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $11.98
  • Actual Annual Gross Rent: $156,000.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1355
  • Lot Size Square Feet: 5906
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Carport, Carport Detached
  • Total Parking: 6
  • Covered Parking: 6
  • Parking Features: Covered, Carport, Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Wall Unit(s), Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Vinyl, Tile
  • Equipment: Dishwasher, Refrigerator, Range/Oven, Ice Maker, Garbage Disposal, Freezer
  • Interior Features: Turnkey
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Remodeled, Quartz Counters
  • Room Bathroom Features: Remodeled, Shower in Tub
  • Bathroom Features: Remodeled, Shower and Tub
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas, Cooktop - Gas
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Door Features: Sliding Doors
  • Patio Features: Balcony, Patio Open
  • Windows: Double Pane Windows
  • New Construction: No
  • Foundation Details: Raised
  • Other Structural Features: Balcony, Sliding Glass Doors
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-21-2024
  • Listing Terms: Conventional, Take Property As Is
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Dishwasher: 4
  • Number of Disposal: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Patio: 1
  • Number Refrigerator: 4
  • Number Wall AC: 4
  • Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $449,487.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $1,048,804.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,498,291.00

Property History for 951 South 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 951 South Ardmore Avenue

Taxable ValueLand$1,200,000Additions$200,000Total$1,400,000
Tax Record2023$17,395 ($1,450 / month)
Home Facts
Total Finished SqFt3,888 SqFtAbove Grade Finished SqFt3,888 SqFtLot Size5,904 SqFtStyleQuadraplexYear Built1960ZoningLAR4CountyLOS ANGELESAPN5080-031-001

Schools near 951 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.

Similar Homes

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951 South Ardmore Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on March 20, 2024 by Compass, it's currently listed at $1,825,000. It has been on the market for a total of 39 days and was last sold on May 12, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Hobart Boulevard Elementary School, Young Oak Kim Academy and Berendo Middle School. 951 South Ardmore Avenue is a 8-bed, 4-bath, 3,888 sqft multi-family home built in 1960.

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 Compass, Yael Davoudpour, DRE #02209569; Compass, Rodney Wittbrodt, DRE #02095111

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.