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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,850,000

Est. payment - /mo

6 Beds

10 Baths

4,830 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,830 sqft

Price per Sqft $383

MLS Listing ID 25566695

Bedrooms 6

HOA Y/N No

Year Built 1925

Lot Size 5,906 Sqft

Property Description

We are pleased to present 975 S Ardmore Ave, a well-maintained and gated 10-unitapartment community located in the heart of Koreatown--one of Los Angeles' most vibrant and high-demand rental submarkets. Built in 1925, this character-rich property offers a desirable unit mix consisting of Six (1 bedroom +1 bathroom) units & Four (Studio)units, spread across a 4,830 square foot building situated on a 5,905 square foot lot. Each unit is individually metered for gas and electricity, minimizing landlord expenses and providing efficient utility management. While the property offers street parking only, its central location provides convenient access to public transportation, shops, restaurants, and major employment centers. Several of the units have undergone minor interior upgrades, including laminate flooring, modernized kitchen and bathroom cabinetry, and updated tile flooring in both kitchens and bathrooms offering a solid foundation for further value-add improvements. With significant upside in rents, this property presents an exceptional investment opportunity for value-add investors seeking stable cash flow with the potential for future growth. Don't miss your chance to own this charming multifamily asset in one of Los Angeles' most sought-after rental corridors.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features On Street

Building

Story 1

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5080031005

Special Listing Condition Standard

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Listed by Derrick Vartanian Lyon Stahl Investment Real Estate, Inc.

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975 S Ardmore AVE Los Angeles, CA 90006