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Los Angeles, CA 90004 508 N Ardmore Avenue

$1,750,000

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Presented By: Salar Farshchi Tabrizi with Equity Union; 919-702-6650
  • MLS# SR24080810
  • 04/23/2024
  • Request Tour
  • Request Info
  • BedBeds • 11
  • BathBaths • 6
  • FootageSQFT • 4,103

Home Details

We are pleased to present for sale this true Value-add investment opportunity located in the East Hollywood, Koreatown area of Los Angeles. 508 North Ardmore Avenue consists of one three (3) Bedroom, Two (2) Bath plus Den Single Family Residence along with four 2 Bedrooms, 1 Bathroom units. The 4 units were built in 1987 and appear to be Non-Rent Controlled apartments under Los Angeles City rent control. The Three Bedroom House has been remodeled and has a private yard and partial copper plumbing. There are 5 parking spaces, on-site laundry, individual hot water heaters, Central Heating and Air Conditioning and Security Camera System in place. Plenty of rental upside. Two units are currently vacant. Building square feet is approximately 4,103 and sits on a lot size of approximately 8,250 square feet of land. Zoned as LAR3. The subject property is in close proximity to Downtown Los Angeles, Hollywood, Silver Lake, Echo Park and Korea town and conveniently located near the 101 Freeway.
Presented By: Salar Farshchi Tabrizi with Equity Union; 919-702-6650

Interior Features for 508 N Ardmore Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 508 N Ardmore Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CountyLos Angeles
Days on Market
DirectionsTake exit 6B toward Melrose Ave/Normandie Ave on US-101 S. Continue onto N Ardmore Ave
Entry LocationStreet
Garage Spaces0.0
Garage Y/NNo
Gross Income133089.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet8250.0
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income99979.0
New ConstructionNo
Open Parking Spaces5.0
Operating Expense0.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameArdmore
Tax Lot115
Total Units5
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1916
Year Built SourcePublicRecords
ZoningLAR3

Exterior for 508 N Ardmore Avenue

Building Area Total4103.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.1894
Lot Size Area8250.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,750,000
MLS#SR24080810
List Date 04/23/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors