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508 N Ardmore Avenue Los Angeles, CA $ 1,750,000
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$ 1,750,000 Get more info
508 N Ardmore Avenue
$ 1,750,000
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508 N Ardmore Avenue

Los Angeles, CA, 90004
$ 1,750,000
Bedrooms11 Baths6.0 Sq 4,103

Monthly Estimate*

$ 12,224

Listed by Equity Union
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 1
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 2
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 3
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 4
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 5
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 6
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 7
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 8
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 9
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 10
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 11
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 12
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 13
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 14
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 15
508 N Ardmore Avenue, Los Angeles, CA 90004 - Image 16

Multi-Family Home for sale in Los Angeles, CA

for $1,750,000 with 11 bedrooms and 6 full baths. This 4,103 square foot home was built in 1916 on a lot size of 0.1894.

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.

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Multi-Family Active

Price

$ 1,750,000

Bedrooms

11

Full Bath

6

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.1894

Year Built

1916

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR24080810

Days on Market

12
Features
General
Sewer PublicSewer
Heating Central
Zoning LAR3
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1916
Stories 1
Levels One
Property SubType MixedUse
Gross Income 133089.0
Community Features Sidewalks
County Los Angeles
Net Operating Income 99979.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Take exit 6B toward Melrose Ave/Normandie Ave on US-101 S. Continue onto N Ardmore Ave
City Los Angeles
Entry Location Street
View Y/N N
Senior Community Y/N N
Open Parking Spaces 5.0
Total Units 5
MLS Area C17 - Mid-Wilshire
Lot Size Square Feet 8250.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Ardmore
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 115
Property Sub Type Additional MixedUse
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Exterior
Lot Features Item25UnitsAcre
Water Source Public
Total Parking 5.0
Lot Size Area 8250.0
Number of Buildings 1
Spa N
Building Area Total 4103.0
Lot Size Acres 0.1894
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 508
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* Excluded Features
List By
Equity Union

Broker

(818) 989-2000

Phone

Affordability Calculator

$12,224
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,224
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/23/2024$1,750,000 Listed Price

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508 N Ardmore Avenue, Los Angeles, CA, 90004 is a Multi-Family Home for sale at $1,750,000 with 4,103 sqft and a lot size of 0.1894. 508 N Ardmore Avenue has 11 bedrooms, 6.0 baths, and was built in 1916. The property's zip code is 90004 which is in Los Angeles, CA

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