Los Angeles, CA 90004 508 N Ardmore Avenue
$1,750,000
11 more
Presented By: Salar Farshchi Tabrizi with Equity Union; 919-702-6650
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
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 Market112
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
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet8250.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income99979.0
New ConstructionNo
NumberOfUnitsTotal5
Open Parking Spaces5.0
Operating Expense0.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot115
TermsCash, CashtoNewLoan
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
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
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480