1204-1208 S Ardmore Ave | Los Angeles, CA 90006
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1204-1208 S Ardmore Ave
Los Angeles, CA 90006
Ardmore Apartments · Multifamily Property For Sale · 8 Units
Executive Summary
This property is also being sold with 1434 S. Orange Drive in Los Angeles and can be purchase separately or as a package.
This two-story “U” shaped Spanish style apartment complex is located just west of Normandie and north of Pico Blvd. just south of the Koreatown neighborhood in the City of Los Angeles. Tenants enter through a gated entry arched doorway into a nicely landscaped courtyard. There is an electronic access panel at the front to allow tenants to buzz in their guests. The first floor tenants have front and back doors, all protected with metal gates for additional security. The units are separately metered for both gas and electricity. Some of the units have their own wall a/c units in the windows. Interiors feature hardwood floors, tile bathrooms, ceiling fans & wall heaters.
There is street parking only. This property is subject to City of Los Angeles Rent Stabilization Ordinance.
This two-story “U” shaped Spanish style apartment complex is located just west of Normandie and north of Pico Blvd. just south of the Koreatown neighborhood in the City of Los Angeles. Tenants enter through a gated entry arched doorway into a nicely landscaped courtyard. There is an electronic access panel at the front to allow tenants to buzz in their guests. The first floor tenants have front and back doors, all protected with metal gates for additional security. The units are separately metered for both gas and electricity. Some of the units have their own wall a/c units in the windows. Interiors feature hardwood floors, tile bathrooms, ceiling fans & wall heaters.
There is street parking only. This property is subject to City of Los Angeles Rent Stabilization Ordinance.
PROPERTY FACTS
| Price Per Unit | $175,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.65% | Lot Size | 0.14 AC |
| Sale Conditions | Bulk/Portfolio Sale | Building Size | 7,340 SF |
| Gross Rent Multiplier | 9.03 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Sale Conditions | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 9.03 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,340 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,750 | 650 |
| 2+1 | 5 | $1,995 | 1,000 |
| 2+2 | 1 | $2,250 | 1,000 |
PROPERTY TAXES
| Parcel Number | 5080-035-023 | Improvements Assessment | $497,841 |
| Land Assessment | $174,312 | Total Assessment | $672,153 |
PROPERTY TAXES
Parcel Number
5080-035-023
Land Assessment
$174,312
Improvements Assessment
$497,841
Total Assessment
$672,153
zoning
| Zoning Code | LAR4 |
| LAR4 |
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