843 S Ardmore Ave
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843 S Ardmore Ave
15 Unit Apartment Building $4,200,000 ($280,000/Unit) 5.05% Cap Rate Los Angeles, CA 90005
Investment Highlights
- Koreatown
- Walking distance to Wilshire Blvd.
- Elevator building
Executive Summary
Walking distance to Wilshire for the tenant. This is a great no frills “newer” building, just south of Wilshire. Solid rental area. Great potential for increased rents. Well maintained unit with subterranean parking for tenants. Elevator to all floors. Center hallway plan. 16 parking spaces. Leased laundry machines on each floor. Each unit has its own hot water heater. AT&T entry system. Property is serviced with Spectrum for internet. Wall unit heating and Air conditioning.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,200,000 | Apartment Style | Low Rise |
| Price Per Unit | $280,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.05% | Building Size | 8,100 SF |
| Gross Rent Multiplier | 12.4 | No. Stories | 3 |
| No. Units | 15 | Year Built | 1989 |
| Property Type | Multifamily | Parking Ratio | 1.7/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,200,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 12.4 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,100 SF |
| No. Stories | 3 |
| Year Built | 1989 |
| Parking Ratio | 1.7/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
Site Amenities
- Controlled Access
- Laundry Facilities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+2 | 5 | - | - |
| 2+1 | 1 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (77)
PROPERTY TAXES
| Parcel Number | 5093-024-019 | Total Assessment | $4,088,639 (2024) |
| Land Assessment | $2,910,358 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,178,281 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5093-024-019
Land Assessment
$2,910,358 (2024)
Improvements Assessment
$1,178,281 (2024)
Total Assessment
$4,088,639 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R4, Los Angeles (R-4 LA City zoning) |
| R4, Los Angeles (R-4 LA City zoning) |
-
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843 S Ardmore Ave
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