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 partal copper plumbing.

There are 5 parking spaces, on-site laundry, individual hot water heaters, Central Hea ting 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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on 508 N Ardmore Ave
in Los Angeles, CA
Presented by Salar Farshchi Tabrizi at
Equity Union.


Property MLS #SR24080810 from CRMLS

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 11

+ Appliances

Laundry Features: Common Area

+ Bathrooms

Full Bathrooms: 6

+ Heating and Cooling

Heating Features: Central
Heating: Yes

+ Land Info

Lot Description: 2-5 Units/Acre, Lot 6500-9999
Lot Size Acres: 0.1893939
Lot Size Source: Assessor
Lot Size Square Feet: 8250

+ Garage and Parking

Parking Total: 5

+ Multi-Unit Info

Number of Units: 5
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 2

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Rental Info

Rent Control: Yes

+ Amenities and Community Features

Community Features: Sidewalks

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Area: C17 - Mid-Wilshire
Source Neighborhood: C17 - Mid-Wilshire
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 1
Parcel Number: 5520012015
Postal Code Plus 4: 2024
Zoning: LAR3
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-04-23
$1750000
CRMLS

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Listing removed 2023-11-15
$0
TheMLSCLAW

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Listed 2023-11-10
$1899000
TheMLSCLAW

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Listing removed 2017-11-29
$1700000
TheMLSCLAW

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Listed 2017-08-28
$1700000
TheMLSCLAW

+ Commercial Info

Net Operating Income: 99979.00

+ Building and Construction

Total Square Feet Living: 4103
Year Built: 1916
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Street
Property Age: 108
Levels or Stories: One
Building Total Stories: 1
Structure Type: Commercial/Residential
Year Built Source: Public Records

+ Utilities

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

+ Display Complete School Details

Alexandria Avenue Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions

Virgil Middle School is a public middle school located approximately 0.7 miles away.
Map directions

Belmont Senior High School is a public high school located approximately 2.6 miles away.
Map directions

Beverly Christian Academy, Inc. is a private elementary school located approximately 0.4 miles away.
Map directions