1116 S Ardmore Ave

Los Angeles, CA, 90006

$1,600,000

$359 per ft²
$1,600,000
$359 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
10 Beds
baths
6 Baths
carpenters-square
4,450 ft²
property_type
Multi-family
calendar
Built 1965
Court Confirmation & Overbid Hearing scheduled for December 6th - All interested overbidders wanting to participate must contact listing agents to register by December 3rd. Great investment opportunity to purchase a 6 unit multifamily property in Koreatown! The asset, built-in 1965, features Five (5) Two Bedrooms + One Bathroom unit, and One (1) One-Bedroom + One Bathroom Studio for a total of six units 1116 S Ardmore Ave consists of 4,450 Sq. Ft. and resides on a 5,903 Sq. Ft. lot. The property complies with the City of Los Angeles, and the Soft Story Retrofit has been completed (LADBS). 1116 S. Ardmore Ave is in desirable Koreatown between major thoroughfares, S Western Ave, Vermont Ave, W Pico Blvd, and W Olympic Blvd. 1116 S. Ardmore is poised to capitalize on the tremendous growth that Koreatown and adjacent areas continue to see. Furthermore, the subject property's transit-oriented and highly walkable (95 Walk score) location offers residents access to various entertainment venues, cultural destinations, dining options, and employers nearby. In addition, the lack of inventory in the immediate area and the value add component should entice even the most discerning investors. POTENTIAL INCREASED CASHFLOW: The structure behind the lot is approx. 850 Sq. Ft. and could potentially be used to build an ADU. (Buyer to verify with the city).
MLS® ID:
22-197718
Listed:
9/7/22
Updated:
12/10/22

Interior Features

Kitchen Appliances
Gas/Electric Range, Oven
Total Bedrooms
10
Total Bathrooms
6
Laundry Description
Community
Floor Description
Laminate, Mixed
Fireplace
None
Cooling
Swamp Cooler(s)
Heating
Forced Air

Exterior/Building Features

Lot Size
5,903 ft² lot
Exterior Features
Other

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
6.0
View
N
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
11/3/22
Active Under Contract
-
-

Courtesy of Keller Williams Studio City, David Weinberger,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/10/22

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