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1128 Ardmore, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath

1128 Ardmore, Los Angeles, California 90006 home-pic-0
ACTIVE$3,595,000
1128 Ardmore, Los Angeles, California 90006
0Bed
0Bath
7,750Sqft
5,903.4Lot
Year Built
2024
Close
-
List price
$3.6M
Original List price
$3.6M
Price/Sqft
$464
HOA
-
Days on market
-
Sold On
-
MLS number
DW25108650
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.60M(75th), sqft - 7750(75th), beds - undefined(50th), baths - undefined(50th).

1128, 1128 1/2, 1130 & 1130 1/2 S Ardmore Ave, Los Angeles CA 90006 Option For Sale or Master Lease Appraised at:$3,595,000 Projected Cap rate: 6.483% Presenting a Clean Modern look BRAND NEW CONSTRUCTION Multi-family Investment 4 Unit Property. Property’s breakdown is the following: 4Plex consists of 2 Duplexes; total of 4units Mix of (2) 5 bedrooms & 5 bathrooms & (2) 5 bedrooms & 6 bathrooms Total of 20 Bedrooms and 22 Baths Total approx. Living sqft: 6,880 ( Not including 870 sqft Garage) Total approx. Lot sqft: 5,903 Unit 1 sqft: 1,652.5 Unit 2 sqft: 1,652.5 Unit 3 sqft: 2,222.5 Unit 4 sqft: 2,222.5 All units are Quad-Level & separately metered for each utility service. This project is located in a hot rental area. Location, location, location! Multi family units are in high demand in this area. This project being Brand New Construction, these units are easy to lease out. Property has little to no maintenance; super convenient for the owner. Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.

Nearby schools

3/10
Los Angeles Elementary School
Public,•K-5•0.2mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.3mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.3mi
3/10
Wilton Place Elementary School
Public,•K-5•0.9mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.2mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.2mi
3/10
Berendo Middle School
Public,•6-8•0.5mi
5/10
Pio Pico Middle School
Public,•6-8•1.0mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.5mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.8mi
4/10
West Adams Preparatory High School
Public,•9-12•1.0mi
4/10
Los Angeles Senior High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
07/28/23
Sold
$1,005,000
Condition Rating
Excellent
This property is explicitly described as 'BRAND NEW CONSTRUCTION' built in 2024. The images confirm a modern aesthetic with new, high-quality finishes throughout, including light wood-look laminate flooring, white walls, and contemporary bathrooms featuring subway tile and new vanities. All systems, appliances, and features are new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this property offers modern design, up-to-date building standards, and significantly reduced maintenance needs for the owner.
High Income Potential: Comprising 4 units with a total of 20 bedrooms and 22 bathrooms, the property is designed for substantial rental income, especially in a high-demand market.
Attractive Projected Cap Rate: A projected cap rate of 6.483% indicates a strong potential return on investment, making it appealing to investors seeking cash flow.
Low Operating Costs: Units are separately metered for all utilities, and the new construction promises 'little to no maintenance,' minimizing landlord expenses and management burden.
Strategic Location: Located in a 'hot rental area' in Koreatown, Los Angeles, ensuring high demand for multi-family units and ease of leasing.

Cons

High Entry Price Point: The appraised value of $3,595,000 represents a significant capital investment, potentially limiting the pool of prospective buyers.
Niche Tenant Market for Large Units: Units with 5 bedrooms may cater to a more specific tenant demographic (e.g., large families, co-living groups), which could impact vacancy rates or tenant stability.
Potential Parking & Limited Outdoor Space: While a garage is mentioned, the specific parking capacity for 4 units with 20 bedrooms is not detailed, and the dense build on a 5,903 sqft lot suggests minimal outdoor or common area space.

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