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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
DW25243250
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 Appraised at:$3,595,000 Property is fully leased with a great Cap rate of 5.865%. 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 Note:Property is fully leased with a great Cap rate of 5.865%. 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
10/21/25
Listing
$3,595,000
07/28/23
Sold
$1,005,000
Condition Rating
Excellent
This property is a brand new construction (built 2024) as explicitly stated in the description. The images confirm a 'Clean Modern look' with new laminate flooring, fresh paint, modern recessed lighting, and contemporary bathrooms featuring subway tile and new vanities. All components are new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this property offers modern amenities, a 'Clean Modern look,' and minimal immediate maintenance, appealing strongly to tenants and reducing owner's initial upkeep costs.
Exceptional Investment Returns: The property is fully leased with a strong capitalization rate of 5.865%, providing immediate and robust cash flow for investors.
Strategic High-Demand Location: Located in Koreatown, Los Angeles, a 'hot rental area' with high demand for multi-family units, ensuring easy leasing and potential for appreciation.
Operational Efficiency: All four units are separately metered for each utility service, significantly reducing the owner's operational costs and simplifying tenant billing.
Spacious & Modern Units: Comprising four quad-level units, each with 5+ bedrooms and bathrooms, the property offers ample living space suitable for large families or co-living arrangements, maximizing rental income potential.

Cons

Suboptimal School Ratings: Several public schools in the immediate vicinity have lower ratings (2-3), which may be a deterrent for families prioritizing top-tier educational institutions.
Urban Environment Challenges: As a property in a dense urban area like Koreatown, potential drawbacks include higher noise levels, traffic congestion, and potentially limited parking beyond the included garage.
Limited Private Outdoor Space: Given the property's configuration as a 4-plex on a 5,903 sqft lot, individual private outdoor space for each unit is likely minimal, which could be a drawback for some tenants.

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