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1135 S Ardmore Avenue, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath

1135 S Ardmore Avenue, Los Angeles, California 90006 home-pic-0
ACTIVE$2,495,000
1135 S Ardmore Avenue, Los Angeles, California 90006
0Bed
0Bath
7,750Sqft
5,910Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction: Built in 2023, this property is brand new, minimizing immediate maintenance and capital expenditure for the buyer and appealing to modern tenants.
Top Cons:
Significant Price Reductions: The property has undergone substantial price reductions from its original list price of $3.4M to $2.495M, which may indicate overpricing or market resistance and could raise buyer concerns.

Compared to the nearby listings

Price:$2.50M vs avg $1.79M (+$707,500)50%
Size:7,750 sqft vs avg 5,657 sqft50%
Price/sqft:$322 vs avg $31250%

More Insights

Built in 2023 (2 years old).
Condition: This property was newly constructed in 2023, making it virtually brand new. The description highlights 'quality construction' and 'fully outfitted' units with new appliances. Images confirm modern, clean finishes in the bathroom with subway tile and contemporary fixtures, indicating all components are new and meet current quality standards with no deferred maintenance.
Year Built
2023
Close
-
List price
$2.5M
Original List price
$3.4M
Price/Sqft
$322
HOA
-
Days on market
-
Sold On
-
MLS number
PW25085086
Home ConditionExcellent
Features
Good View:
View-

About this home

Centennial Advisers exclusively represents the opportunity to acquire a newly constructed, program-ready fourplex located in the heart of Los Angeles. Built in 2023, this four-story building offers 7,750 square feet of living space on a 5,910 square foot lot. The building features 4 large units comprising a total of 23 bedrooms and 22 bathrooms, ideal for high-yield rental strategies including co-living or transitional housing. Each unit comes fully out?tted with in-unit washer/dryers, televisions, stoves, ovens, and refrigerators, all included in the sale. Residents will bene?t from a 2-car garage, a 6-foot tall metal security gate, and a comprehensive interior and exterior camera system - offering both convenience and peace of mind. Located just minutes from the 10 Freeway, the property offers easy access to the greater Los Angeles area, making it a highly attractive location for tenants. With its quality construction, premium amenities, and immediate occupancy potential, this asset presents a rare opportunity in today’s market.

Nearby schools

3/10
Los Angeles Elementary School
Public,•K-5•0.2mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.3mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.3mi
3/10
Wilton Place Elementary School
Public,•K-5•0.9mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.1mi
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•1.8mi

Price History

Date
Event
Price
07/06/23
Sold
$3,500,000
08/23/21
Sold
$1,062,000
Condition Rating
Excellent
This property was newly constructed in 2023, making it virtually brand new. The description highlights 'quality construction' and 'fully outfitted' units with new appliances. Images confirm modern, clean finishes in the bathroom with subway tile and contemporary fixtures, indicating all components are new and meet current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction: Built in 2023, this property is brand new, minimizing immediate maintenance and capital expenditure for the buyer and appealing to modern tenants.
High-Yield Multi-Unit Configuration: A fourplex with 23 bedrooms and 22 bathrooms, explicitly designed for high-yield rental strategies like co-living or transitional housing, offering significant income potential.
Fully Equipped Units: Each unit comes fully outfitted with in-unit washer/dryers, televisions, stoves, ovens, and refrigerators, making them move-in ready and highly attractive to prospective tenants.
Enhanced Security Features: The property includes a 6-foot tall metal security gate and a comprehensive interior and exterior camera system, providing convenience and peace of mind for residents and owners.
Strategic Los Angeles Location: Located in the heart of Los Angeles, just minutes from the 10 Freeway, offering excellent accessibility to the greater LA area and ensuring strong tenant demand.

Cons

Significant Price Reductions: The property has undergone substantial price reductions from its original list price of $3.4M to $2.495M, which may indicate overpricing or market resistance and could raise buyer concerns.
Limited On-Site Parking: With only a 2-car garage for a 4-unit, 23-bedroom property, parking is highly insufficient for the number of potential residents, a significant drawback in Los Angeles.
Small Lot Size Relative to Building: The 5,910 square foot lot for a 7,750 square foot four-story building suggests minimal outdoor space or common areas, which could be a disadvantage for some tenants seeking more amenities.

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