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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
DW25160438
Home ConditionExcellent
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.60M(67th), sqft - 7750(67th), 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
07/28/23
Sold
$1,005,000
Condition Rating
Excellent
The property was built in 2024, so it is newly built. The images show modern kitchens and bathrooms with new appliances and fixtures. The overall condition appears to be excellent, with no deferred maintenance.
Pros & Cons

Pros

New Construction: The property is a brand new construction, offering modern amenities and design, which is highly desirable for tenants and reduces initial maintenance costs.
High Cap Rate: The property boasts a strong 5.865% cap rate, indicating a potentially lucrative return on investment for buyers.
Fully Leased: The property is fully leased, providing immediate rental income and minimizing vacancy concerns for the new owner.
Desirable Unit Mix: The unit mix consists of (2) 5 bed/5 bath and (2) 5 bed/6 bath units, catering to larger families or groups, which are in high demand in the area.
Separately Metered Utilities: Each unit is separately metered for utilities, simplifying billing and reducing management responsibilities for the owner.

Cons

High Price Point: The property is listed at $3,595,000, which may limit the pool of potential buyers to those with significant capital.
Limited Lot Size: The lot size is relatively small at 5,903 sqft, potentially limiting outdoor space and future expansion possibilities.
Verify Information: The listing advises buyers to independently verify all information, which could indicate potential discrepancies or uncertainties regarding property details.

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