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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
DW25220867
Home ConditionExcellent
Features
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
09/22/25
Listing
$3,595,000
07/28/23
Sold
$1,005,000
Condition Rating
Excellent
This property is brand new construction, built in 2024, as explicitly stated in the description. The images confirm a modern, clean aesthetic throughout, with new wood-look laminate flooring, fresh white paint, recessed lighting, and contemporary fixtures in the bathrooms (white subway tile, modern vanities, chrome hardware). The overall condition is pristine, meeting current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' criteria for a newly built property.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this property offers modern amenities, minimal immediate maintenance, and potential for energy efficiency, appealing to both tenants and investors.
Strong Investment Performance: The property is fully leased with an attractive 5.865% Cap Rate, providing immediate and substantial rental income for the investor.
High Demand Location: Located in Koreatown, Los Angeles, a 'hot rental area' with high demand for multi-family units, ensuring easy tenant placement and consistent occupancy.
Optimal Unit Configuration: Comprising four large, quad-level units (totaling 20 bedrooms and 22 bathrooms), the property caters to a significant tenant base, maximizing potential rental income.
Operational Efficiency: All units are separately metered for each utility service, significantly reducing landlord overhead and simplifying property management.

Cons

Limited Outdoor Space: With a lot size of 5,903 sqft for a four-unit property totaling 6,880 sqft of living space, individual units likely have minimal private outdoor areas.
High Entry Price Point: The $3,595,000 list price represents a substantial capital investment, which may limit the pool of potential buyers.
Buyer Due Diligence Burden: The listing explicitly states that the buyer must independently verify all information, placing a higher responsibility on the buyer for thorough due diligence.

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