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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
DW25264460
Home ConditionExcellent
Features
View-

About this home

We found 4 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
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
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
11/24/25
Listing
$3,595,000
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 flooring (wood-look laminate/LVP), fresh paint, recessed lighting, and contemporary bathrooms featuring subway tile, new vanities, and fixtures. While specific kitchen appliance images are not provided, the 'BRAND NEW CONSTRUCTION' status and the high quality of visible areas strongly indicate that all components are new or virtually 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 minimal immediate maintenance, appealing to both tenants and owners.
Strong Investment Performance: The property is fully leased with an attractive capitalization rate of 5.865%, indicating immediate and robust cash flow for investors.
Prime Rental Location: Situated in Koreatown, a 'hot rental area' in Los Angeles, ensuring high demand for multi-family units and consistent tenant occupancy.
Low Maintenance & Easy Leasing: As a brand new development, it promises little to no maintenance requirements and ease of leasing, providing convenience and efficiency for the owner.
Separately Metered Quad-Level Units: Each of the four quad-level units is separately metered for utilities, reducing owner's expenses and offering tenants individual control over their usage.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 7750, other record living area = 1182.
High Capital Investment: The list price of $3,595,000 represents a significant financial outlay, potentially limiting the pool of prospective buyers.
Limited Outdoor Space: With 6,880 sqft of living space on a 5,903 sqft lot, the property likely offers minimal common outdoor areas, which could be a drawback for some tenants.
Significant Property Tax Burden: As a new construction in a high-value area of Los Angeles, the property will incur substantial annual property tax obligations, impacting overall net operating income.

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