1501 S Ardmore Avenue, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$999,888
1501 S Ardmore Avenue, Los Angeles, California 90006
0Bed
0Bath
4,312Sqft
7,052Lot
Year Built
1922
Close
-
List price
$1,000K
Original List price
$1.05M
Price/Sqft
$232
HOA
-
Days on market
-
Sold On
-
MLS number
PW25006182
Home ConditionFair
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $999.9K(50th), sqft - 4312(50th), beds - undefined(50th), baths - undefined(50th).
An impeccably maintained quadruplex in a prime location, just minutes from USC, Koreatown, and Downtown. Convenient access to the 10 and 110 freeways. The property features two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, all fully occupied. This two-story building offers two units on each floor, ensuring stable cash flow with a strong history of rental success.
Nearby schools
3/10
Los Angeles Elementary School
Public,•K-5•0.3mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.5mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.6mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.9mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.0mi
3/10
Wilton Place Elementary School
Public,•K-5•1.1mi
3/10
Berendo Middle School
Public,•6-8•0.6mi
5/10
Pio Pico Middle School
Public,•6-8•0.8mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.4mi
4/10
West Adams Preparatory High School
Public,•9-12•0.8mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.1mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.1mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.1mi
4/10
Los Angeles Senior High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
12/31/12
Sold
$570,000
Condition Rating
Fair
The property was built in 1922. While described as impeccably maintained, the images show older kitchens and bathrooms with dated appliances and fixtures. The units appear functional and clean, but are not recently renovated. Therefore, a 'fair' rating is appropriate, indicating the need for minor updates or repairs.
Pros & Cons
Pros
Prime Location: Located minutes from USC, Koreatown, and Downtown Los Angeles, offering convenient access to amenities and employment centers.
Strong Rental History: The property has a history of stable cash flow and rental success, indicating consistent demand.
Fully Occupied: All four units are currently occupied, providing immediate income for the investor.
Cons
Older Building: Built in 1922, the property may require ongoing maintenance and potential upgrades due to its age.
Limited Unit Mix: The property consists of only 1-bed and 2-bed units, which may not appeal to all tenant demographics.