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508 N ARDMORE AVE, Los Angeles, California

$1,729,00011 Beds6 BathsActive

508 N ARDMORE AVE, Los Angeles, California 90004
Elijah Korobkin~BRE #: 01897085~Elijah Korobkin - MLS® ID: 17243272

Property Details

508 N ARDMORE AVE, Los Angeles, California 90004 - Ardmore Village "AV" is a 5 unit apartment complex CENTRALLY located between Hollywood and Koreatown. The property features Four 2-Bedroom/1-Bathroom units, and a Front 4-Bedroom/2-Bathroom home. Three VACANT Two-Bedroom units have been tastefully renovated. The property presents investors the opportunity to increase rents, to significantly increase the property's value! AV features 8 PARKING spaces, on-site LAUNDRY & an 8,247 SF lot, zoned LA-R3 providing for redevelopment potential - ability to build 10 units by-right. CENTRALLY sandwiched between Koreatown & Hollywood, the property provides close proximity, and easy access to all neighborhoods in LA, including Downtown, Miracle Mile, Beverly Hills, etc. Due to its rapidly gentrifying location, rental upside, value-add potential & favorable zoning, the property is well positioned for Accelerated Appreciation and significant cashflow. Expenses are projections. Rents for VACANT units are projections.

Amenities

  • Zip90004
  • CountyLos Angeles
  • SQFT4103
  • Bedrooms11
  • Full baths6.00
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeLAR3
  • Year built1916
  • Lot size8247
  • HeatingOther
  • CoolingOther
  • Office ID98939520426
  • Agent ID98939520425
  • Agent nameElijah Korobkin
  • MLS® ID17243272

Broker: Elijah Korobkin~BRE #: 01897085~Elijah Korobkin

Listing Courtesy of Elijah Korobkin~BRE #: 01897085~Elijah Korobkin

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