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    1004 N Ardmore Avenue

    Los Angeles (City), CA 90029
    • $1,495,000
    • STATUS: Active
    • ON SITE: 121 days
    • ID#: 20669846
    UPDATED: 91 min ago
    $1,495,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,270
      SQFT
    • $284
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    We are proud to exclusively present for sale a four unit property comprised of two duplexes, with the possibility of adding units. Located in East Hollywood, just south of SMB & east of the 101 FWY, this property is blocks from LA City College & Metro Subway Station. 3 of 4 units will be delivered vacant, w/2 units fully gutted & ready for rehabbing & 1 unit remodeled & ready to be rented! With 5,270SF of rentable space, the front units (4+3s), once rehabbed, should rent fast. Units are stacked. Back duplex has a 2+1 fully remodeled upstairs unit, which has been left vacant for a new owner to rent out. Bottom unit is currently leased at $1,000 and is a 2+1. The new owner will have a few different plays, including doing something similar to the existing proposed plans to remodel the front duplex, possibly adding 1 or 2 detached ADUs w/o the possibility of increased parking, or consider additional units in the back, as zoning allows around 10 units by right.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/112556463
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    1004 N Ardmore Avenue Los Angeles (City), CA 90029

    • Price: $1,495,000
    • Status: Active
    • Updated: 91 min ago
    • ID#: 20669846
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,270
    SQFT
    $284
    $/SQFT
    1912
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    We are proud to exclusively present for sale a four unit property comprised of two duplexes, with the possibility of adding units. Located in East Hollywood, just south of SMB & east of the 101 FWY, this property is blocks from LA City College & Metro Subway Station. 3 of 4 units will be delivered vacant, w/2 units fully gutted & ready for rehabbing & 1 unit remodeled & ready to be rented! With 5,270SF of rentable space, the front units (4+3s), once rehabbed, should rent fast. Units are stacked. Back duplex has a 2+1 fully remodeled upstairs unit, which has been left vacant for a new owner to rent out. Bottom unit is currently leased at $1,000 and is a 2+1. The new owner will have a few different plays, including doing something similar to the existing proposed plans to remodel the front duplex, possibly adding 1 or 2 detached ADUs w/o the possibility of increased parking, or consider additional units in the back, as zoning allows around 10 units by right.
    Exterior Features

    Lot Size Units Square Feet Parking Features DrivewayTandem GarageSide By Side Parking YN Yes

    Property Features

    Country Us Gross Income 163800.00 Gross Multiplier 10.16 Gross Operating Income 163800.00 Net Operating Income 131040.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 32760.00 Zoning R3-1Xl Tier 3

    Listing provided courtesy of Dario Svidler of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
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    Mission Viejo CA, 92691