1151 S Ardmore Ave - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$2,999,000 USD
310-650-4220
1151 S Ardmore Ave, Los Angeles, CA for Sale
$2,999,000 USD
Apartments - FOR SALE
1/22
null | 6.45% Cap Rate

1151 S Ardmore Ave
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • 100% fully leased at $20,000 total per month, $240,000 per year
  • Unheard Cap rate of 6.45% higher than any others in this area, potential to add ADUS!
  • Great area with brand new construction buildings surrounded, centrally located
  • Close to Mid-Wilshire, USC, Westlake, Hollywood, Crypo arena, BMO and LA Coliseum, home of 2028 Olympics
  • Walkable to trendy new coffee shops, restaurants and walkable to Olympic blvd.
  • Rooftop deck with 360 gorgeous views, open floor plan with tons of natural light

OVERVIEW

Welcome to 1153 Ardmore, a 100% FULLY LEASED High End and Massive Brand New Construction Fourplex with an unheard of 6.45% cap rate, yearly gross income of $240,000 and an monthly gross income of $20,000. The area is booming with brand new construction buildings all around in the heart of Koreatown and there is potential to add ADUS. The building is centrally located in Koreatown and is walkable to trendy new coffee shops, restaurants and just minutes walking to Olympic blvd and very close to Hollywood, Downtown, Crypto arena, USC, LA Coliseum (home to the 2028 Olympics), BMO Stadium, Mid-Wilshire, Hancock Park, and Westlake. With 2026 World Cup and 2028 Olympics coming soon, this site is very close to all the action. The building features Four-4 bd 4 bath ranging from 1,523 to 1,580 square feet each. Each unit feature's efficient open floor plans with huge bedrooms, closets, balconies and all units have a ton of natural light. The units features beautiful vinyl flooring with grey classy cabinets, quartz white countertops, large island. Moreover, each unit has stainless steel appliances, washer and dryer in unit, designer carrara shower tiles. Each unit is separately metered for all utilities to lower expenses for a buyer and easy to manage, very little expenses, low maintenance, plus the property comes with 1 year builders warranty. This property is perfect for investors, a dream opportunity for 1031 Buyers and anyone that wants to invest in a safe asset at an amazing price and in the heart of Los Angeles and it also features 8 parking spaces, an beautiful rooftop deck with amazing 360 views and solar panels! All units include Central Air Conditioning + Heating and a motorized gate. Great for entertaining, roommates, students, families, tourists and couples as the units have open floor plans with tons of light and minutes from the 10 freeway! The neighborhood has lots of brand new construction close by giving a modern and nice vibrant feel to the area. This property has a ton of benefits, some of which are including long-term appreciation along with Depreciation benefits ( buyer to consult with their CPA) Buyer to Verify all.

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

4

PRICE/UNIT

$749,750

CAP RATE

6.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ardmore

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,907 SF

ZONING

LAR3

APN/PARCEL ID

5080-029-012

ASK ABOUT THIS PROPERTY

Daniel LalezariLuxe CapitalMore Info
310-650-4220

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Daniel LalezariLuxe CapitalMore Info
310-650-4220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.