975 S Ardmore Ave - Apartments FOR SALE


Los Angeles, CA 90006- Koreatown
$1,850,000 USD
310-739-3148
975 S Ardmore Ave, Los Angeles, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/13
null | 5.38% Cap Rate

975 S Ardmore Ave
Los Angeles, CA 90006
Koreatown


HIGHLIGHTS

  • Great Koreatown Location w/ Strong Rental Upside!
  • Some Units w/ Minor Renovations
  • 5.38% CAP | 11.15 GRM
  • Unit Mix: 6 (1BR + 1 BA) & 4 (Studios)
  • Separately Metered for Gas & Electricity
  • Walker's Paradise: Walk Score of 95! Steps to Koreatown Galleria & Plaza, Cafes, Shops, Dining, and Nightlife.

OVERVIEW

VartanianCRE of Lyon Stahl Investment Real Estate, Inc. presents 975 S Ardmore Ave, a well-maintained and gated 10-unit apartment community located in the heart of Koreatown—one of Los Angeles' most vibrant and high-demand rental submarkets. Built in 1925, this character-rich property offers a desirable unit mix consisting of Six (1 bedroom +1 bathroom) units & Four (Studio) units, spread across a 4,830 square foot building situated on a 5,905 square foot lot. Each unit is individually metered for gas and electricity, minimizing landlord expenses and providing efficient utility management. While the property offers street parking only, its central location provides convenient access to public transportation, shops, restaurants, and major employment centers. Several of the units have undergone minor interior upgrades, including laminate flooring, modernized kitchen and bathroom cabinetry, and updated tile flooring in both kitchens and bathrooms—offering a solid foundation for further value-add improvements. With significant upside in rents, this property presents an exceptional investment opportunity for value-add investors seeking stable cash flow with the potential for future growth. Don’t miss your chance to own this charming multifamily asset in one of Los Angeles’ most sought-after rental corridors.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

10

PRICE/UNIT

$185,000

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Great Koreatown Location | 10 Units!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,907 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5080-031-005

ASK ABOUT THIS PROPERTY

Derrick VartanianLyon Stahl Investment Real Estate, Inc.More Info
310-739-3148

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

Derrick VartanianLyon Stahl Investment Real Estate, Inc.More Info
310-739-3148

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