508 N Ardmore Ave

Los Angeles CA 90004

4103 sq. ft.

8250 sq. ft.

Other

Currently for sale - view listing

Overview

Located 1.5 Miles from Larchmont & 3.5 Miles from Downtown Los Angeles -Close Proximity to Dining, Retail Shopping, & Entertainment of Koreatown & Hollywood -Outstanding Unit Mix of Three-Bedroom Plus Den House & Two-Bedroom Units -Four of the Units Were Built in 1987 -Large 8, 247-Square Foot Lot Zoned R3 - Presents Redevelopment Opportunity -Convenient Access to Metro Stations & Freeways - Immediate Transit to Employment Hubs of Los Angeles & Downtown -Fully Remodeled Three-Bedroom Plus Den House with Private Front Yard -Partial Copper Plumbing, Eight Parking Spaces, On-Site Laundry Facility, & Security Camera System -Four of the Five Units Have Been Remodeled -Over 20% in Rental Upside -Current Cap Rate of 5.00% & Current GRM of 13.99 -Pro-Forma Cap Rate of 7.00% & Pro-Forma GRM of 10.35

Features

11 bedrooms

6 bathrooms

8 carspaces

4103 sq. ft. floor area

8250 sq. ft. lot size

Other

Property history for 508 N Ardmore Ave

2019

Sold

$1,690,000

19 Nov 2019 by Jonathan Nikfarjam, of Shield CRE, Inc.

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