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508 N Ardmore Ave Los Angeles, CA, 90004
$1,750,000 Commercial for sale Other
We are pleased to present for sale this true Value-add investment opportunity located in the East Hollywood, Koreatown area of Los Angeles. 508 North Ardmore Avenue consists of one three (3) Bedroom, Two (2) Bath plus Den Single Family Residence along with four 2 Bedrooms, 1 Bathroom units. The 4 units were built in 1987 and appear to be Non-Rent Controlled apartments under Los Angeles City rent control. The Three Bedroom House has been remodeled and has a private yard and partial copper plumbing. There are 5 parking spaces, on-site laundry, individual hot water heaters, Central Heating and Air Conditioning and Security Camera System in place. Plenty of rental upside. Two units are currently vacant. Building square feet is approximately 4,103 and sits on a lot size of approximately 8,250 square feet of land. Zoned as LAR3. The subject property is in close proximity to Downtown Los Angeles, Hollywood, Silver Lake, Echo Park and Korea town and conveniently located near the 101 Freeway.
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Property details
4,103 sqft interior area
Land area
8,250 sqft (0.19 acres)
Days on Verhouse
23
Address
508 N Ardmore Ave, Los Angeles, CA, 90004
City of California
Los Angeles
County
Los Angeles
Year Built
1916
District
Listing
Nearby major retailers
Costco
T-Mobile
Albertsons
Trader Joe's
Whole Foods Market
Toyota
Wholesale: 1
Mobile phone: 7
Supermarket: 11
Car: 2
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Listed by
Salar Farshchi Tabrizi, Equity Union
Name
Salar Farshchi Tabrizi
License number
02095885
Brokerage company
Equity Union
MLS #
CRSR24080810
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Calculate your monthly payments
Mortgage
$5,373
Taxes
$0
HOA dues
$0
Mortgage
$350,000 / 20%
2.28%
30 years
Your amount
$5,373 / month
Lot details
TMK #5520012015
Parcel nr.
5520012015
90004 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90004
39%
Families with children
National average: 39%
53%
Non family households
703,396
Population
$80,630
Average Income
Age & gender
Median age 35 years
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Commute types
68% commute by car
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Education level
27% have bachelor education
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Number of employees
1% work in retail trade
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Vehicles available
49% have 1 vehicle
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Vehicles by gender
49% have 1 vehicle
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Housing market insights for
$1.59m
Neighborhood average
sales price*
sales price*
$1.29m
Neighborhood median
sales price*
sales price*
685
Number
of sales*
of sales*
Housing type
38% are apartments
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Rooms
40% of the houses have 2 or 3 rooms
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Bedrooms
39% have 2 or 3 bedrooms
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Owners vs Renters
82% are renters
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11.67 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Apr 23, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 23, 2024 | New Listing | $1,750,000 | 0 | MLS #CRSR24080810 |
Taxes of 508 N Ardmore Ave, Los Angeles, CA, 90004
LAR3 zoning / MLS #CRSR24080810
Zoning
LAR3
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Frequently Asked Questions about 508 N Ardmore Ave
What is 508 N Ardmore Ave?
508 N Ardmore Ave is a Commercial/Industrial propertywith 4,103 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
508 N Ardmore Ave, Los Angeles, CA, 90004.
What comparable properties are nearby?
Comparable nearby commercial properties include 4720 Clinton St, 542 N Kenmore Ave, 800 N Hobart Blvd, 251 N Kenmore Ave, 4913 Melrose Ave, 947 N Ardmore Ave.
Based on information from the bridgeMLS as of 05-15-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 23, 2024
Verhouse Last checked 1 minute ago
The closest grocery stores are HK Market, 0.6 miles away and Smart & Final, 0.71 miles away.
The 90004 zip area has a population of 703,396, and 39% of the families have children. The median age is 35.99 years and 68% commute by car. The most popular housing type is "apartment" and 82% is renter.
