Proudly presenting 1125 S Ardmore Ave, an excellent investment opportunity primely situated smack dab in the heart of Koreatown! This well-maintained income property features 6 total units, all 1-bedroom, 1-bathroom apartment units that are generating a solid monthly rental revenue of $8,670. Two of the units have been completely remodeled,… Read More and the entire property has been meticulously cared for. The property is uniquely structured into 3 separate buildings, offering great parking convenience with 4 garages and a total of 6 parking spaces. Huge value-add potential! The rear building features four 1-car garages on the ground floor, offering an enticing opportunity to convert them into multiple ADUs for additional cash flow (Buyer to verify zoning and capacity with the city). Unbeatable location just minutes away from Koreatown's vibrant markets, restaurants, shopping, and entertainment hotspots. With easy and close access to the 10 Freeway, commuting and connecting to all major LA freeways is incredibly convenient. Perfect for savvy investors looking for immediate cash flow and high rental demand in a prime location! Read Less
Property listed by Mi Jeong Kim, MiJeong Kim 213-503-8070
Listing Snapshot
Days Online
37
Last Updated
Beds
6
3/4 Baths
6
Square Ft.
3,528
Lot Size
0.14 Acres
Year Built
1930
MLS Number
26855353
Additional Details
Building
Built in 1930, Living area: 3528.0, 3 buildings, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $112,710, Net Operating Income: $74,593
Lot
0.1357 acres
Parking
6 total parking spaces, Garage
Taxes
Parcel Number: 5080029006, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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