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Sold for $2,000,000 on 06/30/23
  • Listing Provided by: 

    Christian Milner DRE #02059572 714-943-1489,

    Christian Milner Realty Group

    Bought with: RE/MAX One
    $2,000,000

    1028 N Ardmore Ave, Los Angeles, CA 90029

    14beds
    --baths
    9,376sqft
    Mixed Use
    Built in 1956
    -- sqft lot
    $2,087,400 Zestimate®
    $213/sqft
    $-- Estimated rent

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    $12,639/mo

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    What's special

    Great investment opportunity in the high quality rental district of East Hollywood. Below market rents ready for a value add buyer. New windows in 2012 and a new roof in 2021 make up some of the upgrades to the property. Considerable rent upside all down the rent roll. Low price per square foot for the area. 1028 N Ardmore offers an opportunity to acquire 12 units at a great price for the area. 9 parking spaces on site as well as on site laundry. Densely populated area dominated by young professional tenants in an above average school district close to downtown Los Angeles. *Expenses listed are estimates and not actual.

    Zillow last checked: 8 hours ago

    Listing updated: July 02, 2023 at 10:25am

    Listing Provided by:

    Christian Milner DRE #02059572 714-943-1489,

    Christian Milner Realty Group

    Bought with:

    Chase Simonton, DRE #01766871

    RE/MAX One

    Source: CRMLS,MLS#: SB23045569MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 9,376
    • Total interior livable area: 9,376 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 8,914 sqft
    Details
    • Parcel number: 5537018020
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1956

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks
    Location
    • Region: Los Angeles

    Other

    Other facts
    • Listing terms: 1031 Exchange
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    Estimated market value
    $2,087,400