LAR3 Multifamily
For Sale
$1,100,000
1147 S Ardmore Ave, Los Angeles, CA 90006
Existing improvements are offered as-is in an established Los Angeles residential setting.
Property Size1,910 SF
Price / SF$575.92
Days on Market47
Property Features for 1147 S Ardmore Ave
General Information
Standard status
Active
Size
1,910 SF
Property subtype
MULTI_FAMILY
Zoning
LAR3
Property Condition
Severity
Minor
Evidence
requires TLC
Building Details
Building Size
1,910 SF
Year Built
1911
Listing Agency:
Urban Real Estate, Inc.
(213) 507-1616
Listed By:
Sun Kyung Chang · License #01950848
Source:
Benbelack
Added: Jun 30
Changed: Aug 15
Last Checked: Aug 15 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Urban Real Estate, Inc.
Investment Insights
Based on property information with market context.
This LAR3-zoned multifamily property includes 1,910 SF of existing improvements on a parcel developed in 1911. The asset requires TLC and is being offered in its present condition, with renovation, repositioning, or continued ownership identified as potential approaches. Existing improvements may support income generation while future plans are evaluated.
The property is located in Los Angeles’ Koreatown/Mid-Wilshire area, an established neighborhood described as undergoing revitalization and redevelopment. Seller-led tenant relocation is currently in progress, and occupancy status, tenant rights, and vacancy timing require independent buyer due diligence. Buyers should also verify square footage, permits, zoning, allowable uses, and development potential with the City of Los Angeles and appropriate licensed professionals.
The property is located in Los Angeles’ Koreatown/Mid-Wilshire area, an established neighborhood described as undergoing revitalization and redevelopment. Seller-led tenant relocation is currently in progress, and occupancy status, tenant rights, and vacancy timing require independent buyer due diligence. Buyers should also verify square footage, permits, zoning, allowable uses, and development potential with the City of Los Angeles and appropriate licensed professionals.
Key Highlights
- LAR3 zoning supports the property’s multifamily classification
- 1,910 SF of existing improvements
- Originally developed in 1911
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Existing improvements are offered as-is in an established Los Angeles residential setting.
Where is this multifamily property located?
The property is located at 1147 S Ardmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: LAR3 zoning supports the property’s multifamily classification; 1,910 SF of existing improvements; Originally developed in 1911
