Fourplex with Rooftop
For Sale
$2,949,000
1151 S Ardmore Avenue, Los Angeles, CA 90006
Four furnished? No. Fully leased residential property with private balconies, on-site parking, and separately metered utilities.
Property Size6,206 SF
Price / SF$475.19
Days on Market11
Property Features for 1151 S Ardmore Avenue
General Information
Standard status
Active
Size
6,206 SF
Total Parking Spaces
8
Property subtype
Multi-family
Occupancy
100%
Financials
Cap Rate
6.56%
Gross Income
$240,000
Gross Rent Multiplier
12.28
Site & Location
Neighborhood
Harvard Heights
Highway Access
Yes
Units
Unit Mix
4 x 4BR/4BA
Multifamily Units
4
Individually Metered Utilities
all utilities
Additional Details
Tenant in Place
Yes
Amenities
stainless steel appliances
washer/dryer in unit
central air conditioning and heating
balconies
rooftop deck
solar panels
motorized gate
Building Details
Year Built
2024
Listing Agency:
Keller Williams Hollywood Hills
Listed By:
Daniel Lalezari · License #01949474
(310) 650-4220
Source:
Sevengables
Added: Oct 22
Changed: Oct 31
Last Checked: Nov 1 at 6:21AM
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 Keller Williams Hollywood Hills
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Investment Insights
Based on property information with market context.
Completed in 2024, this fourplex contains four units, each with four bedrooms and four bathrooms. Individual unit areas range from 1,523 to 1,580 square feet. Interiors feature open layouts, balconies, in-unit washers and dryers, central air conditioning and heating, and stainless steel appliances. The property also includes a rooftop deck, solar panels, eight parking spaces, a motorized gate, and a one-year builder warranty. Utilities are separately metered for each unit.
The property is in Koreatown, within walking distance of coffee shops and restaurants and minutes from Olympic Boulevard and the 10 freeway. The listing reports a 6.56% cap rate and a 12.28 GRM.
The property is in Koreatown, within walking distance of coffee shops and restaurants and minutes from Olympic Boulevard and the 10 freeway. The listing reports a 6.56% cap rate and a 12.28 GRM.
Key Highlights
- Four units, each with 4 bedrooms and 4 bathrooms
- Unit areas range from 1,523 to 1,580 square feet
- Fully leased; reported 6.56% cap rate and 12.28 GRM
Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,427
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished? No. Fully leased residential property with private balconies, on-site parking, and separately metered utilities.
Where is this quadplex located?
The property is located at 1151 S Ardmore Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,949,000.
What are key features of this property?
This property features: Four units, each with 4 bedrooms and 4 bathrooms; Unit areas range from 1,523 to 1,580 square feet; Fully leased; reported 6.56% cap rate and 12.28 GRM
