Value-Add 5-Unit Apartment
For Sale
Contact for pricing
1550 S Ardmore Ave, Los Angeles, CA 90006
For sale 5-unit apartment building with a stated 6.0% current cap and value-add opportunity.
Property Size4,706 SF
Price / SF$204.84
Days on Market63
Property Features for 1550 S Ardmore Ave
General Information
Standard status
Active
Size
4,706 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
LAR2
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$57,846
Building Details
Year Built
1900
Year Renovated
2025
Buildings
2
Units
5
Tenancy
Multi
Listing Agency:
CRE Advisory Service
Listed By:
Jesse Lee · License #CA 01430358
Source:
Crexi
Added: Jul 6
Changed: Aug 28
Last Checked: Sep 3 at 6:23AM
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 CRE Advisory Service
Investment Insights
Based on property information with market context.
This for-sale apartment building is configured as a 5-unit income property described as a value-add opportunity. The seller’s materials highlight a 6.0% current cap, and the listing notes the property has been price reduced.
The property is located at 1550 S Ardmore Ave, Los Angeles, CA 90006. This offering is positioned for investors and owner-operators looking at the building’s current income profile and upside associated with the stated value-add approach.
The asking price shown is $964,000.
The property is located at 1550 S Ardmore Ave, Los Angeles, CA 90006. This offering is positioned for investors and owner-operators looking at the building’s current income profile and upside associated with the stated value-add approach.
The asking price shown is $964,000.
Key Highlights
- 5‑unit apartment building for sale
- Year built: 1900
- Stated 6.0% current cap
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,204
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?
Apartment building - For sale 5-unit apartment building with a stated 6.0% current cap and value-add opportunity.
Where is this apartment building located?
The property is located at 1550 S Ardmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $964,000.
What are key features of this property?
This property features: 5‑unit apartment building for sale; Year built: 1900; Stated 6.0% current cap
