LAR3-Zoned Multifamily with Two Vacant
For Sale
$1,699,000
508 N Ardmore Ave, Los Angeles, CA 90004
LAR3-zoned multifamily with two units delivered vacant at closing for flexible leasing or furnished rental operations.
Property Size4,103 SF
Lot Size0.19 Acres
Price / SF$414.09
Days on Market50
Property Features for 508 N Ardmore Ave
General Information
Standard status
Active
Size
4,103 SF
Total Parking Spaces
5
Lot size
0.19 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR3
Units
Unit Mix
1 x 3BR/2BA+den, 4 x 2BR/1BA
Multifamily Units
5
Additional Details
Highway Access
Yes
Amenities
on-site laundry
security camera system
private yard
Building Details
Building Size
4,103 SF
Year Built
1916
Listing Agency:
Real Broker
(213) 434-2433
Listed By:
Max Lee · License #01905008
Source:
Rochellemaize
Added: Jun 12
Changed: Jul 31
Last Checked: Jul 31 at 6:55AM
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 Real Broker
Investment Insights
Based on property information with market context.
508 N Ardmore Ave is an apartment building investment on an 8,250 SF LAR3-zoned lot, with approximately 4,103 SF of building area. The property includes one remodeled 3BR/2BA single-family residence with a private yard and four 2BR/1BA apartment units built in 1987. At closing, two units will be delivered vacant, creating flexibility for market-rate leasing, furnished rental strategies, short-term rental operations (buyer to verify local regulations), or owner-user occupancy.
The building supports day-to-day operations with 5 on-site parking spaces, on-site laundry, individual water heaters, and a security camera system. The property is positioned in East Hollywood near Koreatown, with proximity to major entertainment and employment hubs, including Netflix, and the 101 Freeway.
With LAR3 zoning, the asset also allows for long-term redevelopment and densification potential as the East Hollywood corridor continues to evolve.
The building supports day-to-day operations with 5 on-site parking spaces, on-site laundry, individual water heaters, and a security camera system. The property is positioned in East Hollywood near Koreatown, with proximity to major entertainment and employment hubs, including Netflix, and the 101 Freeway.
With LAR3 zoning, the asset also allows for long-term redevelopment and densification potential as the East Hollywood corridor continues to evolve.
Key Highlights
- LAR3‑zoned lot with long‑term redevelopment and densification potential
- Two units delivered vacant at closing for flexible leasing or furnished rental operations
- Property mix: one remodeled 3BR/2BA + den with private yard plus four 2BR/1BA apartments
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,237
Businesses Nearby
Explore this area
Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
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 - LAR3-zoned multifamily with two units delivered vacant at closing for flexible leasing or furnished rental operations.
Where is this apartment building located?
The property is located at 508 N Ardmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: LAR3‑zoned lot with long‑term redevelopment and densification potential; Two units delivered vacant at closing for flexible leasing or furnished rental operations; Property mix: one remodeled 3BR/2BA + den with private yard plus four 2BR/1BA apartments
