843 Ardmore Ave Los Angeles, CA 90005-4350
- Apartment buildings
- 13,095 SF
- 0.16 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 843 Ardmore Ave
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 13,095 SF
- Zone code
- LAR4
- Property type
- Apartment buildings
- APN
- 5093-024-019
- APU
- 5093024019
Description
This exceptional 15-unit apartment building presents a compelling investment opportunity in the desirable Los Angeles, CA market. Located at 843 S Ardmore Ave, 90005, this three-story building, constructed in 1989, boasts 13,095 square feet on a 6,762 square foot lot. The property features a convenient subterranean parking garage with 16 spaces, an elevator servicing all floors, and a central hallway plan. Each of the 15 units is equipped with its own hot water heater and wall unit heating and air conditioning. Resident amenities include leased laundry machines on each floor and an AT&T entry system. The building is also conveniently serviced by Spectrum internet. The property is zoned LAR4 and benefits from its proximity to Wilshire Boulevard, a prime location offering strong rental demand and potential for rental increases. The building's well-maintained condition and desirable features make it an attractive investment with a 5.10% cap rate and an asking price of $4,200,000. This is a solid, no-frills building in a strong rental area, presenting a promising return on investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $430,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $694,000
Market price range: $299k - $763k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.302
- Latitude
- 34.0566
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
