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    Ardmore Ave Los Angeles, CA 90006

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    For Sale
    $1,700,000

    Charming 10-unit apartment building in prime Koreatown location.

    Property size:
    4,830 SF
    Lot size:
    0.14 Acres

    Property Features for Ardmore Ave

    General Information

    Standard status
    Active
    Size
    4,830 SF
    Lot size
    0.14 Acres

    Building Details

    Year built
    1925

    Source: LYON STAHL INVESTMENT REAL ESTATE, INC. Agent DERRICK VARTANIAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Koreatown Multifamily Investment Opportunity

    Located in the heart of Koreatown, this well-maintained, gated 10-unit apartment community presents an investment opportunity. Constructed in 1925, the property includes six 1-bedroom, 1-bathroom units and four studio units. The building spans 4,830 square feet on a 5,905 square foot lot. Each unit has individual gas and electricity meters. Several units feature minor interior upgrades, including laminate flooring, modernized kitchen and bathroom cabinetry, and updated tile flooring in both kitchens and bathrooms. The property offers street parking and convenient access to public transportation, shops, restaurants, and major employment centers.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.301322
    Latitude
    34.07455

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    FAQs

    What type of property is this?
    Apartment building - Charming 10-unit apartment building in prime Koreatown location.
    Where is this apartment building located?
    The property is located at Ardmore Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - High-demand Koreatown location in Los Angeles.; - Significant upside in rents for value-add investors.; - Desirable unit mix: six 1-bedroom/1-bathroom units and four studio units.
    Request Owner's contact information
    Ardmore Ave Los Angeles, CA 90006
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    Los Angeles, CA 90006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Ardmore Ave Los Angeles, CA 90006
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