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1028 N Ardmore Ave, Los Angeles, CA 90029
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1028 N Ardmore Ave Los Angeles, CA 90029

$2,000,000 Sold Price as of 06/30/2023
  • 14 Beds
  • 0 Baths
  • 9,376 Sq.Ft.
Sold
$2,000,000 Sold Price as of 06/30/2023 Refinance Your Mortgage
Map preview of 1028 N Ardmore Ave, Los Angeles, CA 90029

Property Overview: 1028 N Ardmore Ave Los Angeles, CA has 14 bedrooms, -- bathrooms, 9,376 living square feet and 8,914 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity in the high quality rental district of East Hollywood. Below market rents ready for a value add buyer. New windows in 2012 and a new roof in 2021 make up some of the upgrades to the property. Considerable rent upside all down the rent roll. Low price per square foot for the area. 1028 N Ardmore offers an opportunity to acquire 12 units at a great price for the area. 9 parking spaces on site as well as on site laundry. Densely populated area dominated by young professional tenants in an above average school district close to downtown Los Angeles. *Expenses listed are estimates and not actual.

Listed by Christian Milner | BRE #02059572 | Christian Milner Realty Group
Last checked: 3 minutes ago | Last updated: July 2nd, 2023 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
8,914
HOA Dues
$0/mo
Year built
1956
Garage
5 Car
Property Type:
Mixed Use
Status
Sold
MLS#
SB23045569
City
Los Angeles
County
Los Angeles
Time on Site
412 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Electric Meters: 13
  • # of Gas Meters: 13
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $980
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $820
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $960
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $865
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $865
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $935
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $859
  • Total Rent: $11,834
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $142,008
  • Net Operating Income: $99,406
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $42,602
  • Electric: $1,000
  • Gas/Fuel: $0
  • Trash: $2,400
  • Insurance: $5,000
  • Professional Management: $0
  • Water/Sewer: $6,000

Property Details for 1028 N Ardmore Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 5537018020
  • Year Built Source: Estimated
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Get off 101 at Santa Monica Blvd. Turn right on Ardmore
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 1028 N Ardmore Ave

Last sold for $2,000,000 on June 30th, 2023

  • June, 2023

  • Jun 30, 2023

    Date

    Sold

    CRMLS: SB23045569

    $2,000,000

    Price

  • Mar 24, 2023

    Date

    Active

    CRMLS: SB23045569

    $2,250,000

    Price

  • March, 1994

  • Mar 22, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1028 N Ardmore Ave

Assessed Value (2020): $816,323
Year Land Value Improved Value Assessed Value
2020 $313,642 $502,681 $816,323

Home Value Compared to the Market

This property vs the competition

1028 N Ardmore Ave sold on June 30, 2023 for 84.87% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $234.64 per/sqft which puts the price per square foot 68.92% lower than the current median sale per square foot for the city of Los Angeles.

About 1028 N Ardmore Ave

Detailed summary of property

1028 N Ardmore Ave is a mixed use that recently sold in Los Angeles, CA 90029. This mixed use property offered 14 bedrooms, -- bathrooms, roughly 9,376 living square feet, and sits on an approximately 8,914 square foot lot. 1028 N Ardmore Ave was first listed on ArdentRealEstateGroup.com on March 25, 2023. The homeowner sold the property for $2,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 84.87% higher than the current median priced home. Local homes that are currently for sale include 2630 E 1St St, 3033 E 8th St and 10601 Wilshire Blvd #501. While the average home in Los Angeles, CA is selling in 93 days, 1028 N Ardmore Ave has a days on market of 37 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1028 N Ardmore Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1028 N Ardmore Ave

Public county record property details
Beds
14
Baths
12
Year built
1956
Sq. Ft.
9,376
Lot Size
8,913
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
33
APN
5537-018-020

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
34
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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