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1501 S Ardmore Ave, Los Angeles, CA 90006
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1501 S Ardmore Ave Los Angeles, CA 90006

$1,295,000
  • 6 Beds
  • 4 Baths
  • 4,312 Sq.Ft.
For Sale
$1,295,000 Get Pre-Qualified
Map preview of 1501 S Ardmore Ave, Los Angeles, CA 90006

Property Overview: 1501 S Ardmore Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 4,312 living square feet and 7,050 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Located in the heart of Los Angeles this well maintained gated fourplex sits on a whopping 7,050sqft lot- offering an abundance of opportunity. Situated on a corner lot and total living space of 4,312sqft- Live in one unit and take advantage of the steady income from other units or choose to rent out all four! The choice is yours and endless! Strategic ideal layout includes two 2-bedroom units and two 1-bedroom units. Each unit includes its own dining room, designated garage parking spot and in unit washer and dryer hookups. Each occupant enjoys their own privacy and convenience. Enjoy the spacious backyard; perfect for enjoying summer evenings and gatherings. Have a sense of community and feeling of "home"! LOCATION. LOCATION, LOCATION. WALKABILITY AND DESIRABILITY. Conveniently located near the 10 Freeway, Normandie Recreation Center, public transportation, and a variety of restaurants and schools, this property is ideally situated. Central location to major attractions like Grammy Museum LA Live, the USC campus, Beverly Center Mall, Koreatown, and minutes from Downtown Los Angeles. Whether you're a first time home buyer, seasoned buyer, or investor this property unlocks potential and and opportunity! Don't hesitate to call and see what options are in store for you!

Listed by Grace Kim | BRE #01904662 | JohnHart Real Estate
Last checked: 10 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
7,050
HOA Dues
$0/mo
Year built
1922
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
SR24192511
City
Los Angeles
County
Los Angeles
Time on Site
22 hours
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,203
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,138
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,054
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $665
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $48,720
  • Net Operating Income: $43,420
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,300
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,300
  • Water/Sewer: $3,000

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Property Details for 1501 S Ardmore Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5074007009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Take W Pico Blvd to S Ardmore Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1501 S Ardmore Ave

Last sold for $570,000 on December 31st, 2012

  • September, 2024

  • Sep 18, 2024

    Date

    Active

    CRMLS: SR24192511

    $1,295,000

    Price

  • May, 2023

  • May 1, 2023

    Date

    Expired

    CRMLS: IG23051191

    $1,100,000

    Price

  • Mar 30, 2023

    Date

    Active

    CRMLS: IG23051191

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent INVESTMENT OPPORTUNITY Available!! Located in a prime location and priced below market value, this vast 4,312 square feet fourplex situated on a Corner lot boasts immense potential. The property features a capacious backyard and a detached 4-car garage. Additionally, each unit offers a formal dining area and a designated laundry room. Presently, all four units have tenants with month-to-month tenancy agreements, and the rental rates are below market value due to the previous long-term ownership and stable tenants. This offering presents an exceptional chance to capitalize on rental rate growth potential and enhance the property value. We kindly request that you refrain from disturbing the current occupants.

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: IG22208797

    $1,250,000

    Price

  • Sep 25, 2022

    Date

    Active

    CRMLS: IG22208797

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Large 4,312sqft. fourplex located on a Corner lot. Features a large backyard and a detached 4car garage. All units have formal dining rooms and their own laundry room area. This gated property consists of 2 units are 2bedrooms 1 bath and 2 units 1 bedroom 1 bath. All 4 units are tenant-occupied and all on a month-to-month tenancy. Rents are below market price due to a long-term owner with long-term good tenants. Opportunity to capture the rental upside and add value. Please do not disturb tenants.

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: IG22208807

    $1,250,000

    Price

  • Sep 25, 2022

    Date

    Active

    CRMLS: IG22208807

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTMENT OPPORTUNITY! Large 4,312sqft. fourplex located on a Corner lot. Features a large backyard and a detached 4-car garage. All units have formal dining rooms and their own laundry room area. This gated property consists of 2 units are 2bedrooms 1 bath and 2 units are 1 bedroom 1 bath. All 4 units are tenant-occupied and all on a month-to-month tenancy. Rents are below market price due to a long-term owner with long-term good tenants. Opportunity to capture the rental upside and add value. Please do not disturb tenants.

  • December, 2012

  • Dec 31, 2012

    Date

    Sold (Public Records)

    Public Records

    $570,000

    Price

  • September, 1997

  • Sep 8, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1501 S Ardmore Ave

Assessed Value (2020): $641,806
Year Land Value Improved Value Assessed Value
2020 $450,392 $191,414 $641,806

Home Value Compared to the Market

This property vs the competition

1501 S Ardmore Ave is listed 7.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $300.32 per/sqft which puts the price per square foot 60.9% lower than the median price per square foot for the city of Los Angeles.

About 1501 S Ardmore Ave

Detailed summary of property

1501 S Ardmore Ave is a fourplex located in Los Angeles, CA 90006 and is currently for sale. This fourplex offers 6 bedrooms, 4 bathrooms, roughly 4,312 living square feet, and sits on an approximately 7,050 square foot lot. 1501 S Ardmore Ave was first listed on ArdentRealEstateGroup.com on September 18, 2024. The homeowner is currently asking $1,295,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 7.92% higher than the median priced home. Local competing homes currently for sale include 1232 S Kenmore Ave, 1029 S Normandie Ave and 1248 S Manhattan Pl. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1501 S Ardmore Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1501 S Ardmore Ave

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
4,312
Lot Size
7,049
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
41
APN
5074-007-009

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$608
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$597
Total Inventory
33
Median Sale to List Price %
87.46%
Avg Days on Market
75
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

Tour This Home

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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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