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1722 S Ardmore Ave, Los Angeles, CA 90006
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1722 S Ardmore Ave Los Angeles, CA 90006

$975,000 Sold Price as of 08/27/2021
  • 4 Beds
  • 4 Baths
  • 3,387 Sq.Ft.
Sold
$975,000 Sold Price as of 08/27/2021 Refinance Your Mortgage
Map preview of 1722 S Ardmore Ave, Los Angeles, CA 90006

Property Overview: 1722 S Ardmore Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,387 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1722 S Ardmore Ave. is a meticulously preserved California Craftsman 4 plex located in Historic Harvard Heights that has recently undergone an exterior facelift and offers major upside potential! This gated property features 4 oversized 1 bedroom units on a quiet street. 1 unit will be delivered vacant, offering immediate upside, while the other 3 will be delivered with tenants in place. Large backyard area offers a unique opportunity to build up to 2 ADUs and achieve above market returns, offering a potential 7.8% cap rate, while adding significant value to the property (buyer to verify)!

Listed by Shaya Lowenstein | BRE #01942326 | Keller Williams Larchmont
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
6,000
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21754454
City
Los Angeles
County
Los Angeles
Time on Site
1098 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $766
  • Total Rent: $766
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.19
  • Gross Scheduled Income: --
  • Net Operating Income: $39,517
  • Gross Operating Income: $59,592
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1722 S Ardmore Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5074025027
  • Architectural Style: Craftsman
Location / Neighborhood
Location Information
  • Directions: South of Venice, North of Washington. East of Western, West of Vermont.
View more facts & features

Local Los Angeles Agent

Sale History for 1722 S Ardmore Ave

Last sold for $975,000 on August 27th, 2021

  • August, 2021

  • Aug 27, 2021

    Date

    Sold

    CRMLS: 21754454

    $975,000

    Price

  • Aug 23, 2021

    Date

    Pending

    CRMLS: 21754454

    $965,000

    Price

  • Jul 9, 2021

    Date

    Active Under Contract

    CRMLS: 21754454

    $965,000

    Price

  • Jun 30, 2021

    Date

    Active

    CRMLS: 21754454

    $965,000

    Price

  • March, 2021

  • Mar 18, 2021

    Date

    Expired

    CRMLS: 20671260

    $949,000

    Price

  • Feb 19, 2021

    Date

    Withdrawn

    CRMLS: 20671260

    $949,000

    Price

  • Jan 18, 2021

    Date

    Active

    CRMLS: 20671260

    $949,000

    Price

  • Jan 14, 2021

    Date

    Active Under Contract

    CRMLS: 20671260

    $949,000

    Price

  • Dec 17, 2020

    Date

    Active

    CRMLS: 20671260

    $949,000

    Price

  • Listing provided courtesy of CRMLS

    1722 S Ardmore Ave. is a meticulously preserved California Craftsman located in Historic Harvard Heights. This gated property features 4 large 1 bedroom units on a quiet street. 2 of the units will be delivered vacant, offering immediate upside, while the other 2 will be delivered with tenants in place. Property has recently undergone upgrades including a partial remodel of 2 of the units and a complete exterior paint job. Large backyard area offers a unique opportunity to build an ADU and achieve above market returns, offering a potential 6.2% cap rate, while adding significant value to the property (buyer to verify)!

  • January, 2001

  • Jan 29, 2001

    Date

    Sold (Public Records)

    Public Records

    $163,000

    Price

Show More

Tax History for 1722 S Ardmore Ave

Assessed Value (2020): $884,340
Year Land Value Improved Value Assessed Value
2020 $520,200 $364,140 $884,340

Home Value Compared to the Market

This property vs the competition

1722 S Ardmore Ave sold on August 27, 2021 for 24.25% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $284.91 per/sqft which puts the price per square foot 63.98% lower than the current median sale per square foot for the city of Los Angeles.

About 1722 S Ardmore Ave

Detailed summary of property

1722 S Ardmore Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,387 living square feet, and sits on an approximately 6,000 square foot lot. 1722 S Ardmore Ave was first listed on ArdentRealEstateGroup.com on June 30, 2021. The homeowner sold the property for $975,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 24.25% lower than the current median priced home. Local homes that are currently for sale include 1427 W 28th St, 1719 W 35th St and 1492 W 35th Pl. While the average home in Los Angeles, CA is selling in 100 days, 1722 S Ardmore Ave has a days on market of 6 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1722 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 1722 S Ardmore Ave

Public county record property details
Beds
4
Baths
4
Year built
--
Sq. Ft.
3,387
Lot Size
6,000
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
112
APN
5074-025-027

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.
$604
Median Sold Price
$299,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
45
Median Sale to List Price %
100%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(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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