843 S Ardmore Ave, Los Angeles, CA 90005
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843 S Ardmore Ave Los Angeles, CA 90005

$4,200,000
  • 21 Beds
  • 20 Baths
  • 13,095 Sq.Ft.
For Sale
$4,200,000 Get Pre-Qualified

Map preview of 843 S Ardmore Ave, Los Angeles, CA 90005

Property Overview: 843 S Ardmore Ave Los Angeles, CA has 21 bedrooms, 20 bathrooms, 13,095 living square feet and 6,764 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: Walking distance to Wilshire for the tenant. This is a great no frills “newer” building, just south of Wilshire. Solid rental area. Great potential for increased rents. Well maintained unit with subterranean parking for tenants. Elevator to all floors. Center hallway plan. 16 parking spaces. Leased laundry machines on each floor. Each unit has its own hot water heater. AT&T entry system. Property is serviced with Spectrum for internet. Wall unit heating and Air conditioning.

Listed by Brian Hatkoff | BRE #00644374 | Hatkoff Investments
Co-listed by Archie Aiello | BRE #01002919 | Aiello & Associates
Last checked: 14 minutes ago | Last updated: September 16th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
6,764
HOA Dues
$0/mo
Year built
1989
Garage
16 Car
Property Type:
Apartment
Status
Active
MLS#
SR24192209
City
Los Angeles
County
Los Angeles
Time on Site
3 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 1
  • # of Leased Units: 15
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,747
  • Total Rent: $15,720
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,714
  • Total Rent: $1,714
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,160
  • Total Rent: $10,796
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $338,682
  • Net Operating Income: $211,983
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $116,539
  • Electric: $16,500
  • Gas/Fuel: $0
  • Licenses: $350
  • Trash: $9,818
  • Gardener: $1,800
  • Insurance: $11,464
  • Maintenance: $20,000
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 843 S Ardmore Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
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: 16
  • # of Parking Spaces: 16
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 15
  • Parcel Number: 5093024019
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Wilshire East of Western
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 843 S Ardmore Ave

Last sold for $3,470,000 on September 11th, 2014
  • September, 2024

  • Sep 16, 2024

    Date

    Active

    CRMLS: SR24192209

    $4,200,000

    Price

  • September, 2014

  • Sep 11, 2014

    Date

    Sold (Public Records)

    Public Records

    $3,470,000

    Price

  • February, 2011

  • Feb 11, 2011

    Date

    Sold (Public Records)

    Public Records

    $2,515,000

    Price

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Tax History for 843 S Ardmore Ave

Assessed Value (2020): $3,813,316
Year Land Value Improved Value Assessed Value
2020 $2,714,378 $1,098,938 $3,813,316

Home Value Compared to the Market

This property vs the competition

843 S Ardmore Ave is listed 250% 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 $320.73 per/sqft which puts the price per square foot 58.24% lower than the median price per square foot for the city of Los Angeles.

About 843 S Ardmore Ave

Detailed summary of property

843 S Ardmore Ave is a apartment located in Los Angeles, CA 90005 and is currently for sale. This apartment offers 21 bedrooms, 20 bathrooms, roughly 13,095 living square feet, and sits on an approximately 6,764 square foot lot. 843 S Ardmore Ave was first listed on ArdentRealEstateGroup.com on September 16, 2024. The homeowner is currently asking $4,200,000. 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 250% higher than the median priced home. Local competing homes currently for sale include 204 N Manhattan Pl, 204 N Manhattan Pl and 132 S Westmoreland Ave. While the average home in Los Angeles, CA is selling in 106 days, 843 S Ardmore Ave has a days on market of 3 days. 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 843 S Ardmore Ave Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 843 S Ardmore Ave

Public county record property details
Beds
--
Baths
20
Year built
1989
Sq. Ft.
13,095
Lot Size
6,762
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
261
APN
5093-024-019

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$839,000
Median List Price/Sq.Ft.
$643
Median Sold Price
$695,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
44
Median Sale to List Price %
92.79%
Avg Days on Market
53
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (0%), Other (12.5%)

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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.