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

$1,500,000
  • 17 Beds
  • 16 Baths
  • 3,314 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 947 N Ardmore Ave, Los Angeles, CA 90029

Property Overview: 947 N Ardmore Ave Los Angeles, CA has 17 bedrooms, 16 bathrooms, 3,314 living square feet and 7,604 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: We are proud to present this fantastic 5 units income property with huge R3 zoning lot! Investors dream. A great location of Hollywood, walking distance to Santa Monica, shops and transportations, and nice neighborhood! The property consists of a 3 bedroom+2 bathroom home in front and a newer fourplex, each with 1 bed+ 1 bath. Units are well maintained with some upgrades. Updated electrical and mostly copper plumbing. There is on site laundry. There are 8 parking spaces in the rear of property.

Listed by Doris Rihani | BRE #01350009 | Nelson Shelton Real Estate Era Powered
Last checked: 4 minutes ago | Last updated: April 11th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
7,604
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24376255
City
Los Angeles
County
Los Angeles
Time on Site
28 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,515
  • Total Rent: $2,515
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,560
  • Total Rent: $1,560
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,310
  • Total Rent: $1,310
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,162
  • Total Rent: $1,162
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.97
  • Gross Scheduled Income: --
  • Net Operating Income: $48,230
  • Gross Operating Income: $100,164
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 947 N Ardmore Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • Has Fireplace
  • Bath, Kitchen
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Multi/Split
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 5
  • Parcel Number: 5537024012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica and East of Western
View more facts & features

Local Los Angeles Agent

Sale History for 947 N Ardmore Ave

Last sold for $1,100,000 on April 14th, 2016

  • April, 2024

  • Apr 3, 2024

    Date

    Active

    CRMLS: 24376255

    $1,500,000

    Price

  • January, 2024

  • Jan 22, 2024

    Date

    Expired

    CRMLS: 23323283

    $1,490,000

    Price

  • Oct 20, 2023

    Date

    Active

    CRMLS: 23323283

    $1,550,000

    Price

  • Listing provided courtesy of CRMLS

    Great location! walking distance to Santa Monica shops and restaurants. Lot is Over 7000 sqf of R3 zoning. Nice mix of a house with 3 bed, 2 bath and 4 spacious one bedroom units in the back. Units are in good condition. The building has been updated as needed. Plenty of parking spaces in the rear. Great upside in rental income. Lots of potential! this property is sold as is where is.

  • April, 2016

  • Apr 14, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • January, 2016

  • Jan 20, 2016

    Date

    Price Change

    CRMLS: 16973543

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    We are proud to present the exclusive listing of 947 N. Ardmore, Los Angeles, CA 90029. The property consists of a 3 bedroom + 2 bath home and a fourplex consisting of 1 bed + 1 bath units. There is on-site laundry, updated electrical,mostly copper plumbing, and a newer roof. The property has approximately 8 parking spaces in the rear of property. Great opportunity for Owner-user or investor. SELLER WILL REVIEW ALL OFFERS, FRIDAY, JANUARY 29TH.

  • October, 2006

  • Oct 31, 2006

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

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Tax History for 947 N Ardmore Ave

Assessed Value (2020): $1,192,473
Year Land Value Improved Value Assessed Value
2020 $833,472 $359,001 $1,192,473

Home Value Compared to the Market

This property vs the competition

947 N Ardmore Ave is listed 22.45% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $452.63 per/sqft which puts the price per square foot 41.52% lower than the median price per square foot for the city of Los Angeles.

About 947 N Ardmore Ave

Detailed summary of property

947 N Ardmore Ave is a multi family located in Los Angeles, CA 90029 and is currently for sale. This multi family property offers 17 bedrooms, 16 bathrooms, roughly 3,314 living square feet, and sits on an approximately 7,604 square foot lot. 947 N Ardmore Ave was first listed on ArdentRealEstateGroup.com on April 4, 2024. The homeowner is currently asking $1,500,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 22.45% higher than the median priced home. Local competing homes currently for sale include 4307 Clinton St, 537 N Kenmore Ave and 4572 Rosewood Ave. While the average home in Los Angeles, CA is selling in 96 days, 947 N Ardmore Ave has a days on market of 23 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 947 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 947 N Ardmore Ave

Public county record property details
Beds
6
Baths
5
Year built
1920
Sq. Ft.
3,314
Lot Size
7,602
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
34
APN
5537-024-012

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
$1,199,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
33
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 947 N Ardmore Ave

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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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