Search
979 S Ardmore Ave, Los Angeles, CA 90006
View Photos

979 S Ardmore Ave Los Angeles, CA 90006

$2,320,000 Sold Price as of 09/20/2019
  • 4 Beds
  • 12 Baths
  • 4,850 Sq.Ft.
Sold
$2,320,000 Sold Price as of 09/20/2019 Refinance Your Mortgage
Map preview of 979 S Ardmore Ave, Los Angeles, CA 90006

Property Overview: 979 S Ardmore Ave Los Angeles, CA has 4 bedrooms, 12 bathrooms, 4,850 living square feet and 5,905 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 979 South Ardmore Avenue is a NON-RENT CONTROLLED, 12-unit bungalow-style courtyard apartment located in Koreatown (90006), one of LA's most dynamic neighborhoods. The building was built in 1927 and consists of twelve units (12). Four (4) 1 Bedroom / 1 Bathroom units and eight (8) studio apartments. The property has significant upside potential in rents, make it an ideal investment for savvy investors who can expect good return on their investment. NON-RENT CONTROLLED - The City of LA had a program in the mid-1980's allowing an owner to undergo particular interior renovations to the interior of units which in-turn transfers the status to a non-rent controlled property and making it EXEMPT from LA City's rent control ordinance.

Listed by Nick Astrupgaard | BRE #01893466 | KW Commercial Studio City
Co-listed by Rich Johns | BRE #01432215 | KW Commercial Studio City
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 48

Home details

Lot Sq. Ft
5,905
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19495454
City
Los Angeles
County
Los Angeles
Time on Site
1265 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $9,899
  • Total Rent: $9,899
  • Pro Forma/Market Rent: $11,160
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $6,144
  • Total Rent: $6,144
  • Pro Forma/Market Rent: $7,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: 13.1
  • Gross Scheduled Income: --
  • Net Operating Income: $139,009
  • Gross Operating Income: $190,391
  • Improvements Total: $249,581
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 979 S Ardmore Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Other
Property Information
  • Total # of Units: 12
  • Parcel Number: 5080031006
Location / Neighborhood
Location Information
  • Directions: GPS
View more facts & features

Local Los Angeles Agent

Sale History for 979 S Ardmore Ave

Last leased for $1,250 on January 1st, 2020

  • January, 2020

  • Jan 5, 2020

    Date

    Leased

    CRMLS: 19528746

    $1,250

    Price

  • Nov 9, 2019

    Date

    Active

    CRMLS: 19528746

    $1,295

    Price

  • Listing provided courtesy of CRMLS

    Beautiful updated studio apartment for rent in lovely quiet neighborhood. Spacious unit with lots of natural light. Unit features new flooring, new quartz counter-tops, stainless steel fridge, stainless steel stove, and more. Pets must be approved by owner. Prime location. Close to the 10 and 110 exchange freeway entrance. Near: K-Town, Loyola Law School Downtown LA, walking distance to metro stations

  • November, 2019

  • Nov 24, 2019

    Date

    Leased

    CRMLS: 19528750

    $1,550

    Price

  • Nov 13, 2019

    Date

    Price Change

    CRMLS: 19528750

    $1,650

    Price

  • Nov 9, 2019

    Date

    Active

    CRMLS: 19528750

    $1,695

    Price

  • Listing provided courtesy of CRMLS

    Beautiful newly remodeled spacious airy 1 Bedroom + 1 Bath located in quiet neighborhood. Unit features newly remodeled kitchen and bathroom with quartz countertops, large stainless-steel deep double-sink, stainless steel appliances, new flooring throughout, Air-Conditioner, pantry space, lots of storage space throughout unit, back door with patio, and much more. Centrally located with easy access of the 10 FWY and 110 FWY. Prime location, close to many restaurants, entertainment, Silver Lake, Koreatown, Downtown LA, USC, and more.

  • September, 2019

  • Sep 20, 2019

    Date

    Sold

    CRMLS: 19495454

    $2,320,000

    Price

  • Aug 2, 2019

    Date

    Active

    CRMLS: 19495454

    $2,545,000

    Price

  • September, 2019

  • Sep 12, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,320,000

    Price

  • April, 2008

  • Apr 22, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 979 S Ardmore Ave

Assessed Value (2020): $2,320,860
Year Land Value Improved Value Assessed Value
2020 $1,740,000 $580,860 $2,320,860

Home Value Compared to the Market

This property vs the competition

979 S Ardmore Ave sold on September 20, 2019 for 125.22% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $524.74 per/sqft which puts the price per square foot 30.41% lower than the current median sale per square foot for the city of Los Angeles.

About 979 S Ardmore Ave

Detailed summary of property

979 S Ardmore Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 4 bedrooms, 12 bathrooms, roughly 4,850 living square feet, and sits on an approximately 5,905 square foot lot. 979 S Ardmore Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,320,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 125.22% higher than the current median priced home. Local homes that are currently for sale include 2951 Francis Ave, 913 S Wilton Pl and 2885 Francis Ave. While the average home in Los Angeles, CA is selling in 99 days, 979 S Ardmore Ave has a days on market of 48 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 979 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 979 S Ardmore Ave

Public county record property details
Beds
4
Baths
12
Year built
1927
Sq. Ft.
4,850
Lot Size
5,905
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5080-031-006

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.
$598
Median Sold Price
$605,000
Median Sold Price/Sq.Ft.
$596
Total Inventory
43
Median Sale to List Price %
96.18%
Avg Days on Market
22
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 979 S Ardmore Ave

Nearby Homes for Sale

926 S Normandie Ave, Los Angeles, CA 90006
$1,995,000
9 Beds
6 Baths
4972 Sq.Ft.
926 S Normandie Ave
Los Angeles, CA 90006
1139 S Kingsley Dr, Los Angeles, CA 90006
$2,500,000
12 Beds
10 Baths
2092 Sq.Ft.
1139 S Kingsley Dr
Los Angeles, CA 90006
1145 S Kingsley Dr, Los Angeles, CA 90006
$2,500,000
4 Beds
3 Baths
1665 Sq.Ft.
1145 S Kingsley Dr
Los Angeles, CA 90006
3106 San Marino St, Los Angeles, CA 90006
$2,495,000
42 Beds
21 Baths
4580 Sq.Ft.
3106 San Marino St
Los Angeles, CA 90006
1056 S Serrano Ave, Los Angeles, CA 90006
$2,100,000
18 Beds
17 Baths
4049 Sq.Ft.
1056 S Serrano Ave
Los Angeles, CA 90006
1142 S Mariposa Ave, Los Angeles, CA 90006
$2,600,000
10 Beds
9 Baths
4168 Sq.Ft.
1142 S Mariposa Ave
Los Angeles, CA 90006
1038 Dewey Ave, Los Angeles, CA 90006
$2,200,000
10 Beds
6 Baths
0 Sq.Ft.
1038 Dewey Ave
Los Angeles, CA 90006
910 S Catalina St, Los Angeles, CA 90006
$1,890,000
72 Beds
36 Baths
6116 Sq.Ft.
910 S Catalina St
Los Angeles, CA 90006
836 S Catalina St, Los Angeles, CA 90005
$2,250,000
8 Beds
8 Baths
5322 Sq.Ft.
836 S Catalina St
Los Angeles, CA 90005
837 S Berendo St, Los Angeles, CA 90005
$2,050,000
48 Beds
36 Baths
5732 Sq.Ft.
837 S Berendo St
Los Angeles, CA 90005
940 S Gramercy Pl, Los Angeles, CA 90019
$2,590,000
10 Beds
8 Baths
6412 Sq.Ft.
940 S Gramercy Pl
Los Angeles, CA 90019
838 S Gramercy Pl, Los Angeles, CA 90005
$2,590,000
11 Beds
8 Baths
6324 Sq.Ft.
838 S Gramercy Pl
Los Angeles, CA 90005

Recently Sold Homes Near 979 S Ardmore Ave

960 S Kingsley Dr, Los Angeles, CA 90006
$1,330,000 Last Sold Price
9 Beds
5 Baths
-- Sq.Ft.
960 S Kingsley Dr
Los Angeles, CA 90006
3031 W Olympic, Los Angeles, CA 90006
$2,100,000 Last Sold Price
0 Beds
0 Baths
4324 Sq.Ft.
3031 W Olympic
Los Angeles, CA 90006
3288 San Marino St, Los Angeles, CA 90006
$1,210,000 Last Sold Price
4 Beds
5 Baths
2614 Sq.Ft.
3288 San Marino St
Los Angeles, CA 90006
1021 S Kingsley Dr, Los Angeles, CA 90006
$1,370,000 Last Sold Price
8 Beds
6 Baths
3672 Sq.Ft.
1021 S Kingsley Dr
Los Angeles, CA 90006

Related Resources to 979 S Ardmore Ave

New Listings in 90006
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote