1501 S Ardmore Ave, Los Angeles, CA 90006
1501 S Ardmore Ave, Los Angeles, CA 90006
1501 S Ardmore Ave, Los Angeles, CA 90006
18
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$1,150,000
Est. payment /mo
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4 Beds
4 Baths
4,312 SqFt
Price Dropped by $50K

1501 S Ardmore Ave Los Angeles, CA 90006

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,312 sqft

Price per Sqft $266

MLS Listing ID 26823045

Bedrooms 4

Year Built 1922

Lot Size 7,052 Sqft

Acres 0.1619

Property Sub-Type Multi-Family

Property Description

CHANCE TO OWN A FOURPLEX INVESTMENT IN THE HEART OF LOS ANGELES. Welcome to 1501 S. Ardmore Avenue! A gated fourplex , spanning 4,312 square feet, ideally situated on a generous 7,050-square-foot corner lot between Pico and Venice Boulevards. This rare offering combines classic Los Angeles charm with significant income potential and value-add opportunities. The property features four spacious 1-bedroom, 1-bathroom units (approximately over 1,000 sf each), designed with a formal dining room, in-unit laundry hook-ups, and dedicated garage parking. The two-story layout ensures maximum privacy and comfort for all occupants. Additional highlights include a detached four-car garage and a large fenced backyard. Currently, all units are tenant-occupied, providing immediate cash flow and the flexibility to transition to market rates. Current rents are below market value, offering a savvy investor the perfect chance to increase yield and build equity. Centrally located just minutes from USC, Koreatown, and Downtown LA, the property offers easy access to the 10 and 110 freeways, as well as a vibrant array of local dining, shopping, and schools. Whether you are an experienced investor looking for a reliable asset or an owner-user planning to "house hack" by living in one unit while renting the others, this property represents a premier opportunity in one of L.A.'s high-demand neighborhoods. Zoning R2-1-HPOZ.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms Other

Interior

Heating Wall

Cooling Air Conditioning

Flooring Linoleum

Equipment Range/Oven, Ceiling Fan

Laundry None

Exterior

Parking Features Garage - 4+ Car, Garage Is Detached, Gated

Pool None

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Realtyworld Group

NEARBY SCHOOL & BUSINESS

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Herman Singh

Herman Singh

Broker

+1(718) 679-7822

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1501 S Ardmore Ave