NOT LISTED FOR SALE

1120 N Ardmore Ave Los Angeles, CA 90029

East Hollywood Neighborhood
8 Beds
-- Bath
3,744 Sq Ft
4,092 Sq Ft Lot

Last Sold November 10, 2021

Last sale price $950,000 $254 Per Sq Ft

29 Days on Market

About This Home

As of November 2021

Here is your opportunity to own an income-producing 5 unit multifamily investment property located in the Little Armenia District. This property still has the ability to create tremendous upside potential! Nestled between Hollywood Blvd. and Santa Monica Blvd., nearby schools and walking distance to shopping, dining, and entertaining. And minutes away from LA City Community College, Sunset Gower Studios, Children Hospital Los Angeles, CHA Hollywood Presbyterian Hospital. The seller has recently replaced the roof and updated the new stairway. This property shall be sold "as-is".

Last Agent to Sell the Property

Rich Chow

Gotham Elite Properties License #01934980 Listed on: 09/02/2021

Last Buyer's Agent

Rich Chow

Gotham Elite Properties License #01934980 Listed on: 09/02/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,092 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,744 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms

Listing and Financial Details

  • Legal Lot and Block 11 / B
  • Tax Tract Number 1911
  • Assessor Parcel Number 5537017020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,608
  • Maintenance Expense $13,404
  • Other Expense $1,601
  • Water Sewer Expense $4,743
  • Operating Expense $17,614
  • Gross Income $53,616
  • Net Operating Income $36,002

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 626-226-3462
  • Price Per Unit: 195000
  • Property Attached: Yes
  • Water Sewer Expenses: 4743.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5537017020
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 253.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4092.00
  • Lot Size Acres: 0.0939

Multi Family

  • Gross Income: 53616.00
  • Gross Operating Income: 53616.00
  • Gross Scheduled Income: 53616.00
  • Insurance Expense: 2608.00
  • Lot Size Area: 4092.0000 Square Feet
  • Maintenance Expense: 13404.00
  • Net Operating Income: 36002.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 17614.00
  • Other Expense: 1601.00
  • Other Expense Description: Fire Ins
  • Rent Control: Yes
  • Total Actual Rent: 4468.00
  • Total Expenses: 17614.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 1911.20
  • Tax Lot: 11
  • Tax Tract Number: 1911.2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $950,000 -2.6% $254 / Sq Ft
10/01/2021 10/01/21 For Sale $975,000 +2.6% $260 / Sq Ft
09/06/2021 09/06/21 Off Market $950,000 -- --
09/02/2021 09/02/21 For Sale $975,000 -- $260 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rich Chow

    Seller's Agent in 2021

    Rich Chow

    Gotham Elite Properties

    (626) 226-3462

    2 in this area

    27 Total Sales

    Rich Chow
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21194272

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90029 East Hollywood

1120 N Ardmore Ave, Los Angeles, CA

This home is located at 1120 N Ardmore Ave, Los Angeles, CA 90029 since 02 September 2021. This property was built in 1923. 1120 N Ardmore Ave is a home located in Los Angeles County with nearby schools including Ramona Elementary School, Joseph Le Conte Middle School, and STEM Academy at Bernstein High.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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