1128 S Ardmore Ave Los Angeles, CA 90006
Harvard Heights NeighborhoodEstimated payment $20,548/month
Highlights
- New Construction
- Laundry Room
- Central Heating and Cooling System
About This Home
1128, 1128 1/2, 1130 & 1130 1/2 S Ardmore Ave, Los Angeles CA 90006
Appraised at:$3,595,000
Property is fully leased with a great Cap rate of 5.865%.
Presenting a Clean Modern look BRAND NEW CONSTRUCTION Multi-family Investment 4 Unit Property.
Property’s breakdown is the following:
4Plex consists of 2 Duplexes; total of 4units
Mix of (2) 5 bedrooms & 5 bathrooms & (2) 5 bedrooms & 6 bathrooms
Total of 20 Bedrooms and 22 Baths
Total approx. Living sqft: 6,880 ( Not including 870 sqft Garage)
Total approx. Lot sqft: 5,903
Unit 1 sqft: 1,652.5
Unit 2 sqft: 1,652.5
Unit 3 sqft: 2,222.5
Unit 4 sqft: 2,222.5
Note:Property is fully leased with a great Cap rate of 5.865%.
All units are Quad-Level & separately metered for each utility service. This project is located in a hot rental area. Location, location, location! Multi family units are in high demand in this area. This project being Brand New Construction, these units are easy to lease out. Property has little to no maintenance; super convenient for the owner.
Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.
Listing Agent
First Family Homes Brokerage Phone: 562-417-2653 License #02051747 Listed on: 08/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,345
Year Built
- Built in 2024 | New Construction
Lot Details
- 5,903 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 7,750 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 11 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Additional Features
- Urban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 5080034022
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $10,000
- Operating Expense $25,000
- Gross Income $288,000
- Net Operating Income $263,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,345 | $1,025,100 | $820,080 | $205,020 |
| 2024 | $13,345 | $1,005,000 | $804,000 | $201,000 |
| 2023 | $629 | $35,515 | $28,244 | $7,271 |
| 2022 | $611 | $34,820 | $27,691 | $7,129 |
| 2021 | $594 | $34,139 | $27,149 | $6,990 |
| 2019 | $580 | $33,129 | $26,345 | $6,784 |
| 2018 | $502 | $32,480 | $25,829 | $6,651 |
| 2016 | $469 | $31,221 | $24,827 | $6,394 |
| 2015 | $463 | $30,753 | $24,455 | $6,298 |
| 2014 | $475 | $30,151 | $23,976 | $6,175 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | For Sale | $3,595,000 | 0.0% | $464 / Sq Ft |
| 02/18/2025 02/18/25 | For Rent | $1,500 | 0.0% | -- |
| 07/28/2023 07/28/23 | Sold | $1,005,000 | -4.3% | $850 / Sq Ft |
| 07/20/2023 07/20/23 | Pending | -- | -- | -- |
| 06/27/2023 06/27/23 | For Sale | $1,050,000 | -- | $888 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,005,000 | Provident Title Company | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $700,000 | Construction | |
| Open | $1,100,000 | New Conventional | |
| Previous Owner | $19,000 | Unknown | |
| Previous Owner | $22,700 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25186665
APN: 5080-034-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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