$3,260,000

Estimated payment $18,861/month

Total Views 1,846
16 Beds
16 Baths
6,575 Sq Ft
$496 Price per Sq Ft

About This Home

Welcome to 1151 Ardmore! This Brand New Built Construction Modern Fourplex in Koreatown is fully 100% FULLY LEASED with a unheard of 6.13% cap rate and a gross income of $240,000 yearly. The building is centrally located and is close to coffee shops, restaurants and just minutes walking to Olympic blvd and very close to Hollywood and Downtown. The Fourplex features 8 parking spaces, brand new Stainless steel appliances, a rooftop deck with amazing 360 views and solar panels! All units include Central Air Conditioning + Heating and a motorized gate. Great for entertaining, roommates, families, tourists and couples as the units have open floor plans with tons of light and minutes from the 10 freeway! Great location that has several brand new construction buildings completed on the same block, and rapidly growing. Comes with a 1 year builders warranty, low maintenance, separately metered for all utilities, very little expenses with an estimated unheard of 6.13% cap rate!

Listing Agent

Daniel Lalezari

Keller Williams Hollywood Hills License #01949474 Listed on: 04/17/2025

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,139

Year Built

  • Built in 2024

Home Design

  • Split Level Home

Interior Spaces

  • 6,575 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Covered Parking

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Solar Power System
  • 5,909 Sq Ft Lot

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5080-029-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,139

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 6575
  • Lot Acreage: 0.1357
  • Stories: 3
  • Year Built: 2024
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 16.00
  • Equipment: Cable, Dishwasher, Dryer, Microwave, Ice Maker, Garbage Disposal, Freezer, Gas Dryer Hookup, Range/Oven, Refrigerator, Solar Panels, Washer
  • Price Per S Q F T: 495.82

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Garage - 2 Car
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 4.26
  • Assessed Improvement Value: 41616
  • Assessed Land Percent: 95.74
  • Assessed Land Value: 936360
  • Total Assessed Value: 977976
  • Assessor Parcel Number: 5080-029-012
  • Lot Size Area: 5909

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.50
  • Number Of Units: 4
  • Total Annual Expense: 40000
  • Type Of Units: 4
  • Vacancy Rate: 100

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $12,139 $997,535 $955,087 $42,448
2024 $12,139 $977,976 $936,360 $41,616
2023 $11,910 $958,800 $918,000 $40,800
2022 $11,365 $940,000 $900,000 $40,000
2021 $905 $43,654 $28,511 $15,143
2020 $908 $43,207 $28,219 $14,988
2019 $887 $42,361 $27,666 $14,695
2018 $783 $41,531 $27,124 $14,407
2016 $735 $39,921 $26,072 $13,849
2015 $728 $39,322 $25,681 $13,641
2014 $754 $38,552 $25,178 $13,374
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 For Sale $3,260,000 +246.8% $496 / Sq Ft
09/03/2021 09/03/21 Sold $940,000 -4.0% $516 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $979,000 -- $537 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $940,000 Chicago Title
Quit Claim Deed -- Chicago Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,240,000 New Conventional
Closed $1,798,593 New Conventional
Closed $1,698,200 Construction
Closed $752,000 New Conventional
Source: Public Records

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Source: The MLS

MLS Number: 25526899

The MLS

APN: 5080-029-012