
1151 S Ardmore Ave Los Angeles, CA 90006
Harvard Heights NeighborhoodEstimated payment $18,861/month
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
Keller Williams Hollywood Hills License #01949474 Listed on: 04/17/2025

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
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 | $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 |
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 |
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 |
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 |
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Source: The MLS
MLS Number: 25526899

APN: 5080-029-012
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