1151 S Ardmore Ave Los Angeles, CA 90006
Harvard Heights NeighborhoodEstimated payment $19,173/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 |
|---|---|---|---|---|
| 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 Co | |
| Quit Claim Deed | -- | Chicago Title Company | |
| 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 | Future Advance Clause Open End Mortgage |
Source: The MLS
MLS Number: 25526899
APN: 5080-029-012
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.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 1144 S Kingsley Dr
- 1135 S Ardmore Ave
- 1204 S Ardmore Ave
- 1128 S Ardmore Ave
- 1153 S Kingsley Dr
- 1147 Irolo St
- 1145 S Kingsley Dr
- 1143 Irolo St
- 1139 S Kingsley Dr
- 1209 Irolo St
- 1229 S Kingsley Dr
- 1207 S Harvard Blvd
- 1229 S Harvard Blvd
- 1101 S Harvard Blvd Unit 303
- 1147 S Mariposa Ave
- 1205 S Mariposa Ave
- 1113 S Hobart Blvd
- 1029 S Normandie Ave
- 1057 S Hobart Blvd
- 2989 W 12th St