NOT LISTED FOR SALE

740 N Ardmore Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,017,000 - $1,277,000

8 Beds
5 Baths
-- Sq Ft
8,131 Sq Ft Lot

Last Sold August 15, 2024

Last sale price $1,000,000

Est. 10% increase in value since last sale

Current estimated payment $8,304/month

140 Days on Market

About This Home

As of August 2024

GREAT Opportunity to own a multi family home with prime location close to freeway 101 and marathon st, walking distance to Los Angeles Community college. Access to shopping and public transportation. This features 4 units, 2 detached buildings. Front units are 2 bedrooms 1 bath. back units are a 1 bedroom one bath attached two story 3 bedroom 2 bath under construction ready for your final touches.

Last Agent to Sell the Property

Jenny Ybarra

New Innovation Real Estate License #02136775 Listed on: 03/13/2024

Last Buyer's Agent

Kevin Onyeyiriuche

Century 21 Affiliated License #01378711

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,503

Year Built

  • Built in 1920

Lot Details

  • 8,131

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • 8,131 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 5520001028

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $20,508

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,503

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: marathon st
  • Neighborhood: n/k
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1920
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: 12
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Complex Name: non

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 5520001028
  • Estimated Lot Sq Ft: 8131

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 20508
  • Annual Expense Actual: 3600
  • Gross Rent Multiplier Actual: 56745.0
  • Gross Sched Income Actual: 83448
  • Gross Sched Income Projected: 13200
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2025
Sold by
Nwokocha Uche Emilia
Bought by
Nwokocha Uche Emilia and Allison Denise Arlene
Current Estimated Value
$1,096,674

Purchase Details

Listed on
Mar 13, 2024
Closed on
Aug 8, 2024
Sold by
Jones Jason
Bought by
Nwokocha Uche Emilia
Seller's Agent
Jenny Ybarra
New Innovation Real Estate
Buyer's Agent
Kevin Onyeyiriuche
Century 21 Affiliated
List Price
$1,025,000
Sold Price
$1,000,000
Premium/Discount to List
-$25,000
-2.44%
Views
155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$793,800
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2016
Sold by
Alvarado Hernandez Joel Jose and Alvarado Joel
Bought by
Jones Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,375
Interest Rate
3.94%
Mortgage Type
VA

Purchase Details

Closed on
Jun 14, 2002
Sold by
Ortiz Angelita
Bought by
Alvarado Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,400
Interest Rate
6.12%

Purchase Details

Closed on
May 30, 1996
Sold by
Cutting Michael
Bought by
Ortiz Angelita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
4.62%
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Nwokocha Uche Emilia -- --
Nwokocha Uche Emilia $1,000,000 Pct
Jones Jason $800,000 Lawyers Title
Alvarado Joel $328,000 Stewart Title
Ortiz Angelita $215,000 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nwokocha Uche Emilia $793,800
Previous Owner Jones Jason $756,375
Previous Owner Alvarado Joel $334,000
Previous Owner Alvarado Joel $262,400
Previous Owner Ortiz Angelita $172,000
Closed Ortiz Angelita $21,500
Closed Alvarado Joel $49,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $1,000,000 0.0% --
05/10/2024 05/10/24 Price Changed $1,000,000 +900.0% --
05/10/2024 05/10/24 Price Changed $100,000 -89.7% --
04/27/2024 04/27/24 Price Changed $975,000 -4.9% --
03/13/2024 03/13/24 For Sale $1,025,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

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 $28,503 $1,000,000 $950,000 $50,000
2024 $28,503 $910,259 $546,155 $364,104
2023 $28,290 $892,412 $535,447 $356,965
2022 $27,741 $874,915 $524,949 $349,966
2021 $27,593 $857,760 $514,656 $343,104
2019 $16,557 $832,320 $499,392 $332,928
2018 $14,000 $816,000 $489,600 $326,400
2016 $5,137 $401,284 $293,626 $107,658
2015 $5,066 $395,257 $289,216 $106,041
2014 $5,110 $387,515 $283,551 $103,964
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jenny Ybarra

    New Innovation Real Estate

    (858) 302-7172

    1 in this area

    6 Total Sales

    Jenny Ybarra
    Section Image

  • K

    Buyer's Agent in 2024

    Kevin Onyeyiriuche

    Century 21 Affiliated

    (714) 974-4900

    1 in this area

    23 Total Sales

    Kevin Onyeyiriuche
    Section Image
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Map

Source: San Diego MLS

MLS Number: 240005398

San Diego MLS

APN: 5520-001-028

California Los Angeles County Los Angeles 90029 East Hollywood

740 N Ardmore Ave, Los Angeles, CA

This home is located at 740 N Ardmore Ave, Los Angeles, CA 90029 since 13 March 2024 and is currently estimated at $1,096,674. This property was built in 1920. 740 N Ardmore Ave is a home located in Los Angeles County with nearby schools including Alexandria Avenue Elementary School, STEM Academy at Bernstein High, and Helen Bernstein High School.

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