$1,700,000
$150K PRICE DROP

Estimated payment $10,757/month

Total Views 1,024
6 Beds
10 Baths
4,830 Sq Ft
$352 Price per Sq Ft

Highlights

  • 1-Story Property
  • UCLA Community School Rated A-
  • 3-minute walk to Seoul International Park

About This Home

We are pleased to present 975 S Ardmore Ave, a well-maintained and gated 10-unitapartment community located in the heart of Koreatown--one of Los Angeles' most vibrant and high-demand rental submarkets. Built in 1925, this character-rich property offers a desirable unit mix consisting of Six (1 bedroom +1 bathroom) units & Four (Studio)units, spread across a 4,830 square foot building situated on a 5,905 square foot lot. Each unit is individually metered for gas and electricity, minimizing landlord expenses and providing efficient utility management. While the property offers street parking only, its central location provides convenient access to public transportation, shops, restaurants, and major employment centers. Several of the units have undergone minor interior upgrades, including laminate flooring, modernized kitchen and bathroom cabinetry, and updated tile flooring in both kitchens and bathrooms offering a solid foundation for further value-add improvements. With significant upside in rents, this property presents an exceptional investment opportunity for value-add investors seeking stable cash flow with the potential for future growth. Don't miss your chance to own this charming multifamily asset in one of Los Angeles' most sought-after rental corridors.

Listing Agent

Derrick Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01816119 Listed on: 07/22/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Daniel Pirian

Lyon Stahl Investment Real Estate, Inc. License #02230349

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 5,907 Sq Ft Lot

Parking

  • On-Street Parking

Interior Spaces

  • 4,830 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5080-031-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4830
  • Lot Acreage: 0.1356
  • Stories: 1
  • Year Built: 1925
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 351.97

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 10.20
  • Assessed Improvement Value: 120178
  • Assessed Land Percent: 89.8
  • Assessed Land Value: 1057602
  • Total Assessed Value: 1177780
  • Assessor Parcel Number: 5080-031-005
  • Lot Size Area: 5907

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.25
  • Number Of Units: 10
  • Total Annual Expense: 58822
  • Type Of Units: 1+1 & Studio
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 Price Changed $1,700,000 -8.1% $352 / Sq Ft
07/22/2025 07/22/25 For Sale $1,850,000 -- $383 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25566695

The MLS