Welcome to 1153 Ardmore, a 100% FULLY LEASED High End and Massive Brand New Construction Fourplex with an unheard of 6.45% cap rate, yearly gross income of $240,000 and an monthly gross income of $20,000. The area is booming with brand new construction buildings all around in the heart of… Read More Koreatown and there is room to add ADUS. The building is centrally located in Koreatown and is walkable to trendy new coffee shops, restaurants and just minutes walking to Olympic blvd and very close to Hollywood, Downtown, Crypto arena, USC, LA Coliseum (home to the 2028 Olympics), BMO Stadium, Mid-Wilshire, Hancock Park, and Westlake. With 2026 World Cup and 2028 Olympics coming soon, this site is very close to all the action. The building features Four-4 bd 4 bath ranging from 1,523 to 1,580 square feet each. Each unit feature's efficient open floor plans with huge bedrooms, closets, balconies and all units have a ton of natural light. The units features beautiful vinyl flooring with grey classy cabinets, quartz white countertops, large island. Moreover, each unit has stainless steel appliances, washer and dryer in unit, designer carrara shower tiles. Each unit is separately metered for all utilities to lower expenses for a buyer and easy to manage, very little expenses, low maintenance, plus the property comes with 1 year builders warranty. This property is perfect for investors, a dream opportunity for 1031 Buyers and anyone that wants to invest in a safe asset at an amazing price and in the heart of Los Angeles and it also features 8 parking spaces, an beautiful rooftop deck with amazing 360 views and solar panels! All units include Central Air Conditioning + Heating and a motorized gate. Great for entertaining, roommates, students, tourists and couples as the units have open floor plans with tons of light and minutes from the 10 freeway! The neighborhood has lots of brand new construction close by giving a modern and nice vibrant feel to the area. This property has a ton of benefits, some of which are including long-term appreciation along with Depreciation benefits ( buyer to consult with their CPA) Buyer to Verify all. Read Less
Courtesy of Keller Williams Hollywood Hills 310-623-1300
Listing Snapshot
Days Online
26
Last Updated
Property Type
Other
Beds
16
Square Ft.
6,206
Lot Size
0.14 Acres
Year Built
2024
MLS Number
26670401
30 Days Snapshot Of 90006
$811k
+63%
(avg) sold price
4
-50%
homes sold
80
-51%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Cable, Dishwasher, Dryer, Microwave, Ice Maker, Garbage Disposal, Freezer, Gas Dryer Hookup, Range/Oven, Refrigerator, Solar Panels, Washer
Building
6,206 sq ft, Built in 2024, Levels: Multi/Split
Cooling
Central
Disclosures
None
Garage
Covered Parking, Garage - 2 Car
Heating
Central
Lot
LotAcreage: 0.1357, LotSizeArea: 5,909
Parking
TotalParking: 8
Property
NumberOfUnits: 4, Zoning: LAR3
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