Proudly presenting 1125 S Ardmore Ave, an excellent investment opportunity primely situated smack dab in the heart of Koreatown! This well-maintained income property features 6 total units, all 1-bedroom, 1-bathroom apartment units that are generating a solid monthly rental revenue of $8,670. Two of the units have been completely remodeled, and the entire property has been meticulously cared for. The property is uniquely structured into 3 separate buildings, offering great parking convenience with 4 garages and a total of 6 parking spaces. Huge value-add potential! The rear building features four 1-car garages on the ground floor, offering an enticing opportunity to convert them into multiple ADUs for additional cash flow (Buyer to verify zoning and capacity with the city). Unbeatable location just minutes away from Koreatown's vibrant markets, restaurants, shopping, and entertainment hotspots. With easy and close access to the 10 Freeway, commuting and connecting to all major LA freeways is incredibly convenient. Perfect for savvy investors looking for immediate cash flow and high rental demand in a prime location!
| MLS # | 26855353 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 78 |
| Listing Provided By | Mi Jeong Kim | MiJeong Kim |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 3,528 |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 3 |
| Zoning | LAR3 |
| Acreage | 0.14 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $1,499,000 low | high Med: $1,395,000 sqft: 3,528 low | high Med: 2,310 $ / sqft: $425 low | high Med: $605 On site: 78 low | high Med: 96 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $1,499,000 low | high Med: $1,395,000 sqft: 3,528 low | high Med: 2,310 $ / sqft: $425 low | high Med: $605 On site: 78 low | high Med: 96 | |