1501 South Ardmore Avenue

Los Angeles, CA 90006

$1,295,000
Price
6
Beds
4
Baths
4,312 Sq. Ft.
$300 / Sq. Ft.
4,312
Sq. Ft.
$300
per Sq. Ft.

Description

Located in the heart of Los Angeles this well maintained gated fourplex sits on a whopping 7,050sqft lot- offering an abundance of opportunity. Situated on a corner lot and total living space of 4,312sqft- Live in one unit and take advantage of the steady income from other units or choose to rent out all four! The choice is yours and endless! Strategic ideal layout includes two 2-bedroom units and two 1-bedroom units. Each unit includes its own dining room, designated garage parking spot and in unit...Located in the heart of Los Angeles this well maintained gated fourplex sits on a whopping 7,050sqft lot- offering an abundance of opportunity. Situated on a corner lot and total living space of 4,312sqft- Live in one unit and take advantage of the steady income from other units or choose to rent out all four! The choice is yours and endless! Strategic ideal layout includes two 2-bedroom units and two 1-bedroom units. Each unit includes its own dining room, designated garage parking spot and in unit washer and dryer hookups. Each occupant enjoys their own privacy and convenience. Enjoy the spacious backyard; perfect for enjoying summer evenings and gatherings. Have a sense of community and feeling of "home"! Location. Location, location. Walkability and desirability. Conveniently located near the 10 Freeway, Normandie Recreation Center, public transportation, and a variety of restaurants and schools, this property is ideally situated. Central location to major attractions like Grammy Museum LA Live, the USC campus, Beverly Center Mall, Koreatown, and minutes from Downtown Los Angeles. Whether you're a first time home buyer, seasoned buyer, or investor this property unlocks potential and and opportunity! Don't hesitate to call and see what options are in store for you!
  1. Listed by Grace Kim • DRE #01904662 • Brokerage DRE #01873088 • JohnHart Real Estate • 818-272-5586

Property Details for 1501 South Ardmore Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4312
Assessor Parcel Number
5074-007-009
Property Attached YN
true
LISTING UPDATED: 09/18/2024 11:37 PM

Property Details for 1501 South Ardmore Avenue

StatusActive
MLS #SR24192511
Days on Market93
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.16 AC / 7,050 SF
CountyLos Angeles County

Building Information for 1501 South Ardmore Avenue

Stories2Residences-Year Built1922Building Size-Lot Size0.16 AC / 7,050 SF

Property Information for 1501 South Ardmore Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $48,720
  • Gross Scheduled Income: $48,720
  • Net Operating Income: $43,420
Expense Details
  • Operating Expense: $4,300
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,300
  • Trash Expense: $0
  • Water Sewer Expense: $3,000
  • Total Expenses: $5,300
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 2212.10
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 41
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Front door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,203
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,138
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,054
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $665
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1501 South Ardmore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1501 South Ardmore Avenue

Taxable ValueLand$482,910Additions$205,233Total$688,143
Tax Record2024$8,945 ($745 / month)
Home Facts
Total Finished SqFt4,312 SqFtAbove Grade Finished SqFt4,312 SqFtLot Size7,050 SqFtStyleQuadraplexYear Built1922ZoningLAR2CountyLOS ANGELESAPN5074-007-009

Schools near 1501 South Ardmore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Pio Pico Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1501 South Ardmore Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on September 9, 2024 by JohnHart Real Estate, it's currently listed at $1,295,000. It has been on the market for a total of 93 days and was last sold on December 31, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Pio Pico Middle School and West Adams Preparatory High School. 1501 South Ardmore Avenue is a 6-bed, 4-bath, 4,312 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JohnHart Real Estate, Grace Kim, DRE #01904662

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.