1151 S Ardmore AVE, Los Angeles, CA 90006
1151 S Ardmore AVE, Los Angeles, CA 90006
1151 S Ardmore AVE, Los Angeles, CA 90006
1151 S Ardmore AVE, Los Angeles, CA 90006
1151 S Ardmore AVE, Los Angeles, CA 90006
1151 S Ardmore AVE, Los Angeles, CA 90006
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The Brandon Drew Group

The Brandon Drew Group

+1(909) 944-8800
$ 2,949,000
Est. payment | /mo

16 Beds

16 Baths

6,206 SqFt

Save
$ 2,949,000
Est. payment | /mo
Save

16 Beds

16 Baths

6,206 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,206 sqft

Price per Sqft $475

MLS Listing ID 26104714

Bedrooms 16

HOA Y/N No

Year Built 2024

Lot Size 5,911 Sqft

Property Description

Welcome to 1151 Ardmore, a 100% FULLY LEASED High End and Massive Brand New Construction Fourplex with an unheard of 6.56% cap rate, yearly gross income of $240,000 and an monthly gross income of $20,000 and a GRM of 12.28. The area is booming with brand new construction buildings all around in the heart of Koreatown and there is room to add ADUS. The building is centrally located in Koreatown with an amazing walk score of 92 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 2028 Olympics coming soon, this site is very close to all the action and there has been a ton of money invested in this are. 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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Covered, Door-Multi, Garage

Total Parking Spaces 8

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5080029012

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Daniel Lalezari Keller Williams Hollywood Hills #01949474

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Why The Brandon Drew Group?

THIS IS OUR PURPOSE .
 
Named for our son. Built for your family. The Brandon Drew Group is a family-run mortgage firm in Rancho Cucamonga, California, named in memory of Robert and Colleen Olivas's son Brandon Drew. What started as a way to honor him became a calling — to make sure every family who walks through our door is treated with the same patience, honesty, and care we wish for our own. The story behind the name →

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1151 S Ardmore AVE