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$1,750,000

Beds
Unknown
sq ft
4,103

508 N Ardmore Ave, Los Angeles, CA 90004

508 N Ardmore Ave

Los Angeles, CA 90004

  • 151 days on market
We are pleased to present for sale this true Value-add investment opportunity located in the East Hollywood, Koreatown area of Los Angeles. 508 North Ardmore Avenue consists of one three (3) Bedroom, Two (2) Bath plus Den Single Family Residence along with four 2 Bedrooms, 1 Bathroom units. The 4 units were built in 1987 and appear to be Non-Rent Controlled apartments under Los Angeles City rent control. The Three Bedroom House has been remodeled and has a private yard and partial copper plumbing. There are 5 parking spaces, on-site laundry, individual hot water heaters, Central Heating and Air Conditioning and Security Camera System in place. Plenty of rental upside. Two units are currently vacant. Building square feet is approximately 4,103 and sits on a lot size of approximately 8,250 square feet of land. Zoned as LAR3. The subject property is in close proximity to Downtown Los Angeles, Hollywood, Silver Lake, Echo Park and Korea town and conveniently located near the 101 Freeway.

Details

Property type

Mixed Use

Est. home value

$2,221,427

Lot size

8,250 sq ft

Price per sq ft

$427

Year built

1916

Price History

04/23/2024
CRMLS

CRMLS #SR24080810

Listed
$1,750,000
+3.55%
11/19/2019
CLAW

CLAW #19506092

Sold
$1,690,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Luther Burbank Savings

Loan start date

September 2019

Original loan amount

$1,183,000

Est. remaining balance

Not provided

Interest rate

3.75%

Loan type

Commercial

Seller

Nader Dalili

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 1:40 AM

Listing updated: 04/23/2024 at 9:20 PM

Listed by: Salar Farshchi Tabrizi, Equity Union Phone #: (818) 989-2000

MLS: CRMLS #SR24080810

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