Listing provided courtesy of Nelson Shelton Real Estate Era Powered - MLS# 24376255MLS Provider

947 N Ardmore AvenueLos Angeles, CA 90029

Multi-Family · 7 Beds · 3,314 Sq. ft. | 0.17 Acres

$1,500,000 Active

Overview

Time on Site:
11 days
Visits:
0

We are proud to present this fantastic 5 units income property with huge R3 zoning lot! Investors dream. A great location of Hollywood, walking distance to Santa Monica, shops and transportations, and nice neighborhood! The property consists of a 3 bedroom+2 bathroom home in front and a newer fourplex, each with 1 bed+ 1 bath. Units are well maintained with some upgrades. Updated electrical and mostly copper plumbing. There is on site laundry. There are 8 parking spaces in the rear of property.

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Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,314
  • Price/Sq.ft. $452
  • Lot 0.17 Acres

General

Association/HOA
  • Association: No
Income/Expenses
  • Gross Income: 100164.0
  • Net Operating Income: 48230.0
Building Information
  • New Construction: No
  • Year Built: 1920
Location/Region
  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C20 - Hollywood
Community/Development
  • Community Features: Gated
Rent/Lease Information
  • Tenant Pays: Electricity,Gas
General Information
  • Parcel Number: 5537024012
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: LAR3

Interior

Beds/Baths
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 5
  • Bedrooms Total: 7
Building Interior
  • Building Area Total: 3314.0
General Information
  • Appliances: Disposal
  • Entry Location: Living Room
  • Fireplace Features: Bath,Kitchen
  • Fireplace: Yes
  • Levels: Multi/Split
  • Living Area: 3314.0
  • Security Features: Gated Community
  • Stories Total: 1

Exterior

Parking Information
  • Parking Features: Carport
  • Parking Total: 8.0
Lot Information
  • Lot Size Acres: 0.1746
  • Lot Size Area: 7604.0
  • Lot Size Dimensions: 42x181
  • Lot Size Square Feet: 7604.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
General Information
  • Carport: Yes
  • Number Of Units Total: 5
  • Sewer: Other

Neighborhood

Community

90029 (Los Angeles) Demographics
36
Median Age
26,529
Population Density (per sq. mile)
39%
College Educated
$45,004
Estimated Median Income
1,442
Estimated Total Home Owners
12,185
Estimated Total Renters
11% / 89%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
2
Public
Kingsley Elementary
  • Grades: KG - 5
  • Enrollment: 365
2
Public
Lockwood Avenue Elementary
  • Grades: KG - 6
  • Enrollment: 393
1
Public
Ramona Elementary
  • Grades: KG - 6
  • Enrollment: 435
Middle Schools
2
Public
Lockwood Avenue Elementary
  • Grades: KG - 6 /
  • Enrollment: 393
1
Public
Ramona Elementary
  • Grades: KG - 6 /
  • Enrollment: 435
4
Public
Thomas Starr King Middle School Film and Media Magnet
  • Grades: 6 - 8 /
  • Enrollment: 2,098
High Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$1,324,848
Median Sales Price
$758
Median Price per Square Foot
18
Properties Sold
15
New on Market
70
Average Days on Market
27
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
4/4/2024Source: bridgeMLS Added to Database
April 04, 2024
4/3/2024Source: CRMLS Added to Database
April 03, 2024
4/3/2024Source: TheMLS (CLAW) Added to Database
April 03, 2024
8/4/2022Source: TheMLS (CLAW) Added to Database
June 24, 2022