1116 S Ardmore Ave, Los Angeles, CA 90006

Great investment opportunity to purchase a 6 unit multifamily property in Koreatown! The asset, built-in 1965, features Five (5) Two Bedrooms + One Bathroom unit, and One (1) One-Bedroom + One Bathroom Studio for a total of six units 1116 S Ardmore Ave consists of 4,450 Sq. Ft. and resides on a 5,903 Sq. Ft. lot. The property complies with the City of Los Angeles, and the Soft Story Retrofit has been completed (LADBS). 1116 S. Ardmore Ave is in desirable Koreatown between major thoroughfares, S Western Ave, Vermont Ave, W Pico Blvd, and W Olympic Blvd. 1116 S. Ardmore is poised to capitalize on the tremendous growth that Koreatown and adjacent areas continue to see. Furthermore, the subject property's transit-oriented and highly walkable (95 Walk score) location offers residents access to various entertainment venues, cultural destinations, dining options, and employers nearby. In addition, the lack of inventory in the immediate area and the value add component should entice even the most discerning investors. POTENTIAL INCREASED CASHFLOW: The structure behind the lot is approx. 850 Sq. Ft. and could potentially be used to build an ADU. (Buyer to verify with the city).