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Courtesy of: Shield CRE, Inc., Jonathan Nikfarjam
Listing Sold By: REDD
Local Realty Services Provided By: Keller Williams Realty Larchmont
/ CA / Los Angeles / Melrose Heights / 508 N Ardmore Ave
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/ CA / Los Angeles / Melrose Heights / 508 N Ardmore Ave
508 N Ardmore Ave, Los Angeles, CA 90004
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/ CA / Los Angeles / Melrose Heights / 508 N Ardmore Ave

508 N Ardmore Ave, Los Angeles, CA 90004

Estimation provided by Keller Williams Realty, LLC.
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Property Description

-Located 1.5 Miles from Larchmont & 3.5 Miles from Downtown Los Angeles -Close Proximity to Dining, Retail Shopping, & Entertainment of Koreatown & Hollywood -Outstanding Unit Mix of Three-Bedroom Plus Den House & Two-Bedroom Units -Four of the Units Were Built in 1987 -Large 8,247-Square Foot Lot Zoned R3 - Presents Redevelopment Opportunity -Convenient Access to Metro Stations & Freeways - Immediate Transit to Employment Hubs of Los Angeles & Downtown -Fully Remodeled Three-Bedroom Plus Den House with Private Front Yard -Partial Copper Plumbing, Eight Parking Spaces, On-Site Laundry Facility, & Security Camera System -Four of the Five Units Have Been Remodeled -Over 22% in Rental Upside -Current Cap Rate of 5.50% & Current GRM of 12.69 -Pro-Forma Cap Rate of 7.19% & Pro-Forma GRM of 10.35

Property Details

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Overview
Property Type
Residential Income
Property Size
sq ft
Year Built
1916
Days on Site
1,717 Days
Parking
8 Parking Spaces
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Activity History

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/ CA / Los Angeles / Melrose Heights /

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