CHANCE TO OWN A FOURPLEX INVESTMENT IN THE HEART OF LOS ANGELES. Welcome to 1501 S. Ardmore Avenue! A gated fourplex , spanning 4,312 square feet, ideally situated on a generous 7,050-square-foot corner lot between Pico and Venice Boulevards. This rare offering combines classic Los Angeles charm… Read More with significant income potential and value-add opportunities. The property features four spacious 1-bedroom, 1-bathroom units (approximately over 1,000 sf each), designed with a formal dining room, in-unit laundry hook-ups, and dedicated garage parking. The two-story layout ensures maximum privacy and comfort for all occupants. Additional highlights include a detached four-car garage and a large fenced backyard. Currently, all units are tenant-occupied, providing immediate cash flow and the flexibility to transition to market rates. Current rents are below market value, offering a savvy investor the perfect chance to increase yield and build equity. Centrally located just minutes from USC, Koreatown, and Downtown LA, the property offers easy access to the 10 and 110 freeways, as well as a vibrant array of local dining, shopping, and schools. Whether you are an experienced investor looking for a reliable asset or an owner-user planning to "house hack" by living in one unit while renting the others, this property represents a premier opportunity in one of L.A.'s high-demand neighborhoods. Zoning R2-1-HPOZ. Read Less
Property listed by Realtyworld Group, John Bae 323-735-3779
Listing Snapshot
Days Online
17
Last Updated
Beds
4
Square Ft.
4,312
Lot Size
0.16 Acres
Year Built
1922
MLS Number
26823045
Additional Details
Appliances & Equipment
GasOven
Building
Built in 1922, Living area: 4312.0, 1 building, 2 stories, Levels: MultiSplit
Community
Gated
Heating
WallFurnace
Income
Gross Income: $4,394, Net Operating Income: $38,096
Interior Features
CeilingFans
Laundry
None
Lot
0.1619 acres
Parking
Gated
Pool
None
Security Features
GatedCommunity
Taxes
Parcel Number: 5074007009, Zoning: LAR2
Tenant Pays
CableTv, Gas, TrashCollection
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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