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    1722 S Ardmore Ave

    Los Angeles, CA 90006
    • $965,000
    • STATUS: Active Under Contract
    • ON SITE: 24 days
    • MLS #: 21-754454
    Under Contract
    $965,000
    • 4
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,387
      SQFT
    • $285
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    1722 S Ardmore Ave. is a meticulously preserved California Craftsman 4 plex located in Historic Harvard Heights that has recently undergone an exterior facelift and offers major upside potential! This gated property features 4 oversized 1 bedroom units on a quiet street. 1 unit will be delivered vacant, offering immediate upside, while the other 3 will be delivered with tenants in place. Large backyard area offers a unique opportunity to build up to 2 ADUs and achieve above market returns, offering a potential 7.8% cap rate, while adding significant value to the property (buyer to verify)!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-24T23:42:36.89. 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.
    www.markwiseproperties.com/homes/118868969
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    1722 S Ardmore Ave Los Angeles, CA 90006

    • Price: $965,000
    • Status: Active Under Contract
    • MLS #: 21-754454
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,387
    SQFT
    $285
    $/SQFT
    1910
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    1722 S Ardmore Ave. is a meticulously preserved California Craftsman 4 plex located in Historic Harvard Heights that has recently undergone an exterior facelift and offers major upside potential! This gated property features 4 oversized 1 bedroom units on a quiet street. 1 unit will be delivered vacant, offering immediate upside, while the other 3 will be delivered with tenants in place. Large backyard area offers a unique opportunity to build up to 2 ADUs and achieve above market returns, offering a potential 7.8% cap rate, while adding significant value to the property (buyer to verify)!
    Exterior Features

    Direction Faces West Lot Size Area 6000 Other Structures None Parking Garage Driveway Style Craftsman Total Parking 4 View Description City View YN Yes

    Interior Features

    Baths Total 4.00 Cooling Wall/Window Equipment None Heating Wall Gas

    Property Features

    Assessed Total Value 884340 Gross Income 59592 Gross Operating Income 59592 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 39517.00 Number Of Buildings 1 Number Of Units 4 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 20075 Type Of Units 4 Water Heaters YN Yes Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Shaya Lowenstein DRE#01942326 of Keller Williams Larchmont.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-24T23:42:36.89. 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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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270