1151 S Ardmore Avenue, Los Angeles, CA 90006
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1151 S Ardmore Avenue,Los Angeles, CA 90006
$2,999,999
- 16 Beds
- - Baths
- 6,206 sq. ft.
- Multi-family
- Active
Listed by: daniel lalezari
Office: keller williams hollywood hills
MLS#:CL26856673
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$2,999,999
- Price per sq. ft.:$483.4
About this home
Welcome to 1151 Ardmore, a 100% FULLY LEASED High End and Massive Brand New Construction Fourplex with an unheard of 6.45% cap rate, yearly gross income of $240,000 and an monthly gross income of $20,000 and a GRM of 12.49. The area is booming with brand new construction buildings all around in the heart of Koreatown and there is room to add ADUS. The building is centrally located in Koreatown and is walkable to trendy new coffee shops, restaurants and just minutes walking to Olympic blvd and very close to Hollywood, Downtown, Crypto arena, USC, LA Coliseum (home to the 2028 Olympics), BMO Stadium, Mid-Wilshire, Hancock Park, and Westlake. With 2026 World Cup and 2028 Olympics coming soon, this site is very close to all the action. The building features Four-4 bd 4 bath ranging from 1,523 to 1,580 square feet each. Each unit feature's efficient open floor plans with huge bedrooms, closets, balconies and all units have a ton of natural light. The units features beautiful vinyl flooring with grey classy cabinets, quartz white countertops, large island. Moreover, each unit has stainless steel appliances, washer and dryer in unit, designer carrara shower tiles. Each unit is separately metered for all utilities to lower expenses for a buyer and easy to manage, very little expenses, low maintenance, plus the property comes with 1 year builders warranty. This property is perfect for investors, a dream opportunity for 1031 Buyers and anyone that wants to invest in a safe asset at an amazing price and in the heart of Los Angeles and it also features 8 parking spaces, an beautiful rooftop deck with amazing 360 views and solar panels! All units include Central Air Conditioning + Heating and a motorized gate. Great for entertaining, roommates, students, tourists and couples as the units have open floor plans with tons of light and minutes from the 10 freeway! The neighborhood has lots of brand new construction close by giving a modern and nice vibrant feel to the area. This property has a ton of benefits, some of which are including long-term appreciation along with Depreciation benefits ( buyer to consult with their CPA) Buyer to Verify all....
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Home facts
- Year built:2024
- Listing ID #:CL26856673
- Added:3 day(s) ago
- Updated:July 11, 2026 at 06:34 PM
Rooms and interior
- Bedrooms:16
- Living area:6,206 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2024
- Building area:6,206 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$2,999,999
- Price per sq. ft.:$483.4
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Parking description:Covered
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at July 11, 2026New listings near 1151 S Ardmore Avenue
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