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1550-1560 S Ardmore Ave Los Angeles CA 1500-1560 S Ardmore Ave 5 Unit Apartment Building $964,000 ($192,800/Unit) 6% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Highly populated residential area (close to Korea Town and Downtown Los Angeles)
- Recent renovations and repairs (LAHD approved)
- Fully Occupied
- High demand area for rental properties
- Luxury Vinyl Plank (LVP) and Wood-Style Flooring Throughout Renovated Units
- Exceptionally Stable Tenant Base with Several Tenancies Exceeding 30 Years
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $964,000 | Apartment Style | Low-Rise |
| Price Per Unit | $192,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6% | Building Size | 7,105 SF |
| Gross Rent Multiplier | 11.19 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Zoning | R2, Los Angeles | ||
| Price | $964,000 |
| Price Per Unit | $192,800 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 11.19 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,105 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2025 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | R2, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 900 |
| 3+2 | 1 | - | 1,106 |
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5075-013-001 | Total Assessment | $919,446 (2025) |
| Land Assessment | $788,103 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $131,343 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5075-013-001
Land Assessment
$788,103 (2025)
Improvements Assessment
$131,343 (2025)
Total Assessment
$919,446 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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1550-1560 S Ardmore Ave Los Angeles CA | 1500-1560 S Ardmore Ave
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