This Land Property is no longer advertised on LoopNet.com.

314 N Ardmore Ave
Los Angeles, CA 90004
REDUCED -RTI - 2 Duplexes + 1 ADU - 24 Bdrms! · Land For Sale · 0.17 AC

Investment Highlights

  • Ready-to-Issue Project for 2 Duplexes + ADU for 5 Units
  • Three of the units feature 6 bedrooms, one features 4 bedrooms and the ADU is a large 2 bedroom home!
  • Walk to the Metro Station, to dining, nightlife, shopping, restaurants, markets... everything and anything
  • 24 bedrooms Total in Project
  • Demolition Permit has been Issued!
  • Built on Grade - Low-Cost Design with no affordable units

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Dorms
  • Apartment Units - Senior
Total Lot Size 0.17 AC
No. Stories 1
Zoning R3-1 Tier 1 - RTI - 2 Duplexes plus ADU for total of 5 Units.

Description

REDUCED! Partners CRE is proud to exclusively present for sale a Ready-to-Issue project in Koreatown, on the border with East Hollywood. Consisting of two Duplexes plus an ADU for a total of 5 Units, this project features massive units that are well suited for large families or co-living set ups for students or young professionals. The project has only 5 units but 24 bedrooms! Three of the units feature 6 bedrooms, one features 4 bedrooms and the ADU is a large 2 bedroom home! Koreatown, sandwiched between Hollywood, Los Feliz, East Hollywood, Silver Lake and near Downtown has everything anyone could be looking for, including the possibility to walk to everything (Walk Score gives this area an 88, just shy of calling it a Walker’s Paradise). Walk to the Metro Station, to dining, nightlife, shopping, restaurants, markets… everything and anything. No need to Ellis, no need to relocate anyone…and no RSO to worry about. The Demolition Permit has already been issued! A low-cost design with no subterranean parking…but the design includes 7 open-air parking spaces. And no affordable units! Come build a money-maker in a neighborhood that is quickly becoming the place to be and is already a central job area!

Property Taxes

Property Taxes

Parcel Number
5521-034-008
Land Assessment
$1,102,824
Improvements Assessment
$275,706
Total Assessment
$1,378,530
  • Listing ID: 28702109

  • Date on Market: 6/8/2023

  • Last Updated:

  • Address: 314 N Ardmore Ave, Los Angeles, CA 90004

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