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- LoopNet Team
979 S Ardmore Ave
Los Angeles, CA 90006
12 BUNGALOW-STYLE UNITS - NON-RENT CONTROLLED · Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 4,850 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1927/1986 |
| Zoning | LAR4 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,850 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built/Renovated | 1927/1986 |
| Zoning | LAR4 |
AMENITIES
UNIT AMENITIES
- Disposal
ABOUT 979 S ARDMORE AVE , LOS ANGELES, CA 90006
KW Commercial is pleased to present 979 South Ardmore Avenue, a NON-RENT CONTROLLED, 12- unit bungalow-style courtyard apartment located in Koreatown (90006), one of LA’s most dynamic neighborhoods. The building was built in 1927 and consists of twelve units (12). Four (4) 1 Bedroom / 1 Bathroom units and eight (8) studio apartments. The property has significant upside potential in rents, make it an ideal investment for savvy investors who can expect good return on their investment. NON-RENT CONTROLLED – The City of LA had a program in the mid-1980’s allowing an owner to undergo particular interior renovations to the interior of units which in-turn transfers the status to a non-rent controlled property and making it EXEMPT from LA City’s rent control ordinance. The unit makeup is perfectly positioned with both Studios and One Bedroom units, which attract the area’s burgeoning GEN-Y demographic and feature functional layout, hardwood or updated tile floor. The common areas include a gated courtyard entry. 979 South Ardmore Avenue provides street parking only, however, the location boasts a Walk Score of 94, deemed a “Walker’s Paradise” and a Transit Score of 73, considered “Excellent Transit.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $1,212 | 380 |
| 1+1 | 4 | $1,484 | 450 |
PROPERTY TAXES
| Parcel Number | 5080-031-006 | Improvements Assessment | $634,312 |
| Land Assessment | $1,902,941 | Total Assessment | $2,537,253 |
PROPERTY TAXES
