Listed By:
HECTOR SALAS with NEW INNOVATION REAL ESTATE; 714-365-3139
Address
740 N Ardmore Avenue, Los Angeles, CA
Price
$ 1,249,000
Property Attributes
  • MLS#EV23190299
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90029
  • StyleQuadruplex
  • Price$ 1,249,000
  • Bedrooms8
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3654
  • Lot Size8,133 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Investors don't miss out on this 4 units property which can have high rental income potential with the right tenants. Located in the hearth of Hollywood, walking distance to the Los Angeles Community Collège. Access to shopping centers and public transportation. 3 units are currently rented under market value. One unit is under repairs and the owner has quotes if need to complete repairs. Two separate buildings, one is 1 story and the other is a 2 story. Don't wait make your offer now.

Price History
10/12/2023 Listed $1,299,000
11/11/2023 4% - $1,249,000

General Features

Sewer PublicSewer
Heating SeeRemarks
Cooling None
Utilities SeeRemarks
Possession CloseOfEscrow
Zoning LARD1.5
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1920
Tenant Pays Gas
View None
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 83448.0
Community Features Sidewalks
County Los Angeles
Net Operating Income 59335.0
Operating Expense 20508.0
Insurance Expense 1500.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Facing Direction South
Garage Y/N No
Other Structures Sheds
Special Listing Conditions NoticeOfDefault
Status Active
Directions South side of the 101 Fwy
City Los Angeles
Disclosures PrincipalisRealEstateLicensed,RentControl,REAP
Entry Location 1
View Y/N No
Senior Community Y/N No
Total Units 4
MLS Area C20 - Hollywood
Lot Size Square Feet 8131.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Ardmore
Spa Features None
Property Attached Y/N No
Land Lease Y/N No
Electric Expense 9000.0
Home Warranty Y/N No
Current Financing VA
Fuel Expense 1200.0
Property Condition RepairsMajor
Trash Expense 500.0
Water Sewer Expense 500.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 31
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 7
Property Sub Type Additional Quadruplex
MobileHomeRemainsYN No

Interior Features

Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue
Laundry Features SeeRemarks
Entry Level 1
Electric On Property Y/N No

Exterior Features

Fencing None
Lot Features Item01UnitAcre
Water Source Public
Total Parking 0.0
Lot Size Area 8131.0
Foundation Details SeeRemarks
Number of Buildings 2
Spa No
Building Area Total 3654.0
Lot Size Acres 0.1867
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type CityStreet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90029

Price
AVG $1.92M
$1.25M
Visits
AVG 71
12
Data Provided by Inside Real Estate®
Year Built
AVG 1936
1920