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975 S Ardmore Ave, Los Angeles, CA 90006

List Price: $1,850,000On Market FlagOn market
Jul 22, 20254,830 sqft6 beds10 baths
Listed by: Derrick Vartanian
License #: 01816119
Phone #: 310-341-4872
Lyon Stahl Investment Real Estate, Inc.
Source:
CRMLS Logo
MLS #: 25566695

Property Description

We are pleased to present 975 S Ardmore Ave, a well-maintained and gated 10-unitapartment community located in the heart of Koreatown--one of Los Angeles' most vibrant and high-demand rental submarkets. Built in 1925, this character-rich property offers a desirable unit mix consisting of Six (1 bedroom +1 bathroom) units & Four (Studio)units, spread across a 4,830 square foot building situated on a 5,905 square foot lot. Each unit is individually metered for gas and electricity, minimizing landlord expenses and providing efficient utility management. While the property offers street parking only, its central location provides convenient access to public transportation, shops, restaurants, and major employment centers. Several of the units have undergone minor interior upgrades, including laminate flooring, modernized kitchen and bathroom cabinetry, and updated tile flooring in both kitchens and bathrooms offering a solid foundation for further value-add improvements. With significant upside in rents, this property presents an exceptional investment opportunity for value-add investors seeking stable cash flow with the potential for future growth. Don't miss your chance to own this charming multifamily asset in one of Los Angeles' most sought-after rental corridors.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$18,447

TurboHome Estimated Value

$1,539,900

$319 sqft

High Valuation
$1,616,895
$335/sqft
Normal Valuation
$1,539,900
$319/sqft
Low Valuation
$1,462,905
$303/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$319/sqft$1,539,900

Location

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