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843 S Ardmore Avenue

Los Angeles (City), CA 90005
  • $3,995,000
  • STATUS: Active
  • ON SITE: 184 Days
  • MLS #: SR24192209
UPDATED: 61 min ago
$3,995,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1989
County:

School Ratings & Info

Listing Agent(s): Brian Hatkoff of Hatkoff Investments (818-701-7789) and Archie Aiello of Aiello & Associates(818-772-1811)


Description

PRICE REDUCES OVER $200,000. Great 1031 property. Annual rents are at least $25,000 below market. Request OM from listing broker for complete details. Walking distance to Wilshire for the tenant. This is a great no frills newer building, just south of Wilshire. Solid rental area. Great potential for increased rents. This is one of the few buildings in the area with private parking for all units. Well maintained units with subterranean parking for tenants. Elevator to all floors. Center hallway plan. Individual hot water heaters. 16 parking spaces. Leased laundry machines on each floor. Each unit has its own hot water heater. AT&T entry system. Property is serviced with Spectrum for internet. Wall unit heating and Air conditioning.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-19T23:31:09.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/155263906
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843 S Ardmore Avenue Los Angeles (City), CA 90005

  • Price: $3,995,000
  • Status: Active
  • On Site: 184 Days
  • Updated: 61 min ago
  • MLS #: SR24192209
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1989
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
PRICE REDUCES OVER $200,000. Great 1031 property. Annual rents are at least $25,000 below market. Request OM from listing broker for complete details. Walking distance to Wilshire for the tenant. This is a great no frills newer building, just south of Wilshire. Solid rental area. Great potential for increased rents. This is one of the few buildings in the area with private parking for all units. Well maintained units with subterranean parking for tenants. Elevator to all floors. Center hallway plan. Individual hot water heaters. 16 parking spaces. Leased laundry machines on each floor. Each unit has its own hot water heater. AT&T entry system. Property is serviced with Spectrum for internet. Wall unit heating and Air conditioning.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 16 Parking Features AssignedControlled EntranceCoveredUndergroundOn SitePrivate Parking Total 16 Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat

Interior Features

Common Walls 2+ Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features UrbanGated Electric Expense 16500 Fuel Expense 0 Garage YN Yes Gross Income 355746 Gross Scheduled Income 355746 Insurance Expense 11464 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 20000 Net Operating Income 23211983 New Construction YN No New Taxes Expense 47940 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 0 Number Of Units Leased 15 Operating Expense 114479 Pest Control Expense 1330 Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Gated CommunitySmoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 9818 Utilities Sewer Connected Water Sewer Expense 0 Water Source Public Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-19T23:31:09.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Brian Hatkoff of Hatkoff Investments (818-701-7789) and Archie Aiello of Aiello & Associates(818-772-1811)