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    1120 N Ardmore Avenue

    Los Angeles (City), CA 90029
    • $990,000
    • STATUS: Active Under Contract
    • ON SITE: 51 days
    • ID#: WS21100440
    Under Contract
    $990,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Here is your opportunity to own an income-producing 5 unit multifamily investment property located in the Little Armenia District. This property still has the ability to create tremendous upside potential! Nestled between Hollywood Blvd. and Santa Monica Blvd., nearby schools and walking distance to shopping, dining, and entertaining. And minutes away from LA City Community College, Sunset Gower Studios, Children Hospital Los Angeles, CHA Hollywood Presbyterian Hospital. The seller has recently replaced the roof and updated the new stairway. This property shall be sold "as-is".

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T00:28:37.57. 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 Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/117834486
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    1120 N Ardmore Avenue Los Angeles (City), CA 90029

    • Price: $990,000
    • Status: Active Under Contract
    • ID#: WS21100440
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1923
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Here is your opportunity to own an income-producing 5 unit multifamily investment property located in the Little Armenia District. This property still has the ability to create tremendous upside potential! Nestled between Hollywood Blvd. and Santa Monica Blvd., nearby schools and walking distance to shopping, dining, and entertaining. And minutes away from LA City Community College, Sunset Gower Studios, Children Hospital Los Angeles, CHA Hollywood Presbyterian Hospital. The seller has recently replaced the roof and updated the new stairway. This property shall be sold "as-is".
    Exterior Features

    Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Contingency The Buyer is Aware And Acknowledges That Seller intends To Perform An IRC Section 1031 Tax Deferred Exchange. Seller Requests Buyerã¢Â‚¬Â„¢S Cooperation in Such An Exchange And Agrees To Hold Buyer Harmless From Any And All ClaimsCostsLiabilitiesOr Delays in Time Resulting From Such An Exchange. The Buyer Agrees To An Assignment Of This Contract By The Seller. Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 53616 Gross Scheduled Income 53616 Insurance Expense 2608 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 13404 Net Operating Income 36002 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 17614 Other Expense 1601 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 4468 Trash Expense 0 Water Sewer Expense 4743 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Richard Chow of Gotham Elite Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T00:28:37.57. 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 Twiss Realty. Licensed in the State of California, USA.
     
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