927 S Ardmore Ave
Los Angeles, CA 90006

3 Beds
58 Baths
40,000 Sq Ft
66 Days on Market

For Sale $4,499,000
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Courtesy of NEOZIPS, Inc.

Listing Agent & Comments

Jina Hee ChonNEOZIPS, Inc.
213-505-4900jinachonrealty@gmail.com License #02062088
Take a part of the ever growing Koreatown rental market! We are pleased to showcase this exceptional opportunity to become either an Investor or a Developer. Encompass of 2 lots totaling 13,534 square feet of prime Koreatown land. OPTION # 1 : For THE INVESTORS in search of an opportunity to expand their real estate portfolio, we offer the buyers the ability to immediately renovate, design, and lease the existing 8 units (1 studio, 5 of 1 bed & 1 bath units and 2 of 2 bed & 1 bath units) and Single Family Home with a detached garage that can be converted to an ADU for extra income. PROFORMA MONTHLY RENTAL INCOME: Studio $1,700 * 1bed + 1 bath $2,200 * 2 bed + 1bath $2,800 * SFR $7,500 + $2,500 for Possible ADU. In exchange, the property is forecasted to attain a 7.54% cap rate, $339,600 GRI and 13.25% GRM post-renovation. Delivered 100% Vacant. OPNTION # 2 : For THE DEVELOPERS, the Property will be delivered with RTI Permits to acquire a 54-unit, seven-story development project with RTI(Ready to Issue) plans. The proposed development spans an impressive 40,000 square feet and comprises 54 units, R4-1 Zoning, TOC Tier 3. Delivered 100 % Vacant.

Listing Broker Offer of Compensation is 2%.*
MLS# 24367837 • Data provided by CRMLS
*This offer of compensation is only eligible for participants of the MLS where the listing was filed.
Additional home details
Living Area40,000 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms3
Bathrooms58
Stories7
Year Built1922
Property TypeMulti Family
ZoningLAR4
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$47,823
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$4,667,856
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
Missing property details data
This property is missing data for:
Comparable properties and rental estimate
New
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HouseCanary, Inc. Brokerage

927 S Ardmore Ave., Los Angeles, CA 90006

Multi Family
3 Beds
58 Baths
40,000 Sq Ft
66 Days on Market

Listing Agent & Comments

Jina Hee ChonNEOZIPS, Inc.
213-505-4900jinachonrealty@gmail.com License #02062088
Take a part of the ever growing Koreatown rental market! We are pleased to showcase this exceptional opportunity to become either an Investor or a Developer. Encompass of 2 lots totaling 13,534 square feet of prime Koreatown land. OPTION # 1 : For THE INVESTORS in search of an opportunity to expand their real estate portfolio, we offer the buyers the ability to immediately renovate, design, and lease the existing 8 units (1 studio, 5 of 1 bed & 1 bath units and 2 of 2 bed & 1 bath units) and Single Family Home with a detached garage that can be converted to an ADU for extra income. PROFORMA MONTHLY RENTAL INCOME: Studio $1,700 * 1bed + 1 bath $2,200 * 2 bed + 1bath $2,800 * SFR $7,500 + $2,500 for Possible ADU. In exchange, the property is forecasted to attain a 7.54% cap rate, $339,600 GRI and 13.25% GRM post-renovation. Delivered 100% Vacant. OPNTION # 2 : For THE DEVELOPERS, the Property will be delivered with RTI Permits to acquire a 54-unit, seven-story development project with RTI(Ready to Issue) plans. The proposed development spans an impressive 40,000 square feet and comprises 54 units, R4-1 Zoning, TOC Tier 3. Delivered 100 % Vacant.

Listing Broker Offer of Compensation is 2%.*
MLS# 24367837 • Data provided by CRMLS
*This offer of compensation is only eligible for participants of the MLS where the listing was filed.
Additional home details
Living Area40,000 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms3
Bathrooms58
Stories7
Year Built1922
Property TypeMulti Family
ZoningLAR4
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$47,823
Property in Flood Zone--
We’ll connect you with top agents in your area.
Missing property details data
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $4,499,000
Request tour
Save
Courtesy of NEOZIPS, Inc.
927 S Ardmore Ave
Los Angeles, CA 90006

3 Beds
58 Baths
40,000 Sq Ft
66 Days on Market

Listing Agent & Comments

Jina Hee ChonNEOZIPS, Inc.
213-505-4900jinachonrealty@gmail.com License #02062088
Take a part of the ever growing Koreatown rental market! We are pleased to showcase this exceptional opportunity to become either an Investor or a Developer. Encompass of 2 lots totaling 13,534 square feet of prime Koreatown land. OPTION # 1 : For THE INVESTORS in search of an opportunity to expand their real estate portfolio, we offer the buyers the ability to immediately renovate, design, and lease the existing 8 units (1 studio, 5 of 1 bed & 1 bath units and 2 of 2 bed & 1 bath units) and Single Family Home with a detached garage that can be converted to an ADU for extra income. PROFORMA MONTHLY RENTAL INCOME: Studio $1,700 * 1bed + 1 bath $2,200 * 2 bed + 1bath $2,800 * SFR $7,500 + $2,500 for Possible ADU. In exchange, the property is forecasted to attain a 7.54% cap rate, $339,600 GRI and 13.25% GRM post-renovation. Delivered 100% Vacant. OPNTION # 2 : For THE DEVELOPERS, the Property will be delivered with RTI Permits to acquire a 54-unit, seven-story development project with RTI(Ready to Issue) plans. The proposed development spans an impressive 40,000 square feet and comprises 54 units, R4-1 Zoning, TOC Tier 3. Delivered 100 % Vacant.

Listing Broker Offer of Compensation is 2%.*
MLS# 24367837 • Data provided by CRMLS
*This offer of compensation is only eligible for participants of the MLS where the listing was filed.
Additional home details
Living Area40,000 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms3
Bathrooms58
Stories7
Year Built1922
Property TypeMulti Family
ZoningLAR4
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$47,823
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$4,667,856
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
Missing property details data
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $4,499,000
Request tour
Save
Courtesy of NEOZIPS, Inc.