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    686 S Ardmore Ave

    Los Angeles, CA 90005
    • $4,900,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: 20-613440
    $4,900,000
    • 20
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,976
      SQFT
    • $327
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:
    Area:

    School Ratings & Info

    Description

    Sellers say Sell it now! This is a LAR5. This property is ideal for a 1031 Buyer. 2 units been used by relatives or offices and will be vacant before closing Escrow. Now additionally 2 units recently vacant. Two entrances to two different garages structures. First time on the market since 1997. New Laundry room machines belong to the building for extra income. Long terms tenants. Each tenant pays monthly 1/16 of the trash bill and their SCEP fee. Furniture, piano, paintings. plants on vases and any and all decorations belong to owners and are NOT for sale. All units have walking closet. Seller is a Realtor with a valid and active Real Estate License. Seller will participate in a 1031 exchange at no cost to buyer. Buyer and Agent to do their own investigation, Property is sold AS IS. No repairs and no credits. No termites

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/108770649
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    686 S Ardmore Ave Los Angeles, CA 90005

    • Price: $4,900,000
    • Status: Active
    • ID#: 20-613440
    20
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    14,976
    SQFT
    $327
    $/SQFT
    1990
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Sellers say Sell it now! This is a LAR5. This property is ideal for a 1031 Buyer. 2 units been used by relatives or offices and will be vacant before closing Escrow. Now additionally 2 units recently vacant. Two entrances to two different garages structures. First time on the market since 1997. New Laundry room machines belong to the building for extra income. Long terms tenants. Each tenant pays monthly 1/16 of the trash bill and their SCEP fee. Furniture, piano, paintings. plants on vases and any and all decorations belong to owners and are NOT for sale. All units have walking closet. Seller is a Realtor with a valid and active Real Estate License. Seller will participate in a 1031 exchange at no cost to buyer. Buyer and Agent to do their own investigation, Property is sold AS IS. No repairs and no credits. No termites
    Exterior Features

    Covered Parking 25 Cross Streets Wilshire Blvd And Ardmore Ave Direction Faces West Entry Location Elevator Exterior Construction Stucco Garage Structures Total 2 Lot Size Area 6750 Other Structures None Parking Garage AssignedControlled EntranceDoor OpenerPrivateGarageGarage Is AttachedGatedGated UndergroundAbove Street LevelAttachedSubterr TandemCovered Parking Patio Features BalconyCovered Pool Description None Pool YN No Roof AsphaltConcreteFlatTile Spa None Spa YN No Style Contemporary Tennis Court None Tennis YN No Total Parking 25 View Description None View YN No Water Frontage None

    Interior Features

    Bathroom Features Low Flow Toilet(S)TileLinen ClosetShower And Tub Baths Total 20.00 Bedroom Features WalkinclosetMaster Bedroom Common Walls Attached Cooking Appliances GasCooktop - GasMicrowaveSelf Cleaning OvenRange Hood Cooling Air ConditioningCeiling FanCentralDual Den No Dining Room No Equipment Alarm SystemCableGarbage DisposalElevatorDryerDishwasherCeiling FanGas Dryer HookupHood FanIntercomMicrowaveRange/OvenWasher Family Room No Fireplace Rooms None Flooring CarpetCeramic TileLinoleumLaminateTile Heating CentralCombination Interior Features BasementBasement - Partial2 StaircasesElevatorBlock WallsCathedral-Vaulted CeilingsCommon WallsHigh Ceilings (9 Feet+)IntercomTandemSump Pump Kitchen Features Counter TopCorian CountersGranite CountersRemodeled Laundry CommunityLaundry Area Laundry Equipment Own Rooms Breakfast Bar Water Heater Features Central Water HeaterGas Windows Double Pane WindowsScreensTinted WindowsVertical Blinds

    Property Features

    Alley YN No Assessed Total Value 1150735 Disability Access None Gross Income 3500 Gross Operating Income 263473 Like Units1 4 Like Units2 4 Like Units3 4 Like Units4 4 Net Operating Income 178678.00 Number Of Buildings 1 Number Of Units 16 Owner Pays Water Property Condition No Additions/AlterRepair Cosmetic Rent Control YN No Sale Type Standard Security Features Automatic GateCarbon Monoxide Detector(S)Exterior Security LightsFire And Smoke Detection SystemFire SprinklersGatedSmoke DetectorResident ManagerPrewired For Alarm SystemOwnedT.V. Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Cable TvElectricityGasWaterTrash Collection Total Annual Expense 84290 TVServices Cable Tv Type Of Units Rental Water In StreetMeter On Property Water Heaters YN Yes Year Built Source Assessor Zoning Lar5

    Listing provided courtesy of Angelo Garcia DRE#01309791 of Jay Tsao.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377