John E Burge

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978 S Ardmore AvenueLos Angeles, CA 90006

Multi-Family · 3,962 Sq. ft. | 0.14 Acres
$1,680,000 Active

978 S Ardmore Avenue Overview

Time on Site:
27 days
Visits:
3

Location! Location! An excellent opportunity to own this 6 unit apartment property in the heart of Korea Town.A minute walking distance to banks, shopping, restaurants and transportation. All 2 bedrooms 1 bathroom, clean and well maintenance,zoning LAR4. There are a total of 6 parking spaces at the rear of the property. No Soft Story Earthquake Seismic Retrofit needed. Potential for ADU and storage units . This prime property is centrally located in Koreantown. Many shopping establishments and public transportation are with in walking distance. With the opening of Metro's D Line Extension Section 1, this expansion makes it easier to travel between Mid-Wilshire, Miracle Mile, Koreatown, Downtown Los Angeles and the wider Metro system with faster, traffic-free trips. Riders now have direct access to museums, jobs, healthcare, shopping and neighborhood destinations along one of the region’s busiest corridors. Upon Completion of Extension # 3, riders have potential traffic-free trips from KoreanTown to Westwood/UCLA area. Don't miss this chance to invest in a property with a solid rental history and potential for growth. Whether you're a seasoned investor or a new entrant into the market, this 6-unit gem offers an excellent foundation for building your real estate portfolio. Seize this opportunity to become a part of this thriving community and secure a valuable asset in a prime location! Please do not disturb tenants, drive by only..

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978 S Ardmore Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,962
  • Price/Sq.ft. $424
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: Community Apartment

Income/Expenses

  • Electric Expense: 500.0
  • Fuel Expense: 700.0
  • Gardener Expense: 1500.0
  • Gross Income: 109009.0
  • Gross Scheduled Income: 109009.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 2000.0
  • Net Operating Income: 76992.0
  • New Taxes Expense: 18000.0
  • Operating Expense: 32017.2
  • Trash Expense: 500.0
  • Water Sewer Expense: 12000.0

Listing Information

  • Contingency: Please do not disturb the occupancy, drive by only.

Building Information

  • New Construction: No
  • Year Built: 1962

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C17 - Mid-Wilshire
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Curbs,Street Lights

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash to New Loan
  • Parcel Number: 5080032016
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: LAR4

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 3962.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace Features: None
  • Fireplace: No
  • Laundry Features: Common Area
  • Stories Total: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Acres: 0.1354
  • Lot Size Area: 5900.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5900.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 6
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available

978 S Ardmore Avenue Neighborhood

Community

90006 (Los Angeles) Demographics

34
Median Age
30,503
Population Density (per sq. mile)
24%
College Educated
$37,375
Estimated Median Income
1,777
Estimated Total Home Owners
17,372
Estimated Total Renters
9% / 91%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

978 S Ardmore Avenue Monthly Cost

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$ %
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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

978 S Ardmore Avenue Market Data

Based on the last 30 days in this zip code

$804,658
Average List Price
$523
Average Price per Square Foot
10
Properties Sold
77
Average Days on Market
153
Properties for Sale
Calculations provided by Reliance Network

978 S Ardmore Avenue History

Date Event Value Agent
6/4/2026Source: CRMLS Status Change
Active
6/2/2026Source: CRMLS Added to Database
June 02, 2026
Listing provided courtesy of IRN RealtyFred Lam- MLS# AR26120331MLS ProviderContact Information: 626-447-5100
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