$1,680,000
978 S Ardmore Avenue, Los Angeles CA 90006
Multi-Family (6 Units)
Property type
3 days
On market
$424
Price per sqft
0 cars
Garage
1962
Year built
5,900 sqft
Lot size
Open Houses
Overview
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....
Listing provided by: Fred Lam DRE #01099825 626-447-5100, IRN Realty
Listing updated: Jun 4, 2026 at 11:15pm.
Last checked: Jun 5, 2026 at 12:00am
Source: CRMLS #AR26120331
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,947 | — | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $1,186 | — | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $1,510 | — | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $1,020 | — | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $1,468 | — | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $1,891 | — | $2,200 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 7
Separate Gas Meters: 7
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
15.4x
List Price / Annual Gross Rent
Cap Rate
4.58%
NOI / List Price
Gross Scheduled Income: $109,009
Operating Expense: $32,017
Net Operating Income: $76,992
Annual Operating Expenses
Electric: $500
Gardener: $1,500
Fuel: $700
Insurance: $2,000
Maintenance: $2,000
New Taxes: $18,000
Professional Management: $6,800
Supplies: $2,000
Trash: $500
Water / Sewer: $12,000
Workers Comp: $400
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Two To Five Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5080032016
Additional Parcels: No
Tax Lot: 18
Zoning: LAR4
Tax Block: 10
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Street Lights
Nearby Schools
Nearby schools around the 978 S Ardmore Avenue, Los Angeles, CA 90006. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,344,000
Total Interest
$1,714,198
Total Payment
$3,058,198
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,395
per month
Property History for 978 S Ardmore Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90006.
Similar Homes
Listings with similar prices to 978 S Ardmore Avenue