Residential Income In Los Angeles

Marcus & Millichap is exclusively offering 508 N Ardmore Ave, a five-unit investment property on the border of Koreatown and East Hollywood in Los Angeles, at $1,375,000. Built in 1916 on an 8,247 SF LAR3 lot, it has two buildings totaling 4,103 gross SF and 11 bedrooms: a 1,580 SF three-bedroom, two-bath Craftsman front house and a rear building with four two-bedroom, one-bath apartments. The property sits where Koreatown, East Hollywood and Wilshire Center meet. It has a Walk Score of 87 and a Transit Score of 65, and is about 0.6 miles from both the Vermont/Beverly Metro B Line station and LA City College. Kaiser Permanente, Children’s Hospital Los Angeles and Hollywood Presbyterian are all within about 1.4 miles, drawing a deep, employed renter base. Residents are close to the dining, retail and nightlife of Beverly Boulevard, Vermont Avenue and Melrose, as well as Thai Town and Koreatown.