1153 S Ardmore Avenue, Los Angeles, CA 90006

Welcome to 1151 Ardmore! This Brand New Built Construction Modern Fourplex in Koreatown is fully 100% FULLY LEASED with a unheard of 6.45% cap rate and monthly income of $20,000 and a gross income of $240,000 and a net income of $193,734 yearly. The building is centrally located and is walkable to trendy new coffee shops, restaurants and just minutes walking to Olympic blvd and very close to Hollywood, Downtown, Crypto arena, USC, LA Coliseum, BMO Stadium, Mid-Wilshire, Hancock Park, and Westlake. With 2026 World Cup and 2028 Olympics coming soon, this site is very close to all the action. The Fourplex features 8 parking spaces, brand new Stainless steel appliances, a rooftop deck with amazing 360 views and solar panels! All units include Central Air Conditioning + Heating and a motorized gate. Great for entertaining, roommates, students, families, tourists and couples as the units have open floor plans with tons of light and minutes from the 10 freeway! Great location that has several brand new construction buildings completed on the same block, and rapidly growing. Comes with a 1 year builders warranty, easy to manage, low maintenance, separately metered for all utilities, very little expenses with an unheard of 6.45% cap rate. There is a sold comp nearby for $3,500,000 making this deal very attractive! Buyer to Verify all.