Take a part of the ever growing Koreatown rental market! We are pleased to showcase this exceptional opportunity to become either an Investor or a Developer. Encompass of 2 lots totaling 13,534 square feet of prime Koreatown land. OPTION # 1 : For THE INVESTORS in search of an opportunity to expand their real estate portfolio, we offer the buyers the ability to immediately renovate, design, and lease the existing 8 units (1 studio, 5 of 1 bed & 1 bath units and 2 of 2 bed & 1 bath units) and Single Family Home with a detached garage that can be converted to an ADU for extra income. PROFORMA MONTHLY RENTAL INCOME: Studio $1,700 * 1bed + 1 bath $2,200 * 2 bed + 1bath $2,800 * SFR $7,500 + $2,500 for Possible ADU. In exchange, the property is forecasted to attain a 5.11% cap rate, $339,600 GRI and 14.66% GRM post-renovation. Delivered 100% Vacant. OPNTION # 2 : For THE DEVELOPERS, the Property will be delivered with RTI Permits to acquire a 54-unit, seven-story development project with RTI(Ready to Issue) plans. The proposed development spans an impressive 40,000 square feet and comprises 54 units, R4-1 Zoning, TOC Tier 3. Delivered 100 % Vacant.
Property Details
Property Features
Property Information:
Year Built: 1922
Stories: 7
Living Area: 40,000 SqFt
Listing Office:
Office Name: NEOZIPS, Inc.
Office Phone: (661) 675-6000
Listing Agent: Jina Hee Chon
Exterior Features
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 0.31 Acres
Utilities
Utilities Information:
Heating: Central
School Info
Assigned Schools Information:
Rfk Community Schools-New Open World Academy K-12, Public District Grades KG-12
Rfk Community Schools-Ucla Community K-12, Public District Grades KG-12
Rfk Community Schools-Los Angeles High School of T, Public District Grades 9-12
Berendo Middle School, Public District Grades 6-8
Young Oak Kim Academy, Public District Grades 6-8
Studio, Public District Grades 6-8
Hobart Boulevard Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: On Ardmore. South of Wilshire Blvd. North of Olympic Blvd. West of Normandie Ave. East of Western Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $4,980,000
Price Per SqFt: $125/SqFt
Tax Information:
Annual Amount: $22,190
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $4.0M more than the Median Sold Price and $503/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24367837
Listing Office:
Office Name: NEOZIPS, Inc.
Office Phone: (661) 675-6000
Listing Agent: Jina Hee Chon
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 6:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$22,190
$1,855,020
2020
$14,775
$1,836,000
2019
$6,882
$564,619
2018
$6,737
$553,549
2017
$6,737
$542,696
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Hobart Boulevard Elementary School
980 S Hobart Blvd
Distance between this listing and this school0.24 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school3.20 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.61 miles
Public Magnet Grades 1-5
Middle School
3
/10
Berendo Middle School
1157 S Berendo St
Distance between this listing and this school0.54 miles
Public District Grades 6-8
4
/10
Young Oak Kim Academy
615 Shatto Pl
Distance between this listing and this school0.90 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.09 miles
Public District Grades 6-8
High School
4
/10
Rfk Community Schools-New Open World Academy K-12
3201 W 8th St
Distance between this listing and this school0.36 miles
Public District Grades KG-12
3
/10
Rfk Community Schools-Ucla Community K-12
700 S Mariposa Ave
Distance between this listing and this school0.41 miles
Public District Grades KG-12
4
/10
Rfk Community Schools-Los Angeles High School of T
701 S Catalina St
Distance between this listing and this school0.47 miles
Public District Grades 9-12
Assigned Schools
5
/10
Hobart Boulevard Elementary School
980 S Hobart Blvd
Distance between this listing and this school0.24 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school3.20 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.61 miles
Public Magnet Grades 1-5
Assigned Schools
3
/10
Berendo Middle School
1157 S Berendo St
Distance between this listing and this school0.54 miles
Public District Grades 6-8
4
/10
Young Oak Kim Academy
615 Shatto Pl
Distance between this listing and this school0.90 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.09 miles
Public District Grades 6-8
Assigned Schools
4
/10
Rfk Community Schools-New Open World Academy K-12
3201 W 8th St
Distance between this listing and this school0.36 miles
Public District Grades KG-12
3
/10
Rfk Community Schools-Ucla Community K-12
700 S Mariposa Ave
Distance between this listing and this school0.41 miles
Public District Grades KG-12
4
/10
Rfk Community Schools-Los Angeles High School of T
701 S Catalina St
Distance between this listing and this school0.47 miles
The neighbors living near this home have an average income of $24,430. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 927 S Ardmore Ave
What is the listing price of this property?
The listing price of 927 S Ardmore Ave property is $4,980,000.
What type of property is this?
The property 927 S Ardmore Ave is a house located in Los Angeles, California, 90006.
Is this property for sale now?
Active Listing: 927 S Ardmore Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 927 S Ardmore Ave are: Hobart Boulevard Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Berendo Middle School: GreatSchools Rating 3/10Young Oak Kim Academy: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Rfk Community Schools-New Open World Academy K-12: GreatSchools Rating 4/10Rfk Community Schools-Ucla Community K-12: GreatSchools Rating 3/10Rfk Community Schools-Los Angeles High School of T: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $22,190 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 927 S Ardmore Ave has 58 bathrooms..
What is the square footage of this property?
The property 927 S Ardmore Ave is 40,000 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 927 S Ardmore Ave is 1922.
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This home is located at 927 S Ardmore Ave in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 40,000 square foot home, which was built in 1922, sits on a 0.31 acre lot. Features: 58 bathrooms. It has been listed on Rocket Homes since March 13, 2024 and is currently priced at $4,980,000.
In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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