See Home Value
$1,350,000 - $1,650,000
Land - Off Market

314 N Ardmore Ave

Los Angeles, CA 90004
bedrooms
Studio
bathrooms
0 Bath
Sold Jul 14, 2022
$1,325,000
$3,075,000 by Anchor Loans Lp
Mortgage Due Feb 01, 2054
Sold Apr 30, 2014
$480,000
$360,000 by Ogi Mortgage Bankers
Mortgage Due May 01, 2044

About This Property

REDUCED!  We are proud to exclusively present for sale a Ready-to-Issue project in Koreatown, on the border with East Hollywood.  Consisting of two Duplexes plus an ADU for a total of 5 Units, this project features massive units that are well suited for large families or co-living set ups for students or young professionals.  The project has only 5 units but 24 bedrooms!  Three of the units feature 6 bedrooms, one features 4 bedrooms and the ADU is a large 2 bedroom home!  Koreatown, sandwiched between Hollywood, Los Feliz, East Hollywood, Silver Lake and near Downtown has everything anyone could be looking for, including the possibility to walk to everything (Walk Score gives this area an 88, just shy of calling it a Walker's Paradise).  Walk to the Metro Station, to dining, nightlife, shopping, restaurants, markets everything and anything.  No need to Ellis, no need to relocate anyoneand no RSO to worry about.  The Demolition Permit has already been issued!  A low-cost design with no subterranean parkingbut the design includes 7 open-air parking spaces.  And no affordable units!  Come build a money-maker in a neighborhood that is quickly becoming the place to be and is already a central job area!
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1915

Price History

Date / Event Date Event Price
Jan 24, 2024 No longer available -
No longer available
Nov 17, 2023 Relisted $1,500,000
Relisted
Sep 23, 2023 In contract -
In contract
Jul 29, 2023 Price Decreased $1,500,000
↓ $150K (9.1%)
Price Decreased
Jun 8, 2023 Listed $1,650,000
Listed
Show More

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,349
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 490
  • Total Building Area: 1,130
  • Building Area: 1,130
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,130
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LA PALOMA ADD
  • Land Acres: 0.169
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LA PALOMA ADD LOT/SEC 6 BLK/DIV/TWN 25

Ownership

  • Current Owner : LA-AMR ARDMORE LLC
  • Previous Owner : LEE
  • Previous Owner 2: JEEEUN
  • Owner Before Previous Owner: HAMDANI HAMDANI
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 192520

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 34-E6
  • Parcel: 5521-034-008
  • Block: 25
  • Lot: 6
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0768
  • Longitude: -118.302

    Address

  • Full Address: 314 N Ardmore Ave
  • Address - House Number: 314
  • Street Direction: N
  • Address - Street Name: Ardmore
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C034
  • 4-Digit Zip Code: 4414
  • Zip Code: 90004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,679
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 96
  • Final Value: 1,440,286
  • High Value: 1,537,882
  • Low Value: 1,342,689

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,075,000
  • First Open Lien Mortgage Lender: ANCHOR LOANS LP
  • First Open Lien Mortgage Recording Date: Feb 01, 2024
  • First Open Lien Mortgage Loan Amount: $3,075,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,325,000
  • Assessed Land Value: $1,060,000
  • Assessed Improvements Value: $265,000

    Sales

  • Current Sale Contract Date: Jun 29, 2022
  • Current Sale Recording Date: Jul 14, 2022
  • Current Sale Transaction ID: 11891801559
  • Current Sale Price: $1,325,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 723840
  • Previous Sale Recording Date: Apr 30, 2014
  • Previous Sale Contract Date: Mar 31, 2014
  • Previous Sale Amount: $480,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ANCHOR LOANS LP
  • First Mortgage Transaction Date: Jul 14, 2022
  • First Mortgage Loan Amount: $1,106,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: OGI MORTGAGE BANKERS
  • Previous Mortgage Transaction Date: Apr 30, 2014
  • Previous Mortgage Loan Amount: $360,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2044



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
-
3,314 ft²
$450/ft²
$1,490,000 Oct 20, 2023
-
-
House
4 Beds
3 Baths
1,700 ft²
$870/ft²
$1,479,000 Jun 20, 2023
-
-
House
3 Beds
3.5 Baths
1,991 ft²
$650/ft²
$1,295,000 Oct 17, 2023
-
$309/mo
Multifamily
3 Beds
3 Baths
2,496 ft²
$681/ft²
$1,700,000 Aug 28, 2023
-
-
Multifamily
4 Beds
6 Baths
3,704 ft²
$351/ft²
$1,299,098 Jun 12, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 314 North Ardmore Avenue built and last sold?
The property at 314 North Ardmore Avenue was built in 1915 and last sold on Jun 29, 2022 for $1,325,000.
How much is this home worth?
The estimated value of the home located at 314 North Ardmore Avenue is $1,666,500.
What are some comparable homes to 314 North Ardmore Avenue?
Homes that are comparable to 314 North Ardmore Avenue include a other property at 947 North Ardmore Avenue, a house property at 806 North Oxford Avenue, 122 North Manhattan Place.

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