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Property Description

Renovated 13-unit building cash flowing at an amazing 5.25% Cap Rate from day 1 with 41% upside to an 8.2% Cap on Proforma! Attractively priced at only $348/SF and $288k/door with a large unit mix consisting of 3 (2bed/2bath) units, 9 spacious (1bed/1bath) units, and 1 (studio/1bath) unit. Majority of the units (7) have been renovated including 2 brand-new attached ADUs. Amenities include gated entry, communal laundry room, large balconies, large patios, as well as 9 parking spaces (4 of which have not been officially assigned and maybe rented for additional income). Many units boast updated cabinets, flooring, lighting, bathrooms, and significant exterior improvements including soft-story retrofit. Prime East Hollywood location just minutes away from the Vermont/Santa Monica Metro station, Silverlake, Hollywood, West Hollywood as well as many hip neighborhood attractions, restaurants, bars, and shops such as Hollywood Walk of Fame, Griffith Observatory, Cara Hotel, Saffy’s Restaurant, Courage Bagels, and many more.

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Additional Information
Marcus & Millichap
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CLW-X92444
CLW-X75151
Jason
5537019028
: Standard
Two
32

Multi-Family For Sale

1045 Ardmore Avenue, Los Angeles, California 90029

10,780 Sqft
$3,750,000
Listing ID #25583171
Basic Details
Status : Active
DaysOnMarket : 22
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 25583171
Price : $3,750,000
Living Area : 10,780 Sqft
Lot Size : 9,024 Sqft
Year Built : 1963
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90029
Price Per Square Foot : $348
ModificationTimestamp : 2025-09-02 05:26:32
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