22
See all 22 photos
$3,695,000
Est. payment /mo
14 Beds
14 Baths
9,940 SqFt
New
1045 N Ardmore AVE Los Angeles, CA 90029
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,940 sqft
Price per Sqft $371
MLS Listing ID 25609141
Bedrooms 14
HOA Y/N No
Year Built 1963
Lot Size 9,025 Sqft
Property Description
We are pleased to present a thirteen (13) unit apartment building located at 1045 N Ardmore Avenue in Los Angeles, California. The subject property is located in a prime East Hollywood location, south of Santa Monica Boulevard and east of Western Avenue. Built in 1963, this 13-unit property is ideally located in a prime East Hollywood location adjacent to the highly desirable Silver Lake neighborhood. Priced attractively at just $284,231 per unit and $342 per square foot, this investment offers immediate cash flow with a solid cap rate of 5.50% from day one. It features an excellent unit mix that includes one studio, nine one-bedrooms, and three two-bedroom units, with seven of them recently renovated two of which are brand-new attached ADUs. Tenants enjoy a secure, gated environment with amenities such as a communal laundry room, large balconies and patios, and nine on-site parking spaces. Many units feature upgraded cabinets, flooring, lighting, and bathrooms, complemented by significant exterior enhancements including a completed soft-story retrofit.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Fireplace No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5537019028
Special Listing Condition Standard
Listed by Jason Tuvia Marcus & Millichap
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