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1045 N Ardmore Ave

los angeles, CA 90029

$3,500,000

  • 15 BR
    approx. 10,780 SF

Interested? Let's Connect

3rd Price Reduction! Renovated 13-unit building cash flowing at an amazing 6% Cap Rate from day 1 with 37% upside to an 9% Cap on Proforma! Attractively priced at only $324/SF and $269k/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 may be 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.

Details

10,780 Sq Ft

0.2072 Private Acres Lot Size

investment

Built in 1963

MLS/Listing ID 26641735

2 Stories

13 Units

Amenities & Features

Parking - Gated

Style - Traditional

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TOTAL MONTHLY COST

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  • PRINCIPAL & INTEREST

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  • PROPERTY TAXES

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