Marcus and Millichap is 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. The East Hollywood submarket in Los Angeles is a vibrant, diverse neighborhood known for its eclectic mix of cultures, historic architecture, and growing commercial activity. Bounded roughly by Hollywood to the west and Silver Lake to the east, East Hollywood is a dense, transit-friendly area with access to multiple Metro Red Line stations and major thoroughfares like Santa Monica and Vermont Boulevards. The submarket features a blend of older multi-family housing stock, newer mixed-use developments, and an emerging retail and restaurant scene. Its proximity to institutions like Los Angeles City College, Kaiser Permanente’s Los Angeles Medical Center, and Thai Town adds to its appeal for both residents and investors. 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 $299,000 per unit and$361 per square foot, this investment offers immediate cash flow with a solid cap rate of 5.01% 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. Nestled in a prime East Hollywood Location, this offering presents an excellent opportunity for an investor to capitalize on a solid initial cap rate of 5.01% on a property priced at just $299,000 per unit and $361 per square foot.