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.
Property Details
Price:
$3,750,000
MLS #:
25555877
Status:
Active
Baths:
0
Address:
1045 N Ardmore Avenue
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Jun 23, 2025
State:
CA
ZIP:
90029
Lot Size:
9,022 sqft / 0.21 acres (approx)
Year Built:
1963
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Schools
Interior
Appliances
Microwave, Refrigerator
Cooling
Central Air
Heating
Wall Furnace, Central
Exterior
Parking Features
Assigned
Parking Spots
9.00
Stories Total
2
Financial
Map
Community
- Address1045 N Ardmore Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90029
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1045 N Ardmore Avenue
Los Angeles, CA
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