We are pleased to present 917 N. Ardmore Avenue, a 10-unit multifamily investment opportunity located in the heart of Hollywood, ideally situated between Melrose Avenue and Santa Monica Boulevard. Built in 1959, the property offers an excellent unit mix comprising one (1) studio and nine (9) one-bedroom, one-bathroom units, totaling approximately 5,666 square feet of rentable space. The building is situated on a generous 9,050 square foot lot zoned LAR3, providing significant development potential. The units are distributed across two separate structures with ample on-site open parking. With nearly 25% rental upside, this offering presents a compelling value-add opportunity. A new owner can capitalize on below-market rents as units turn, while also exploring the potential to add additional units on the spacious R3-zoned lot. Priced at 11 times gross rent, attractive new acquisition financing is available.
Property Details
Price:
$2,200,000
MLS #:
25525603
Status:
Active
Baths:
0
Address:
917 N Ardmore Avenue
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
May 1, 2025
State:
CA
ZIP:
90029
Lot Size:
9,053 sqft / 0.21 acres (approx)
Year Built:
1959
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Schools
Interior
Appliances
Refrigerator, Gas Range
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Exterior
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Features
Assigned, Uncovered
Parking Spots
8.00
Pool Features
None
Security Features
Window Bars, Smoke Detector(s), Carbon Monoxide Detector(s)
Sewer
Other
Spa Features
None
Stories Total
2
View
City Lights
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address917 N Ardmore Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90029
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917 N Ardmore Avenue
Los Angeles, CA
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