1045 N Ardmore Avenue

Property Overview

Huge ~700k Price Reduction! Renovated 13-unit building cash flowing at an amazing 6.5% Cap Rate from day 1 with 39% upside to a 9.8% Cap on Proforma! Attractively priced at only $296/SF and $245k/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 (2 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.

Home Details

Property type: Residential Income
Year built: 1963
Living area: 10,780 sq ft
Lot size: 9,024 sq ft
Parking: 9 spaces
Stories: 2
Days on market: 8
MLS status: Active
Architectural style: Traditional
Zoning: LAR3

Features & Amenities

Parking

Gated

Community, Schools & Utilities

Utilities

Heating: WallFurnace

Browse more homes for sale in Los Angeles

Location & Neighborhood

Los Angeles, CA 90029

Open in Google Maps Open in Apple Maps

Frequently Asked Questions About 1045 N Ardmore Avenue

Property type: Residential Income

The current asking price is $3,195,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1045 N Ardmore Avenue. Our team will confirm availability and timing.

This 15 bedrooms and 16 bathrooms property offers approximately 10,780 square feet of living space. It was built in 1963. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.