23
See all 23 photos
$3,895,000
Est. payment /mo
15 Beds
16 Baths
10,780 SqFt
New
1045 N Ardmore AVE Los Angeles, CA 90029
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,780 sqft
Price per Sqft $361
MLS Listing ID 25555877
Bedrooms 15
HOA Y/N No
Year Built 1963
Lot Size 9,021 Sqft
Property Description
Renovated 13-unit building cash flowing at an amazing 5% Cap Rate from day 1 with 41% upside to almost an 8% Cap on Proforma! Attractively priced at only $361/SF and $299k/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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Central, Wall Furnace
Cooling Central Air
Fireplace No
Appliance Microwave, Refrigerator
Exterior
Parking Features Assigned
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5537019028
Special Listing Condition Standard
Listed by Kian Maronde Marcus & Millichap