$3,695,000

1045 N Ardmore Avenue, Los Angeles, CA 90029

9,940 sqft

other
Built in 1963
9,148sqft lot
—— car garage
$372/sqft
Listed 19 days ago

Property Description

Price Reduction! Renovated 13-unit building cash flowing at an amazing 5.5% Cap Rate from day 1 with 40% upside to an 8.4% Cap on Proforma! Attractively priced at only $342/SF and $284k/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.

Listing Status:: Active
Date Added:: October 21, 2025 at 05:00AM
Listing Office:: Marcus & Millichap : 818-212-2700
Listing Agent:: Jason Tuvia : 818-212-2735
MLS ID:: CL25609141

County: Los Angeles

Zoning: LAR35537019028

This listing courtesy of Jason Tuvia, Marcus & Millichap

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Kingsley Elementary School

5200 Virginia Ave, Los Angeles, CA, 90029

Grades KG-5

0.13 miles away

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

0.83 miles away

Helen Bernstein High School

1309 N Wilton Pl, Los Angeles, CA, 90028

Grades 9-12

0.79 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.