$2,000,000

917 N Ardmore Avenue, Los Angeles, CA 90029

  • 5,666 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $353/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

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.

Listing Status:
Active
Date Added:
May 1, 2025 at 05:00AM
Listing Office:
Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:
William James : 310-600-9858
MLS ID:
CL25525603
  • A/C: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Parking: AssignedOtherUncovered Parking Space
  • General: Stucco
  • County: Los Angeles
  • Zoning: LAR35537024017
  • View: City Lights
  • Utilities: Other Water/Sewer
  • Water: Other
  • Sewer: Other

This listing courtesy of William James, Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kingsley Elementary School

5200 Virginia Ave, Los Angeles, CA, 90029

Grades KG-5

0.34 miles away

R

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

0.94 miles away

H

Helen Bernstein High School

1309 N Wilton Pl, Los Angeles, CA, 90028

Grades 9-12

0.93 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.

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