1045 N Ardmore Avenue, Los Angeles, CA 90029
- $3,195,000
- 15
- BD
- 16
- BA
- 10,780
- SqFt
Listing courtesy of Listing Agent: Armin Soleimani (arminsoleimani@gmail.com) from Listing Office: Global Platinum Properties, Inc..
- List Price
- $3,195,000
- Status
- ACTIVE
- Days on Market
- 38
- Price Change
- ▼ $100,000 1785390835
- MLS#
- 26855071
- Subtype
- Residential Income
- Style
- Traditional
- Year Built
- 1963
- Bedrooms
- 15
- Bathrooms
- 16
- Living Area
- 10,780
- Lot Size
- 9,024
- Acres
- 0.21
- MLS Area Major
- Hollywood (C20)
Property Description
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.
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Additional Information
- Property Description
- Traditional
- Zoning
- LAR3
- Heating
- Wall Furnace
- Stories
- Two Levels
- Levels
- Two
- Parking Features
- Gated
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.