1045 Ardmore Avenue, Los Angeles, CA 90029
  • MLS#: 25555877 ( )
  • Street Address: 1045 Ardmore Avenue
  • Viewed: 2
  • Price: $3,895,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90029
  • Provided by: Marcus & Millichap
  • Contact: Kian Kian
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Microwave
  2. Refrigerator
Building Area Total
  1. 10780.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Wall Furnace
  2. Central
Levels
  1. Two
Netoperatingincome
  1. 194981.00
Parcel Number
  1. 5537019028
Parking Features
  1. Assigned
Postalcodeplus4
  1. 2456
Sourcesystemkey
  1. 25555877:CLAW
Totalexpenses
  1. 86130.00
Year Built
  1. 1963
Zoning
  1. LAR3