917 N Ardmore AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90029
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,666 sqft
Price per Sqft $388
MLS Listing ID 25525603
Bedrooms 9
Year Built 1959
Lot Size 9,051 Sqft
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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Exterior
Parking Features Assigned,Uncovered
Pool None
View Y/N Yes
View City Lights
Building
Lot Description Rectangular Lot
Story 2
Sewer Other
New Construction No
Others
Special Listing Condition Standard