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1045 Ardmore Avenue, Los Angeles, CA 90029
Priced at Only: $3,695,000
For more Information Call Mobile: 714.478.6676
Address: 1045 Ardmore Avenue, Los Angeles, CA 90029
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  • MLS#: 25583171 ( )
  • Street Address: 1045 Ardmore Avenue
  • Viewed: 2
  • Price: $3,695,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 40
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90029
  • Provided by: Marcus & Millichap
  • Contact: Jason Jason
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Building Area Total
  1. 10780.00
Country
  1. US
Days On Market
  1. 97
Levels
  1. Two
Netoperatingincome
  1. 203228.00
Parcel Number
  1. 5537019028
Parking Features
  1. Uncovered
  2. Carport
Postalcodeplus4
  1. 2456
Sourcesystemkey
  1. 25583171:CLAW
Totalexpenses
  1. 84574.00
Year Built
  1. 1963
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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