$ 2,300,000
-
$2,300,000
Price -
14
Bed -
14
Bath -
9,320
SqFt
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About the Listing X8146116 - X89926
Fantastic 12 unit building that has been in the same family since it was built in 1958. The property features a desirable unit mix of 10 spacious (1Br+1Ba) units and 2 (2Br+2Ba) with an average unit size of 775 SF. Offered at under 11.29 GRM on current rents and under $250/SF, the property stands out as an excellent "value add" opportunity with appx. 56% upside in rents, NOT including ADU potential. The property has seismic retrofitting and tuck under and carport parking with ADU potential (Buyer to verify). A new roof was installed in 2025. Laundry and storage rooms in the rear. The property is located just south of Melrose Avenue in the heart of Melrose Hill. Excellent access to LA City College, as well as major employment and lifestyle hubs, including post-production studios, creative office corridors, and media companies, and is only minutes from Paramount Studios. Its central location provides convenient connectivity to Hollywood, Koreatown, Silver Lake and DTLA, making it highly attractive to professionals in the entertainment, tech, and creative sectors! With a Walk Score of 86 ("Very Walkable"), tenants enjoy easy access to nearby restaurants, cafes, and the Metro B Line. Call for a rent roll and marketing package.
Listing Highlights
Status
Active
Days on Site
45
Property Type
Multi-Family
MLS ®
26648059
Year Built
1958
Total Square Footage
9,320
Lot/Acreage
0.25
County
Los Angeles
Interior Details
- Bedrooms: 14
- Bathrooms: 14 Full
- Appliances: Oven-Gas
- Air Cond: Wall Unit(s)
- Heating: Wall,Natural Gas
- Fireplaces:
- Floor: Wood Laminate,Tile,Laminate,Mixed
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Low Flow Toilet(s),Low Flow Shower(s),Common Walls,2 Staircases,Storage Space,Tile Counters
- Water:
Exterior Details
- Garage Capacity: 6 car
- Parking Spaces: 12
- Zoning: LAR3
- Roof: Composition,Shingle
- Others:
- Sewer: In Connected and Paid
- Parking Features: Carport Detached,Assigned,Controlled Entrance,Covered Parking,Driveway Gate,Gated
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
543 N Ardmore Ave Los Angeles, CA 90004
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