$ 2,000,000
-
$2,000,000
Price -
9
Bed -
10
Bath -
5,666
SqFt
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About the Listing X82195 - X93306,C138168
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.
Listing Highlights for 917 N Ardmore Ave
Status
Active
Days on Site
131
Property Type
Multi-Family
MLS ®
25525603
Year Built
1959
Total Square Footage
5,666
Lot/Acreage
0.21
County
Los Angeles
Area
Hollywood
Interior Details
- Bedrooms: 9
- Bathrooms: 10 Full
- Appliances: Gas/Electric Range, Refrigerator, Range/Oven
- Air Cond: Wall/Window
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Lot-Level/Flat,Lot Shape-Rectangular,Single Lot
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 50x181
- Zoning: LAR3
- Roof:
- Others:
- Sewer: In Street
- Parking Features: Assigned,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5537-024-017
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
917 N Ardmore Ave Los Angeles, CA 90029
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