1045 N Ardmore Avenue, Los Angeles, CA 90029
List Price: $3.38M
Listing Status: Active
0Days on Market: 1
15 Bedrooms · 16 Bathrooms · 10,780 sq ft
Property Type: ResidentialIncome
Year Built: 1963
Lot Size: 9,024 sq ft
MLS Number: 26783127
About This Property
Huge 500k Price Reduction! Renovated 13-unit building cash flowing at an amazing 6.25% Cap Rate from day 1 with 37% upside to a 9.3% Cap on Proforma! Attractively priced at only $313/SF and $259k/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 may be 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.
Listing provided by: Julio Ruiz DRE #01911261 424-394-1030 ziuroiluj@gmail.com, Global Platinum Properties, Inc.
Source: CRMLS, MLS #: 26783127
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