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RYAN STEELE

ryan.steele@lptrealty.com +1(818) 900-1859

$ 1,850,000

Est. payment | -/mo

9 Beds

10 Baths

5,666 SqFt

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$ 1,850,000

Est. payment | -/mo

Save Virtual Tour

9 Beds

10 Baths

5,666 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,666 sqft

Price per Sqft $326

MLS Listing ID 26935633

Style Mid-Century

Bedrooms 9

Year Built 1959

Lot Size 9,053 Sqft

Acres 0.2078

Property Sub-Type Multi-Family

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 Hollywood

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type None

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Assigned

Garage Spaces 9.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Building

Lot Description Lot Shape-Rectangular, Single Lot

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Multi/Split

Structure Type Stucco

Others

Special Listing Condition Standard

Virtual Tour https://jamesgroupre.com/properties/917-ardmore-ave/

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

Schools and Properties Nearby

917 N Ardmore Ave Los Angeles, CA 90029