1045 N Ardmore Avenue
Los Angeles, CA 90029
$3,295,000
$3,375,000
About This Home
Huge ~600k Price Reduction! Renovated 13-unit building cash flowing at an amazing 6.25% Cap Rate from day 1 with 39% upside to a 9.5% Cap on Proforma! Attractively priced at only $306/SF and $253k/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 (2 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.
Property Details
Location
Listed by
Julio Ruiz
Global Platinum Properties, Inc.
MLS# CLW-C131070
Request Information
Interested in 1045 N Ardmore Avenue? We'd love to help.
Based on information from CRMLS. All data is deemed reliable but not guaranteed. Listings marked with the CRMLS icon are provided courtesy of the California Regional MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing.