1045 N Ardmore Ave Los Angeles, CA 90029 New

UPDATED: 01/22/2026 07:01 PM ON MARKET: 6 days on market

$3,500,000

15 Beds16 Baths10,780 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,780 sqft

Price per Sqft $324

MLS Listing ID 26641735

Style Traditional

Bedrooms 15

Year Built 1963

Lot Size 9,024 Sqft

Acres 0.2072

Property Sub-Type Multi-Family

Property Description

3rd Price Reduction! Renovated 13-unit building cash flowing at an amazing 6% Cap Rate from day 1 with 37% upside to an 9% Cap on Proforma! Attractively priced at only $324/SF and $269k/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.