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1045 N Ardmore Ave
Los Angeles, CA 90029 East Hollywood

$3,375,000 USD

Apartments For Sale • 10,780 SF

Property Details

Property Type Apartments
Total Building Size 10,780 SF
Lot Size 0.21 AC
Building Class C
Year Built 1963
Cap Rate 6.25 %
Zoning LAR3

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                Renovated 13-unit building with strong cash flow at a 6.25% Cap Rate from day one, offering a 37% upside to a 9.3% Cap on Proforma.
                            
                                Attractive pricing at $313/SF and $259k per door, featuring a diverse unit mix.
                            
                                Recent renovations include most units and two new attached ADUs, with amenities like gated entry, communal laundry, large balconies and patios & more.
                            
                                Prime East Hollywood location close to Vermont/Santa Monica Metro, Silverlake, Hollywood, and trendy spots such as the Hollywood Walk of Fame & more!

Property Flyers

Offering Memorandum

Cap Rate:

6.25 %

Amenities

24 Hour Access
Laundry Facilities
Tenant Controlled HVAC
Gated
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Freezer
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	4.5 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	9 min	-	4.9 mi
Transit/Subway	Drive	Walk	Distance
Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	14 min	0.8 mi
Airport	Drive	Walk	Distance
Bob Hope	18 min	-	10.4 mi
Los Angeles International	28 min	-	14.4 mi
Long Beach (Daugherty Field)	38 min	-	26.4 mi

Armin Soleimani 310-666-2246 Global Platinum Properties

1045 N Ardmore Ave Los Angeles, CA 90029 East Hollywood