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1045 N Ardmore Ave
Los Angeles, CA 90029 East Hollywood

$3,195,000 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 6.50 %
  • Zoning LAR3
70 Transit Score
80 Walk Score

Highlights

Renovated 13-unit building with strong cash flow at a 6.5% Cap Rate from day one, offering a 39% upside to a 9.8% Cap on Proforma.5
Attractive pricing at $296/SF and $245k 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

Cap Rate: 6.50 %

Amenities

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

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 4.5 mi
11 min - 4.5 mi
Transit/SubwayDriveWalkDistance
Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Bob Hope 20 min - 10.4 mi
Los Angeles International 31 min - 15.3 mi
Long Beach (Daugherty Field) 39 min - 27.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Covered
Included in Rent: Yes
Armin Soleimani 310-666-2246 Global Platinum Properties
Armin Soleimani 310-666-2246 Global Platinum Properties