1045 N Ardmore Ave | Los Angeles, CA 90029
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1045 N Ardmore Ave
Los Angeles, CA 90029
Reduced! 13 Units 5.75% Cap w/ Upside to 8.8% · Multifamily Property For Sale
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13 Units
INVESTMENT HIGHLIGHTS
- Price Reduction! Renovated 13-Unit Building Cash Flowing at a 5.75% Cap Rate from Day 1 with 40% Upside to an 8.8% Cap on Proforma!
- Attractively Priced at $329/SF and $273k/Door in Prime East Hollywood Location Minutes from Silver Lake, Griffith Park, Etc.
- Large Unit Mix of 3 (2 Bed/2 Bath) Units, 9 (1 Bed/1 Bath) Units, and 1 (Studio/1 Bath) Unit Including 2 Brand-New ADUs
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 10,780 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1963 |
| Zoning | LAR3 - LAR3 | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 10,780 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | LAR3 - LAR3 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 9 | - | - |
| 2+2 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 5537-019-028 | Improvements Assessment | $1,047,780 |
| Land Assessment | $1,407,161 | Total Assessment | $2,454,941 |
PROPERTY TAXES
Parcel Number
5537-019-028
Land Assessment
$1,407,161
Improvements Assessment
$1,047,780
Total Assessment
$2,454,941
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