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1193 N Ardmore Ave 11 Unit Apartment Building $3,300,000 ($300,000/Unit) 6.42% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Well Maintained
- Recent capital improvements
Executive Summary
11-Unit Apartment Building Investment Opportunity
Positioned in one of Los Angeles’ most rapidly evolving rental corridors,
1193 N. Ardmore Avenue presents a rare opportunity to acquire a stabilized multifamily asset in the heart of East
Hollywood, a high-demand urban neighborhood driven by strong rental fundamentals, transit
connectivity, and ongoing neighborhood revitalization.
Property Overview
Property Type: Multifamily Apartment Building
Unit Count: 11 Units
Submarket: East Hollywood Investment Profile: Value-Add / Income Growth Opportunity
This well-located apartment community offers investors the ability to acquire a centrally
positioned asset with strong in-place income and significant upside through operational
improvements and strategic renovations.
Investment Highlights
Prime Central Location
Located minutes from Hollywood, Koreatown, and Silver Lake, the property benefits from
access to major employment hubs, entertainment centers, and lifestyle amenities. Located within
Little Armenia and walking distance to Thai Town.
Strong Rental Demand
East Hollywood continues to attract young professionals, healthcare workers, and creative
industry tenants seeking affordability relative to neighboring submarkets.
Transit Proximity
Convenient proximity to Metro transit corridors enhances tenant appeal and long-term rent
growth potential within a transit-supported housing market.
Value-Add Potential
Opportunity to increase NOI through:
Interior renovations
Market rent adjustments
Expense optimization
Improved property management strategies
Positioned in one of Los Angeles’ most rapidly evolving rental corridors,
1193 N. Ardmore Avenue presents a rare opportunity to acquire a stabilized multifamily asset in the heart of East
Hollywood, a high-demand urban neighborhood driven by strong rental fundamentals, transit
connectivity, and ongoing neighborhood revitalization.
Property Overview
Property Type: Multifamily Apartment Building
Unit Count: 11 Units
Submarket: East Hollywood Investment Profile: Value-Add / Income Growth Opportunity
This well-located apartment community offers investors the ability to acquire a centrally
positioned asset with strong in-place income and significant upside through operational
improvements and strategic renovations.
Investment Highlights
Prime Central Location
Located minutes from Hollywood, Koreatown, and Silver Lake, the property benefits from
access to major employment hubs, entertainment centers, and lifestyle amenities. Located within
Little Armenia and walking distance to Thai Town.
Strong Rental Demand
East Hollywood continues to attract young professionals, healthcare workers, and creative
industry tenants seeking affordability relative to neighboring submarkets.
Transit Proximity
Convenient proximity to Metro transit corridors enhances tenant appeal and long-term rent
growth potential within a transit-supported housing market.
Value-Add Potential
Opportunity to increase NOI through:
Interior renovations
Market rent adjustments
Expense optimization
Improved property management strategies
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,300,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 10,236 SF |
| Cap Rate | 6.42% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 | ||
| Price | $3,300,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 10,236 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 255 |
| 2+1.5 | 3 | - | 825 |
| 2+2 | 1 | - | 850 |
| 1+1 | 6 | - | 622 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5537-014-035 | Total Assessment | $439,610 |
| Land Assessment | $100,007 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $339,603 | Tax Year | 2025 |
Property Taxes
Parcel Number
5537-014-035
Land Assessment
$100,007
Improvements Assessment
$339,603
Total Assessment
$439,610
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1193 N Ardmore Ave
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