Adrmore Village 508 N Ardmore Ave 2 Unit Apartment Building $1,750,000 ($875,000/Unit) 6.16% Cap Rate Los Angeles, CA 90004

“Rare East Hollywood value-add opportunity with immediate operational upside and vacancy leverage at close.”
All the buyers want:
Cash flow NOW
Ability to raise NOI FAST
Low interest rate leverage
Airbnb / furnished rental angle
Future appreciation
Potential redevelopment (LAR3)
5.5% commercial rates are VERY attractive right now
“At today’s favorable commercial financing environment, investors have a rare opportunity to leverage immediate upside with strong long-term appreciation potential.”
2 VACANT UNITS
This is your GOLD.
LA multifamily buyers LOVE:
Immediate repositioning
No eviction headache
Instant NOI increase
“Two vacant units delivered at close create immediate flexibility for market-rate leasing, furnished rental operations, or owner-user occupancy.”
“Potential opportunity for furnished rental or short-term rental strategy (buyer to verify local regulations).”
VALUE-ADD STRATEGY
investors thinking: ?? “force appreciation.”
Rental upside
Renovation upside
Operational upside
Market rent gap
Example:
“Significant upside potential through strategic renovations and rent repositioning.”
LAR3 = LONG TERM PLAY
Investors: LAR3 = future density potential
“LAR3 zoning provides long-term redevelopment and densification potential in a rapidly evolving East Hollywood corridor.”
LOCATION:
This property is sitting in:
East Hollywood
Near Koreatown
Near Netflix
Near Larchmont
Near 101 FWY
That’s a HUGE renter pool.
Positioned:
“Located within one of Los Angeles’ strongest renter-driven submarkets with proximity to major employment and entertainment hubs.”
Rare East Hollywood / Koreatown Value-Add Opportunity
We are pleased to present 508 N Ardmore Ave, a rare value-add multifamily investment opportunity located in the highly desirable East Hollywood / Koreatown corridor of Los Angeles.
The property consists of:
One remodeled 3BR/2BA + den single-family residence with private yard
Four 2BR/1BA apartment units built in 1987
Approximately 4,103 SF building area on an 8,250 SF LAR3-zoned lot
Two units will be delivered vacant at closing, creating immediate flexibility for:
Market-rate leasing
Furnished rental strategy
Potential short-term rental operation (buyer to verify)
Owner-user occupancy
The property offers strong operational fundamentals including:
5 on-site parking spaces
On-site laundry
Individual water heaters
Security camera system
Located just minutes from Larchmont Village, Netflix, Hollywood, Koreatown, Silver Lake, Echo Park, Downtown Los Angeles, and the 101 Freeway, the asset benefits from one of LA’s strongest renter-driven submarkets.
Investors will appreciate the significant upside potential through:
Rent repositioning
Strategic renovations
Vacancy leverage
Long-term redevelopment potential under LAR3 zoning
At today’s favorable commercial financing environment, this property presents a compelling opportunity to acquire a cash-flowing asset with immediate and long-term upside.
BEST FOR:
1031 exchange buyers
Airbnb/furnished operators
Small apartment syndicators
Young owner-users