1020 Ardmore Avenue, Los Angeles, CA 90029
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1020 Ardmore Avenue,Los Angeles, CA 90029
$1,999,999
- 0.2 Acres
- Lots / Land
- Active
Listed by: daniel lalezari
Office: keller williams hollywood hills
MLS#:CL26104718
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,999,999
About this home
Welcome to 1020 N ARDMORE AVE, a fully entitled RTI( Ready to Issue) permit project perfect for Developers, Investors, Contractors and Builders, ready to pull permits and to start building. This SHOVEL READY 100% Affordable ED1 project features 57 units including a manager's office that can be converted into a unit, 40-1 bedroom, 17- studios across a Type V, four story, fully stacked designed which features all wood frame floors on an almost 9,000 square foot lot plus an alley that is SB8 exempt and currently a vacant land, priced at $35K approx a door RTI in Hollywood, one of the best RTI priced sites in Hollywood. This design has a significant savings in construction costs and time maximizing the most units with much lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of Los Angeles most vibrant and high demand area, the property located in Hollywood close to Sunset BLVD with a walk score of 87, close to restaurants, coffee shops and shopping centers. Due to its central location, the area is within top employment hubs and is minutes from Larchmont, Silverlake, Hollywood Walk of FAME, Paramount Studios, Melrose Hills and it is a highly desirable and attractive area that has other brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area, close to the Vermont/Sunset Metro Subway Station, making this very walkable and bike friendly. The stackable design features 25,292 square feet of building area with units ranging from approx 300-456 square feet. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 57 units would bring a monthly gross income of $123,044 and yearly gross income of $1,476,528, or a buyer can look into achieving higher rents with this property being located in Tier 5, Section 8 vouchers most recently updated voucher payment standards has amounts of $2,310 for 1 bd and $2,058 for Studios for this zip code (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area. Each unit is designed for max...
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Home facts
- Listing ID #:CL26104718
- Added:13 day(s) ago
- Updated:November 09, 2026 at 03:49 PM
Structure and exterior
- Lot area:0.2 Acres
- Architectural Style:Unimproved Land
Finances and disclosures
- Price:$1,999,999
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at November 9, 2026New listings near 1020 Ardmore Avenue
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