1045 N Ardmore Avenue, Los Angeles, CA 90029

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Champions
1045 N Ardmore Avenue,Los Angeles, CA 90029
$3,195,000
  • 15 Beds
  • 16 Baths
  • 10,780 sq. ft.
  • Multi-family
  • Active
Listed by: nick astrupgaard, rich johns
Office: kw commercial studio city818-432-1500
MLS#:26108014
Source:CRMLS

Price summary

  • Price:$3,195,000
  • Price per sq. ft.:$296.38

About this home

Exceptional opportunity to acquire a renovated 13-unit multifamily property in the heart of East Hollywood, offering strong day-one cash flow at a 6.5% cap rate, with 39% rental upside, and a projected 9.6% pro forma cap rate. Attractively priced at just $296/SF and $245,000 per unit, the property features a desirable unit mix of three 2-bedroom/2-bath units, nine spacious 1-bedroom/1-bath units, and one studio. Seven units have been renovated, including two newly constructed attached ADUs, providing investors with a substantially improved asset and significant remaining value-add potential. Recent improvements include upgraded kitchens, bathrooms, cabinetry, flooring, lighting, and extensive exterior enhancements, including a completed soft-story seismic retrofit. Property amenities include gated entry, on-site laundry, spacious balconies and patios, and nine parking spaces, two of which remain unassigned and offer potential additional rental income. Ideally situated in East...

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Home facts

  • Year built:1963
  • Listing ID #:26108014
  • Added:1 day(s) ago
  • Updated:November 13, 2026 at 01:00 PM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:16
  • Living area:10,780 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:10,780 sq. ft.
  • Lot area:0.21 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,195,000
  • Price per sq. ft.:$296.38

Parking

  • Total parking spaces:9
  • Parking description:Covered, Uncovered
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