1045 N Ardmore Ave, Los Angeles, CA 90029
List Price: $3,750,000
On market
On marketJun 23, 202510,780 sqft15 beds16 baths
Listed by: Kian Maronde
License #: 01952189
Phone #: 818-212-2651
Marcus & Millichap
Source:
MLS #: 25555877
Property Description
Price Reduction! Renovated 13-unit building cash flowing at an amazing 5.25% Cap Rate from day 1 with 41% upside to an 8.2% Cap on Proforma! Attractively priced at only $348/SF and $288k/door with a large unit mix consisting of 3 (2bed/2bath) units, 9 spacious (1bed/1bath) units, and 1 (studio/1bath) unit. Majority of the units (7) have been renovated including 2 brand-new attached ADUs. Amenities include gated entry, communal laundry room, large balconies, large patios, as well as 9 parking spaces (4 of which have not been officially assigned and maybe rented for additional income). Many units boast updated cabinets, flooring, lighting, bathrooms, and significant exterior improvements including soft-story retrofit. Prime East Hollywood location just minutes away from the Vermont/Santa Monica Metro station, Silverlake, Hollywood, West Hollywood as well as many hip neighborhood attractions, restaurants, bars, and shops such as Hollywood Walk of Fame, Griffith Observatory, Cara Hotel, Saffy's Restaurant, Courage Bagels, and many more.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$23,193
TurboHome Estimated Value
$2,648,100
$246 sqft
High Valuation
$2,780,505
$258/sqft
Normal Valuation
$2,648,100
$246/sqft
Low Valuation
$2,515,695
$233/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $246/sqft | $2,648,100 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Location
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No comparable properties found in this area.
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