
1045 N Ardmore Ave Los Angeles, CA 90029
East Hollywood NeighborhoodEstimated payment $24,282/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 9,022 Sq Ft Lot
Interior Spaces
- 10,780 Sq Ft Home
- 2-Story Property
- Microwave
Bedrooms and Bathrooms
- 15 Bedrooms
- 16 Bathrooms
Parking
- 9 Parking Spaces
- Assigned Parking
Utilities
- Central Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Community Details
- 13 Units
Listing and Financial Details
- Assessor Parcel Number 5537-019-028
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/31/2025 07/31/25 | Price Changed | $3,750,000 | -3.7% | $348 / Sq Ft |
06/23/2025 06/23/25 | For Sale | $3,895,000 | +83.3% | $361 / Sq Ft |
02/16/2021 02/16/21 | Sold | $2,125,000 | 0.0% | $214 / Sq Ft |
02/15/2021 02/15/21 | Pending | -- | -- | -- |
02/15/2021 02/15/21 | For Sale | $2,125,000 | -- | $214 / Sq Ft |
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