$2,000,000
$200K PRICE DROP

917 N Ardmore Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated payment $12,489/month

Total Views 2,946
9 Beds
10 Baths
5,666 Sq Ft
$353 Price per Sq Ft

Highlights

  • City View
  • Midcentury Modern Architecture
  • Rectangular Lot
  • STEM Academy at Bernstein High Rated A-
  • East Facing Home

About This Home

We are pleased to present 917 N. Ardmore Avenue, a 10-unit multifamily investment opportunity located in the heart of Hollywood, ideally situated between Melrose Avenue and Santa Monica Boulevard. Built in 1959, the property offers an excellent unit mix comprising one (1) studio and nine (9) one-bedroom, one-bathroom units, totaling approximately 5,666 square feet of rentable space. The building is situated on a generous 9,050 square foot lot zoned LAR3, providing significant development potential. The units are distributed across two separate structures with ample on-site open parking. With nearly 25% rental upside, this offering presents a compelling value-add opportunity. A new owner can capitalize on below-market rents as units turn, while also exploring the potential to add additional units on the spacious R3-zoned lot. Priced at 11 times gross rent, attractive new acquisition financing is available.

Listing Agent

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 05/01/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Peter James

Lyon Stahl Investment Real Estate, Inc. License #01748556

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 9,053 Sq Ft Lot
  • Lot Dimensions are 50x181
  • East Facing Home
  • Rectangular Lot
  • Level Lot

Home Design

  • Midcentury Modern Architecture
  • Split Level Home
  • Stucco

Interior Spaces

  • 5,666 Sq Ft Home
  • 2-Story Property
  • City Views
  • Leased Washer and Dryer

Kitchen

  • Oven or Range
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Bathrooms

Home Security

  • Window Bars
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 7 Open Parking Spaces
  • 8 Parking Spaces
  • 2 Covered Spaces
  • Assigned Parking

Location

  • City Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Central Water Heater
  • Sewer in Street

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5537-024-017

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • Rent Control
  • Vacancy Allowance $6,029

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 5666
  • Lot Acreage: 0.2078
  • Lot Dimensions: 50x181
  • Price Per Unit: 200000.00
  • Probate: No
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas/Electric Range
  • Bedrooms: 9
  • Common Walls: Attached
  • Laundry Equipment: Lease
  • Total Bathrooms: 10.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 352.98

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Other Spaces: 7
  • Covered Parking: 2
  • Garage Structures: 0
  • Parking Garage: Assigned, Uncovered
  • Total Parking: 8

Utilities

  • Water Heater: Gas, Central Water Heater
  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Window Bars, Smoke Detector, Carbon Monoxide Detector(s), Exterior Security Lights
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 57.08
  • Assessed Improvement Value: 566546
  • Assessed Land Percent: 42.92
  • Assessed Land Value: 425971
  • Total Assessed Value: 992517
  • Assessor Parcel Number: 5537-024-017
  • Lot Description: Lot-Level/Flat, Lot Shape-Rectangular, Single Lot
  • Lot Location: City
  • Lot Size Area: 9053

Rental Info

  • Total Actual Rent: 199481.00
  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.00
  • Number Of Units: 10
  • Rent Control: 100
  • Type Of Units: Apt
  • Vacancy Allow: 6029
  • Vacancy Allow Percent: 3.00

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2025 06/20/25 Price Changed $2,000,000 -9.1% $353 / Sq Ft
05/01/2025 05/01/25 For Sale $2,200,000 -- $388 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25525603

The MLS
California Los Angeles County Los Angeles 90029 East Hollywood

917 N Ardmore Ave, Los Angeles, CA

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Will James
Listing Agent
Will James
Section Image
Lyon Stahl Investment Real Estate, Inc.
(310) 600-9858