$2,000,000
$200K PRICE DROP

Estimated payment $12,876/month

Total Views 2,278
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
  • Number Of Photos: 11
  • 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
  • Total Annual Expense: 66824
  • Type Of Units: Apt
  • Vacancy Allow: 6029
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3.0

Map

Range of Values:

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 Change Sq Ft Price
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

Similar Homes in the area

  • 7401 Fountain Ave, Los Angeles, CA 90046

    $2,275,000

    • 8 Beds
    • 5 Baths
    • 6,040 Sq Ft
    • 7401 Fountain Ave
    • Los Angeles, CA

    Welcome to 7401 Fountain Avenue, a charming multi-unit property strategically positioned at the crossroads of West Hollywood and Los Angeles. This unique real estate offering comprises a four-unit apartment building (with one unit as Section 8) alongside a single-family home, which is currently configured as a one-bedroom, one-bathroom residence (previously two bedrooms). Marking its first

    Sebastian Wolski Compass

    Section Image
  • 2367 W 18th St, Los Angeles, CA 90019

    $2,400,000

    • 10 Beds
    • 9 Baths
    • 7,562 Sq Ft
    • 2367 W 18th St
    • Los Angeles, CA

    Presenting this 9-Unit Multifamily Opportunity in Prime Mid-City Los Angeles, a rare investment opportunity located at the high-visibility corner of St. Andrews Place and 18th Street in the heart of Mid-City Los Angeles — one of the city's most sought-after rental submarkets. This two-story, gated apartment building consists of 9 units with a favorable mix of studio, one-bedroom, and two-bedroom

    Steve Kim Best Realty & Investment, Inc.

    Section Image
  • 751 -753 3/4 N Hayworth Ave, Los Angeles, CA 90046

    $2,400,000

    • 8 Beds
    • 5 Baths
    • 4,101 Sq Ft
    • 751 -753 3/4 N Hayworth Ave
    • Los Angeles, CA

    Available 5 Plex for Sale in West Hollywood Vicinity. Beautiful Traditional design with 5 Apartment Units: 753 - 2 Bedroom / 1 Bathroom (approximate 1324 sq ft); 753 1/2 - 2 Bed / 1 Bath (approx 776 sq ft); 753 - 2 Bedrooms / 1 Bathroom ( 781 sq ft); 751 - 1 Bed / 1 Baths (approx 610 sq ft); 751 1/2 - 1 Bed / 1 Baths (approx 610 sq ft).. 751 Hayworth Ave. is a prime location. The next building

    Ricky Mitchell The Passman Group, Inc.

    Section Image
  • 1716 W 45th St, Los Angeles, CA 90062

    $1,745,000

    • 7 Beds
    • 6 Baths
    • 5,464 Sq Ft
    • 1716 W 45th St
    • Los Angeles, CA

    5-UNIT COMPLEX! Stylish cosmetic remodel with new hardwood laminate flooring throughout, kitchens, bathrooms, and fixtures. New roof and plenty of parking. Two-story Spanish 4plex with a detached 3 bedroom house (City records show 2 bed). Submit your best offer. Great access to Downtown L.A, and other major City hubs. West of Western, South of Vernon, North of Slauson. 1 unit is currently

    Koeun Hwang Happy Haus Inc.

    Section Image
  • 6606 Brynhurst Ave, Los Angeles, CA 90043

    $1,800,000

    • 11 Beds
    • 9 Baths
    • 4,737 Sq Ft
    • 6606 Brynhurst Ave
    • Los Angeles, CA

    CURRENT CAP is 4.24% And 14.84 GRM PLUS 2 VACANT UNITS FOR IMMEDIATE UPSIDE. MARKET CAP: 6.77% AND 10.64 GRM In the heart of the evolving Hyde Park neighborhood, this 8-unit multifamily property combines immediate cash flow with significant development potential. The current unit mix includes (5) 1-bed/1-bath units (2 vacant), (2) 2-bed/1-bath units, and (1) 2-bed/2-bath Section 8 unit. There is

    Bethany Woolf Californian Estates

    Section Image
  • 4045 Dennison St, Los Angeles, CA 90023

    $1,599,800

    • 9 Beds
    • 6 Baths
    • 3,649 Sq Ft
    • 4045 Dennison St
    • Los Angeles, CA

    Introducing 4045 Dennison Street, an exceptional four-unit investment opportunity situated on a prominent corner lot in the heart of Los Angeles. This income-generating property features a unique layout consisting of a duplex and two detached single-family residences, offering both privacy and flexibility for owner-occupants or savvy investors. One unit will be delivered vacant, making it an

    Herb Diaz PLF Real Estate Solutions

    Section Image
  • 3523 S Sepulveda Blvd, Los Angeles, CA 90034

    $1,740,000

    • 8 Beds
    • 5 Baths
    • 4,378 Sq Ft
    • 3523 S Sepulveda Blvd
    • Los Angeles, CA

    Location, Location, Location! Fantastic 5 unit bread and butter investment. Currently rents are below market! Prime West LA Location along the Sepulveda Corridor. 405 and 10 Freeway down the street! 7 miles from LAX. RETROFIT has been completed! S Sepulveda Blvd. is a major thoroughfare in Los Angeles, California, known for its convenient access to the Interstate 405 (I-405) freeway,

    Poupee Komenkul Rodeo Realty

    Section Image
  • 1525 W 105th St, Los Angeles, CA 90047

    $1,675,000

    • 11 Beds
    • 8 Baths
    • 5,894 Sq Ft
    • 1525 W 105th St
    • Los Angeles, CA

    This spacious 8-unit garden-style apartment building, situated on a sprawling 19,000 sq ft lot, presents a compelling investment opportunity. The property boasts a secure, gated environment and offers a mix of recently remodeled and classic units, ensuring broad appeal to potential tenants.Key Features:Remodeled Units: 6 of the 8 units have been thoughtfully modernized with new

    Vartan Achabahian Prospect Group Inc.

    Section Image
  • 203 W Opp St, Wilmington, CA 90744

    $2,145,000

    • 11 Beds
    • 10 Baths
    • 6,424 Sq Ft
    • 203 W Opp St
    • Wilmington, CA

    Prime Investment opportunity. Pride of ownership and a well-maintained 9-unit property in Wilmington is available for sale! The property offers a combined living space of 6424 sq ft. Situated on a generous 7234 square foot lot.The Unit mix is comprised of 7 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 1 two-bedroom/two-bath. Each unit provides comfortable living quarters. 5 of

    Freida Sanei BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

    Section Image

Source: The MLS

MLS Number: 25525603

The MLS