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917 N Ardmore Avenue, Los Angeles, CA 90029
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$2,000,000
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Home Details for 917 N Ardmore Avenue
Price
$2,000,000
Type
other
Bedrooms
9
Total Bathrooms
10
Year Build
1959
Sq. Ft.
5666
Lot Size
0.2078
County
Los Angeles
MLS®️ Listing#
25525603
On exitrealty.com
187 days
Property Description
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.
- Cooling Information
- Wall/Window Unit(s)
- Heating Information
- Wall Furnace
- Parking
- Assigned
- Fire Place
- None
Listing Courtesy: Lyon Stahl Investment Real Estate, Inc. - 310-425-9838. Presented by: William James and Peter James
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-30 17:15:26 and/or other sources. 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.
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.
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$2,000,000
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.