9
Bedrooms
$1,850,000
FOR SALE917 N Ardmore Avenue
Los Angeles, CA
MLS# 26935633
5,666 Sq Ft9bd • 10ba
64 days on marketNalren refreshed
Listing Agent
William James
Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #: 01734419
(310) 425-9838Brokerage: Lyon Stahl Investment Real Estate, Inc.
Peter James
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #: 01748556
Brokerage: Lyon Stahl Investment Real Estate, Inc.
Property Details
10
Bathrooms
5,666 sqft
Square Feet
1959
Year Built
0.21 acres
Lot Size
$327
Price/Sq Ft
N/A
Garage Spaces
N/A
HOA
N/A
Property Type
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
Facts & Features
Interior
- Fireplace
- No
- Appliances
- Refrigerator
Exterior
- Private Pool
- No
- Patio And Porch Features
- None
- Lot Features
- Rectangular Lot
Building
- Year Built
- 1959
- Living Area
- 5,666 sqft
- Architectural Style
- Mid Century Modern
- Building Area Total
- 5,666
- Levels
- Multi Split
- Stories Total
- 0
Utilities
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Sewer
- Other
Parking
- Parking Features
- Assigned
- Parking Total
- 9
Community / HOA
- HOA
- No
Natural Hazard Information
Earthquake data is shown from a real public source (USGS)
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CRMLS
MLS# 26935633
Listed:
Nalren refreshed:
Last updated
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Listed by: Lyon Stahl Investment Real Estate, Inc.
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.