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$ 2,750,000
Est. payment /mo
Price Dropped by $249K
1193 N Ardmore Los Angeles, CA 90029
8,001 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26040272
HOA Y/N No
Year Built 1965
Tax Year 2025
Lot Size 8,001 Sqft
Property Sub-Type Multi Family
Property Description
Well-maintained 11-unit multifamily investment opportunity located in the heart of East Hollywood, offering a strong unit mix, extensive recent capital improvements, and excellent commuter access. Unit Mix, 4 -Two-Bedroom Units, 6 -One-Bedroom Units and 1 Studio Unit. Recent Capital Improvements. New 400-amp electrical panel, Two new commercial-grade tankless water heaters, Replacement of hot water lines with new copper piping (upgraded from galvanized), New main incoming cold-water line throughout the building, Six units upgraded with: New kitchen sinks, Bathroom improvements, Fresh interior paint, New window screens and blinds throughout. All-new exterior lighting, New Wi-Fi camera security system, Parking structure posts reinforced, Roof in good condition with no known leaks, Majority of units feature tile flooring.
Property Highlights: On-site parking spaces for each unit, Efficient layouts with strong rental appeal, Laundry facility on-site. Individual Electric & Gas Meters. Location Benefits: Convenient proximity to the 101 Freeway for easy commuter access, Close to shopping, dining, and neighborhood amenities,
Centrally located within East Hollywood's dense rental market. Kaiser Permanente within 0.6 miles, providing a steady tenant base of healthcare professionals and staff. Hollywood Boulevard is just 0.5 mile away, placing residents minutes from dining, retail, and entertainment while maintaining neighborhood livability. The property is also located near the Church of Scientology, further contributing to localized employment and housing demand. Approximately 14 miles from Los Angeles International Airport, offering convenient regional and global connectivity.
This property presents a compelling opportunity to acquire a stabilized asset with meaningful recent upgrades already completed, minimizing deferred maintenance while allowing for continued rental upside. Ideal for investors seeking dependable cash flow in a high-demand Los Angeles submarket.
Property Highlights: On-site parking spaces for each unit, Efficient layouts with strong rental appeal, Laundry facility on-site. Individual Electric & Gas Meters. Location Benefits: Convenient proximity to the 101 Freeway for easy commuter access, Close to shopping, dining, and neighborhood amenities,
Centrally located within East Hollywood's dense rental market. Kaiser Permanente within 0.6 miles, providing a steady tenant base of healthcare professionals and staff. Hollywood Boulevard is just 0.5 mile away, placing residents minutes from dining, retail, and entertainment while maintaining neighborhood livability. The property is also located near the Church of Scientology, further contributing to localized employment and housing demand. Approximately 14 miles from Los Angeles International Airport, offering convenient regional and global connectivity.
This property presents a compelling opportunity to acquire a stabilized asset with meaningful recent upgrades already completed, minimizing deferred maintenance while allowing for continued rental upside. Ideal for investors seeking dependable cash flow in a high-demand Los Angeles submarket.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Building
Lot Description 11-15 Units/Acre
Story 2
Water Public
Others
Tax ID 5537014035
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Listed by Tania Williams RE/MAX MASTERS REALTY 909-782-8421, DRE #01860419
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