$3,375,000

1045 N Ardmore Avenue, Los Angeles, CA 90029

15 beds |
16 baths |
10,780 sqft

Multi-Family Home
Built in 1963
9,026sqft lot
—— car garage
$313/sqft
Listed 28 days ago

Property Description

Huge 500k Price Reduction! Renovated 13-unit building cash flowing at an amazing 6.25% Cap Rate from day 1 with 37% upside to a 9.3% Cap on Proforma! Attractively priced at only $313/SF and $259k/door with a large unit mix consisting of 3 (2bed/2bath) units, 9 spacious (1bed/1bath) units, and 1 (studio/1bath) unit. Majority of the units (7) have been renovated including 2 brand-new attached ADUs. Amenities include gated entry, communal laundry room, large balconies, large patios, as well as 9 parking spaces (4 of which have not been officially assigned and may be rented for additional income). Many units boast updated cabinets, flooring, lighting, bathrooms, and significant exterior improvements including soft-story retrofit. Prime East Hollywood location just minutes away from the Vermont/Santa Monica Metro station, Silverlake, Hollywood, West Hollywood as well as many hip neighborhood attractions, restaurants, bars, and shops such as Hollywood Walk of Fame, Griffith Observatory, Cara Hotel, Saffy's Restaurant, Courage Bagels, and many more.

Listing Status:: Active
Date Added:: April 22, 2026
Data Last Updated:: May 20, 2026 at 6:16AM
Listing Office:: Global Platinum Properties, Inc. : 424-394-1030
Listing Agent:: Julio Ruiz : 818-524-0706
MLS ID:: 26783127

Heating: Wall Furnace

Style: Traditional
Parking: GatedParking spaces: 9

General: 2

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR35537019028

Source: CRMLS_CL

This listing courtesy of Julio Ruiz , Global Platinum Properties, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.