$2,200,000

543 N Ardmore Avenue, Los Angeles, CA 90004

  • 9,320 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $236/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Fantastic 12 unit building that has been in the same family since it was built in 1958. The property features a desirable unit mix of 10 spacious (1Br+1Ba) units and 2 (2Br+2Ba) with an average unit size of 775 SF. Offered at under 10.8 GRM on current rents and under $240/SF, the property stands out as an excellent "value add" opportunity with appx. 56% upside in rents, NOT including ADU potential. The property has seismic retrofitting and tuck under and carport parking with ADU potential (Buyer to verify). A new roof was installed in 2025. Laundry and storage rooms in the rear. The property is located just south of Melrose Avenue in the heart of Melrose Hill. Excellent access to LA City College, as well as major employment and lifestyle hubs, including post-production studios, creative office corridors, and media companies, and is only minutes from Paramount Studios. Its central location provides convenient connectivity to Hollywood, Koreatown, Silver Lake and DTLA, making it highly attractive to professionals in the entertainment, tech, and creative sectors! With a Walk Score of 86 ("Very Walkable"), tenants enjoy easy access to nearby restaurants, cafes, and the Metro B Line. Call for a rent roll and marketing package.

Listing Status:
Active
Date Added:
February 5, 2026
Data Last Updated:
May 20, 2026 at 7:06AM
Listing Office:
Compass : 818-783-7721
Listing Agent:
Dana Coronado : 310-562-9630
MLS ID:
CL26648059
  • Laundry: Common AreaLaundry Room
  • Flooring: LaminateTile
  • Heating: Natural GasWall Furnace
  • Parking: CoveredAssignedOther
  • General: Stucco
  • County: Los Angeles
  • Zoning: LAR35521008003
  • View: City LightsMountain(s)View
  • Water: Other

This listing courtesy of Dana Coronado , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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