CA > Los Angeles
Los Angeles, CA 90029,1045 N Ardmore AVE
Los Angeles, CA 90029,1045 N Ardmore AVE
Los Angeles, CA 90029,1045 N Ardmore AVE
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$3,695,000
Est. payment /mo
14 Beds
14 Baths
9,940 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,940 sqft

Price per Sqft $371

MLS Listing ID 25609141

Bedrooms 14

HOA Y/N No

Year Built 1963

Lot Size 9,025 Sqft

Property Description

Price Reduction! Renovated 13-unit building cash flowing at an amazing 5.5% Cap Rate from day 1 with 40% upside to an 8.4% Cap on Proforma! Attractively priced at only $342/SF and $284k/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 maybe 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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Fireplace No

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5537019028

Special Listing Condition Standard

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CRMLS – RECore
Listed by Jason Tuvia Marcus & Millichap
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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