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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., William James 310-425-9838
Listing Snapshot
Days Online
5
Last Updated
Property Type
Other
Beds
9
Square Ft.
5,666
Lot Size
0.21 Acres
Year Built
1959
MLS Number
25525603
30 Days Snapshot Of 90029
$782k
-35%
(avg) sold price
4
+33%
homes sold
98
+78%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasRange, Refrigerator
Building
Built in 1959, Building area total: 5,666, Levels: MultiSplit, Living area: 5666, 2 buildings, Architectural style: MidCenturyModern, Construction materials: Stucco
Cooling
WallWindowUnits
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $200,981, Net operating income: $125,730
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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