We are pleased to present a thirteen (13) unit apartment building located at 1045 N Ardmore Avenue in Los Angeles, California. The subject property is located in a prime East Hollywood location, south of Santa Monica Boulevard and east of Western Avenue. Built in 1963, this 13-unit property is ideally located in a prime East Hollywood location adjacent to the highly desirable Silver Lake neighborhood. Priced attractively at just $284,231 per unit and $342 per square foot, this investment offers immediate cash flow with a solid cap rate of 5.50% from day one. It features an excellent unit mix that includes one studio, nine one-bedrooms, and three two-bedroom units, with seven of them recently renovated two of which are brand-new attached ADUs. Tenants enjoy a secure, gated environment with amenities such as a communal laundry room, large balconies and patios, and nine on-site parking spaces. Many units feature upgraded cabinets, flooring, lighting, and bathrooms, complemented by significant exterior enhancements including a completed soft-story retrofit.

Listing courtesy of Jason Tuvia of Marcus & Millichap

Based on information from the The MLS as of 2025-10-22 02:07 AM UTC. 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.