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    1193 N Ardmore Ave Los Angeles, CA 90029

    Sponsored
    For Sale
    $3,300,000

    Commercial Sale - Los Angeles, CA

    Property size:
    7,161 SF
    Days on Market:
    4
    Last Refresh:
    Feb 27 at 9:06 pm

    Property Features for 1193 N Ardmore Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    5537014035
    Size
    7,161 SF

    Building Details

    Year built
    1965
    Architectural style
    Other

    We can help!

    Listing Contact
    Tania Williams
    Tania Williams

    RE/MAX Masters (626) 967-1779

    Listing agent Tania Williams (909) 445-8100 License #01860419

    Listing date Feb 24, 2026

    MLS# CV26040272 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    East Hollywood Multifamily Investment Opportunity

    This well-maintained 11-unit multifamily property is located in the heart of East Hollywood. The unit mix includes 4 two-bedroom units, 6 one-bedroom units, and 1 studio unit. The property has undergone recent capital improvements, including a new 400-amp electrical panel, two new commercial-grade tankless water heaters, replacement of hot water lines with new copper piping, and a new main incoming cold-water line throughout the building. Six units have been upgraded with new kitchen sinks, bathroom improvements, fresh interior paint, and new window screens and blinds. Additional upgrades include all-new exterior lighting, a new Wi-Fi camera security system, and reinforced parking structure posts. The roof is in good condition with no known leaks, and the majority of units feature tile flooring. On-site parking spaces are available for each unit, and the property features efficient layouts with strong rental appeal and an on-site laundry facility. Individual electric and gas meters are present. The property is conveniently located near the 101 Freeway, providing easy commuter access, and is close to shopping, dining, and neighborhood amenities. Kaiser Permanente is within 0.6 miles, and Hollywood Boulevard is just 0.5 miles away. The property is also located near the Church of Scientology. Los Angeles International Airport is approximately 14 miles away. This property presents an opportunity to acquire a stabilized asset with recent upgrades already completed, minimizing deferred maintenance while allowing for continued rental upside. It is ideal for investors seeking dependable cash flow in a high-demand Los Angeles submarket. The property size is 7161 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.30136
    Latitude
    34.09314

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 11-unit apartment building in prime East Hollywood location.
    Where is this apartment building located?
    The property is located at 1193 N Ardmore Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: - Strong unit mix with 4 two-bedroom, 6 one-bedroom, and 1 studio in East Hollywood.; - Extensive recent capital improvements including new electrical panel, tankless water heaters, and copper piping. Unit upgrades completed.; - Excellent commuter access to the 101 Freeway.
    (909) 445-8100
    Request Owner's contact information
    1193 N Ardmore Ave Los Angeles, CA 90029
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    Los Angeles, CA 90029
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1193 N Ardmore Ave Los Angeles, CA 90029
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    We can help!
    Listing Contact
    Tania Williams
    Tania Williams
    Real Estate License ID: 01860419
    (909) 445-8100 (909) 782-8421 (909) 364-8380
    Learn more
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