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917 N Ardmore Ave Los Angeles, CA 90029

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For Sale
$2,000,000

10-unit multifamily property in Hollywood with development potential.

Lot size:
0.21 Acres

Property Features for 917 N Ardmore Ave

General Information

Lot size
0.21 Acres

Building Details

Year built
1959

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Listing Contact
Source: Elliman

Listing Agency: Lyon Stahl Investment Real Estate, Inc.

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Hollywood Multifamily Investment Opportunity

This 10-unit multifamily property is located in Hollywood, between Melrose Avenue and Santa Monica Boulevard. Constructed in 1959, the property includes one studio and nine one-bedroom, one-bathroom units. The building provides approximately 5,666 square feet of rentable space and is situated on a 9,050 square foot lot zoned LAR3, offering development potential. The units are distributed across two structures with on-site open parking. There is potential to increase rents, and the spacious R3-zoned lot may allow for the addition of more units.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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
-118.30198
Latitude
34.0868

FAQs

What type of property is this?
Apartment building - 10-unit multifamily property in Hollywood with development potential.
Where is this apartment building located?
The property is located at 917 N Ardmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: - Value-add opportunity with nearly 25% rental upside due to below-market rents.; - Prime Hollywood location between Melrose Avenue and Santa Monica Boulevard.; - Significant development potential on a large 9,050 square foot lot zoned LAR3.
More about this property
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