21-Unit Courtyard Apartment
926 N Ardmore Ave, Los Angeles, CA 90029
For Sale
New
$5,150,000
The property includes a swimming pool, on-site parking, and a laundry room.
Property Size19,381 SF
Price / SF$266.84
Days on Market7
Property Features for 926 N Ardmore Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
swimming pool
on-site parking
laundry room
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Miller & Desatnik Realty Co.
Listed By:
Carolyn Schneider · License CA #00881530
From the agent's profile:
(310) 202-9166
Source:
Milsteinestates
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 8 at 5:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller & Desatnik Realty Co.
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Investment Insights
Based on property information with market context.
This 21-unit apartment property offers over 19300 sq. ft. in a courtyard-style layout. The grounds include a swimming pool, on-site parking, and a laundry room. Several apartments have been renovated, and plumbing and electrical work has been completed in some areas.
Located in East Hollywood at 926 N Ardmore Ave, the building dates to 1963. Required seismic retrofit work is complete, as is the AB 721 balcony inspection.
Located in East Hollywood at 926 N Ardmore Ave, the building dates to 1963. Required seismic retrofit work is complete, as is the AB 721 balcony inspection.
Key Highlights
- 21‑unit apartment building with over 19300 sq. ft.
- Courtyard‑style layout with a swimming pool
- On‑site parking and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$310,552
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,211,040
$6.2M
Cap Rate 7%
$4,436,457
$4.4M
Cap Rate 9%
$3,450,578
$3.5M
Market Conditions
NOI Build-Up for 19,300 SF
Gross rent
$613.7K $31.80/SF
− Vacancy
−$49.1K −$2.54/SF
EGI
$564.6K $29.26/SF
− OpEx
−$254.1K −$13.17/SF
NOI
$310.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,211,040
Cap Rate 7%
$4,436,457
Cap Rate 9%
$3,450,578
Alternative Uses
Best Use
Apartment 5plus
$4.44M
$3.88M – $5.18M
NOI $310,552 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.06M
$7.05M – $9.40M
NOI $564,059 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
2,958
Businesses Nearby
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Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes a swimming pool, on-site parking, and a laundry room.
Where is this apartment building located?
The property is located at 926 N Ardmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: 21‑unit apartment building with over 19300 sq. ft.; Courtyard‑style layout with a swimming pool; On‑site parking and laundry room
