Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$1,950,000
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a nine-unit apartment community located at 1266 North Ardmore Avenue. The subject property is located south of Fountain Avenue and west of Normandie Avenue. Located in the heart… Read More of vibrant East Hollywood, this property offers easy access to trendy cafes, local shops, and iconic entertainment in Hollywood, Silver Lake & Echo Park. Its prime location offers easy access to both Sunset Junction, about a mile east, and the Hollywood Freeway, providing an ideal combination of walkability and drivability. With increasing foot traffic, rising demand, and undeniable growth, this area is on a clear upward trajectory. Situated on a 7,939 square foot parcel, the property is comprised of one studio, six one-bedroom units, and two two-bedroom units. The property has more than 33% remaining rental upside through unit renovations. 1266 North Ardmore Avenue offers a compelling opportunity to acquire a property in a sought-after pocket of East Hollywood combined with value-add potential to achieve enhance future returns. Read Less
Listing Snapshot
Days Online
17
Last Updated
Property Type
Other
Beds
10
Square Ft.
6,340
Lot Size
0.18 Acres
Year Built
1924
MLS Number
25512505
30 Days Snapshot Of 90029
$1,132k
-26%
(avg) sold price
5
+400%
homes sold
105
+262%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 6,340, Levels: Two, Living area: 6340, 2 stories, 3 buildings
Income
Gross income: $191,970, Net operating income: $128,455
Lot
0.1823 acres, 7,939 square feet, Size: 7,939
Parking
2 totals parking, None
Property
Zoning: LARD1.5
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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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