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Jacob Raabe

jacob@raabeproperties.com +1(949) 478-2551

$ 1,850,000

Est. payment | -/mo

9 Beds

10 Baths

5,666 SqFt

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$ 1,850,000

Est. payment | -/mo

Save Virtual Tour

9 Beds

10 Baths

5,666 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,666 sqft

Price per Sqft $326

MLS Listing ID 26935633

Bedrooms 9

HOA Y/N No

Year Built 1959

Lot Size 9,051 Sqft

Lot Dimensions Assessor

Property Description

We are pleased to present 917 N. Ardmore Avenue, a 10-unit multifamily investment opportunity located in the heart of Hollywood, ideally situated between Melrose Avenue and Santa Monica Boulevard. Built in 1959, the property offers an excellent unit mix comprising one (1) studio and nine (9) one-bedroom, one-bathroom units, totaling approximately 5,666 square feet of rentable space. The building is situated on a generous 9,050 square foot lot zoned LAR3, providing significant development potential. The units are distributed across two separate structures with ample on-site open parking. With nearly 25% rental upside, this offering presents a compelling value-add opportunity. A new owner can capitalize on below-market rents as units turn, while also exploring the potential to add additional units on the spacious R3-zoned lot. Priced at 11 times gross rent, attractive new acquisition financing is available

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Assigned

Pool None

View Y/N Yes

View City Lights

Porch None

Total Parking Spaces 9

Private Pool No

Building

Lot Description Rectangular Lot

Faces East

Entry Level Multi/Split

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5537024017

Special Listing Condition Standard

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Listed by William James Lyon Stahl Investment Real Estate, Inc. #01734419

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 478-2551

jacob@raabeproperties.com

917 N Ardmore AVE Los Angeles, CA 90029

Jacob Raabe

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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917 N Ardmore AVE