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917 N Ardmore Avenue
USD 2,200,000
Property ID: 25525603
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917 N Ardmore Avenue ,90029
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icon 9053 SqFt
icon Built in 1959
icon USD 243/SqFt
icon 9 Beds
icon 10 Full
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Location
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Interior Details
Bedrooms
9
Bathrooms
10
Interior Size
5666
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1959
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (11)
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917 N Ardmore Avenue
USD 2,200,000 9 Beds
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