Great investment opportunity in the high quality rental district of East Hollywood. Below market rents ready for a value add buyer. New windows in 2012 and a new roof in 2021 make up some of the upgrades to the property. Considerable rent upside all down the rent roll. Low price per square foot for the area. 1028 N Ardmore offers an opportunity to acquire 12 units at a great price for the area. 9 parking spaces on site as well as on site laundry. Densely populated area dominated by young professional tenants in an above average school district close to downtown Los Angeles. *Expenses listed are estimates and not actual.
Sold for $2,000,000 on 06/30/23
Listing Provided by:
Christian Milner DRE #02059572 714-943-1489,
Christian Milner Realty Group
Bought with: RE/MAX One
$2,000,000
1028 N Ardmore Ave, Los Angeles, CA 90029
14beds
--baths
9,376sqft
Mixed Use
Built in 1956
-- sqft lot
$2,087,400 Zestimate®
$213/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 02, 2023 at 10:25am
Listing Provided by:
Christian Milner DRE #02059572 714-943-1489,
Christian Milner Realty Group
Bought with:
Chase Simonton, DRE #01766871
RE/MAX One
Source: CRMLS,MLS#: SB23045569
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 9,376
- Total interior livable area: 9,376 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 5
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 8,914 sqft
Details
- Parcel number: 5537018020
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: 1031 Exchange
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Estimated market value
$2,087,400