Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

21

Building size

19,381 sqft

Lot size

18,073 sqft

Year built

1963

Stories

2

Heating

Wall Furnace

Status

Active

Days on market

2

MLS #

249309133

About this property

Incredible opportunity to own this over 19300 sq. ft. 21 unit building on large lot in a desirable east Hollywood location. The courtyard style building features a well-balanced unit mix of 17 spacious units. Rents are low which enable the buyer to capture significant upside. Pro-forma rents represent approximately 36 upside over current rents. Many amenities including a swimming pool and ample on-site parking and laundry room. Required seismic retrofit completed by the seller as well as AB 721 Balcony inspection completed. Some plumbing and electrical upgrades as well as several units renovated.

Location

926 N Ardmore Avenue

Los Angeles, Los Angeles, CA, 90029