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$ 1,950,000
Est. payment | /mo
10 Beds
9 Baths
6,340 SqFt
$ 1,950,000
Est. payment | /mo
10 Beds
9 Baths
6,340 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,340 sqft
Price per Sqft $307
MLS Listing ID 25512505
Bedrooms 10
HOA Y/N No
Year Built 1924
Lot Size 7,940 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 2
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5537016027
Special Listing Condition Standard
Listed by Sean Rosenzweig • Marcus & Millichap
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