1193 N Ardmore Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$3,300,000 USD
626-786-5869
1193 N Ardmore Ave, Los Angeles, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/5
null | 6.42% Cap Rate

1193 N Ardmore Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Well Maintained
  • Recent capital improvements

OVERVIEW

11-Unit Apartment Building Investment Opportunity Positioned in one of Los Angeles’ most rapidly evolving rental corridors, 1193 N. Ardmore Avenue presents a rare opportunity to acquire a stabilized multifamily asset in the heart of East Hollywood, a high-demand urban neighborhood driven by strong rental fundamentals, transit connectivity, and ongoing neighborhood revitalization. Property Overview Property Type: Multifamily Apartment Building Unit Count: 11 Units Submarket: East Hollywood Investment Profile: Value-Add / Income Growth Opportunity This well-located apartment community offers investors the ability to acquire a centrally positioned asset with strong in-place income and significant upside through operational improvements and strategic renovations. Investment Highlights Prime Central Location Located minutes from Hollywood, Koreatown, and Silver Lake, the property benefits from access to major employment hubs, entertainment centers, and lifestyle amenities. Located within Little Armenia and walking distance to Thai Town. Strong Rental Demand East Hollywood continues to attract young professionals, healthcare workers, and creative industry tenants seeking affordability relative to neighboring submarkets. Transit Proximity Convenient proximity to Metro transit corridors enhances tenant appeal and long-term rent growth potential within a transit-supported housing market. Value-Add Potential Opportunity to increase NOI through: Interior renovations Market rent adjustments Expense optimization Improved property management strategies

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

11

PRICE/UNIT

$300,000

CAP RATE

6.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

LARD1.5

APN/PARCEL ID

5537-014-035

ASK ABOUT THIS PROPERTY

Jorge YamzonSENIOR VP AND DIRECTORMore Info
626-786-5869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jorge YamzonSENIOR VP AND DIRECTORMore Info
626-786-5869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.