412 N Ardmore Ave - Multi-Family FOR SALE


Los Angeles, CA 90004- East Hollywood
$2,700,000 USD
310-780-5357
412 N Ardmore Ave, Los Angeles, CA for Sale
$2,700,000 USD
Multi-Family - FOR SALE
1/9
null | 4.28% Cap Rate

412 N Ardmore Ave
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • Built in 2019 - Not Subject to Rent Control
  • Below Market Rents - Approximately 23% Upside in Rents
  • Great Unit Mix - 2-Bed, 3-Bed & 4-Bed Townhome Units
  • Modern Design and Fixtures
  • Located on a Quiet Street in Hollywood - 88 Walk Score

OVERVIEW

412 Ardmore presents a rare opportunity to acquire a newer-construction fourplex in one of Hollywood’s most consistently high-demand rental pockets. The property consists of two standalone, three-story duplex structures, delivering a highly desirable low-density configuration that resonates strongly with today’s renters. The unit mix includes one 2-bedroom / 1.5-bath unit, one 3-bedroom / 2.5-bath unit, one 3-bedroom / 3.5-bath unit, and one 4-bedroom / 3.5-bath unit, totaling approximately 5,320 square feet of living area — an uncommon offering of larger, highly functional layouts for the submarket. Built to modern standards, the asset offers the features investors prioritize: no rent control, separately metered units for gas, water, and electricity, and minimal maintenance obligations relative to older Hollywood inventory. The contemporary construction, efficient layouts, and strong curb appeal continue to support robust tenant demand and premium rental positioning. Centrally located, the property sits just minutes from Paramount Studios, Raleigh Studios, trendy Larchmont Village, upscale Hancock Park, Koreatown, and, of course, all of the entertainment, retail, and lifestyle amenities that define Hollywood. This exceptional accessibility further enhances tenant appeal and long-term rental stability. Opportunities to secure a newer asset with these fundamentals in such a supply-constrained submarket are extremely limited. With its combination of location, condition, and investor-friendly characteristics, 412 Ardmore stands out as a high-quality multifamily investment well positioned for durable income and long-term appreciation.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$501 USD /SF

# OF UNITS

4

PRICE/UNIT

$675,000

CAP RATE

4.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,279 SF

ZONING

-

APN/PARCEL ID

5521-022-006

ASK ABOUT THIS PROPERTY

310-780-5357

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310-780-5357

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