$2,200,000
917 Ardmore Avenue, Los Angeles 90029
1
Bed
2
Baths
5,666
Square feet
9,053
Lot Size
10
# Of Units
Listing Agent
William James - Lyon Stahl Investment Real Estate, Inc.We are pleased to present 917 N. Ardmore Avenue, a 10-unit multifamily investment opportunity located in the heart of Hollywood, ideally situated between Melrose Avenue and Santa Monica Boulevard. Built in 1959, the property offers an excellent unit mix comprising one (1) studio and nine (9) one-bedroom, one-bathroom units, totaling approximately 5,666 square feet of rentable space. The building is situated on a generous 9,050 square foot lot zoned LAR3, providing significant development potential. The units are distributed across two separate structures with ample on-site open parking. With nearly 25% rental upside, this offering presents a compelling value-add opportunity. A new owner can capitalize on below-market rents as units turn, while also exploring the potential to add additional units on the spacious R3-zoned lot. Priced at 11 times gross rent, attractive new acquisition financing is available.
Facts & Features
| MLS® # | 25525603 |
|---|---|
| Price | $2,200,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Square Footage | 5,666 |
| Lot Size | 9,053 |
| Year Built | 1959 |
| Type | Residential Income |
| Style | Mid-Century Modern |
| Status | Active |
| # Of Units | 10 |
Community Information
| Address | 917 Ardmore Avenue |
|---|---|
| Area | C20 - Hollywood |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90029 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Assigned, Uncovered |
| Garages | Assigned, Uncovered |
| View | City Lights |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Gas Range, Refrigerator |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Multi/Split |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Rectangular Lot |
| Construction | Stucco |
Additional Information
| Date Listed | May 1st, 2025 |
|---|---|
| Days on Market | 19 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | William James |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |