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29985800
29985799

1193 N Ardmore Ave, Los Angeles, CA 90029

TW
CA 01860419
RE/MAX Masters Realty
RC
CA 01102433
RE/MAX Masters Realty
JY
CA 01359483
RE/MAX Masters Realty
Listed by RE/MAX Masters Realty
$3,000,000
98 days on market
Updated 30 days ago
Opportunity zone

The Ardmore

Details
APN 5537-014-035
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,161
Units 11
Cap Rate 7.07%
NOI $211,991
Occupancy 100%
Pro-Forma Cap Rate 7.07%
Pro-Forma NOI $211,991
Price per SqFt $419
Broker Co-Op Yes
Class B
Year Built 1965
Buildings 1
Stories 2
Lot Size (SqFt) 8,003
Parking Spaces 11 spaces
Parking Per SqFt 1.54
Investment Type Value Add

Investment Opportunity

Marketing description

Investment Opportunity — 11-Unit Apartment Building

1193 N. Ardmore Ave | East Hollywood, Los Angeles, CA

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

 Location: 1193 N. Ardmore Ave, Los Angeles, CA 90029

 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 Blvd , Koreatown, Kaiser Permanente , 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

Investment highlights

Investment Opportunity — 11-Unit Apartment Building

1193 N. Ardmore Ave | East Hollywood, Los Angeles, CA

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

 Location: 1193 N. Ardmore Ave, Los Angeles, CA 90029

 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

Listing Contacts

TW
CA 01860419
RE/MAX Masters Realty
RC
CA 01102433
RE/MAX Masters Realty
JY
CA 01359483
RE/MAX Masters Realty
Listed by RE/MAX Masters Realty

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,991.00
$17,665.92/mo

Valuation Metrics

0
DSCR
7.07%
Cap Rate
7.07%
ROI

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Additional Information

Name
Tania Williams
License
01860419
Brokerage
Re/Max Masters
Brokerage Address
14760 Pipeline Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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