1266 N Ardmore | Los Angeles, CA 90029
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- LoopNet Team
1266 N Ardmore
Los Angeles, CA 90029
9 Units | 6.59% Cap Rate | 10.16 GRM · Multifamily Property For Sale
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9 Units
INVESTMENT HIGHLIGHTS
- There is 33 Percent Remaining Rental Upside Through Interior Renovations
- Residents Enjoy Convenient Access to Vibrant Restaurants, Bars, Gyms, Grocery Stores and Entertainment
- Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment
- Located in a Desirable East Hollywood Pocket with a 91 Walk Score “Walker’s Paradise” —Daily Errands Don’t Require a Car
- Trash and a Water (Select Unit Only) are Paid by Tenants, Leading to a Lower Operating Cost and Higher Yields
- Operating at a Current 6.59% Cap Rate & 10.16 GRM
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 6,340 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | C | Parking Ratio | 0.32/1,000 SF |
| Zoning | LARD1 5 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,340 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.32/1,000 SF |
| Zoning | LARD1 5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 1+1 | 6 | - | 550 |
| 2+1 | 2 | - | 900 |
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