$ 2,300,000
-
$2,300,000
Price -
8
Bed -
8
Bath -
9,320
SqFt
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About the Listing CLW-X8146116 - CLW-X89926,CLW-X95361
Fantastic 12 unit building that has been in the same family since it was built in 1958. The property features a desirable unit mix of 10 spacious (1Br+1Ba) units and 2 (2Br+2Ba) with an average unit size of 775 SF. Offered at under 11.29 GRM on current rents and under $250/SF, the property stands out as an excellent "value add" opportunity with appx. 56% upside in rents, NOT including ADU potential. The property has seismic retrofitting and tuck under and carport parking with ADU potential (Buyer to verify). A new roof was installed in 2025. Laundry and storage rooms in the rear. The property is located just south of Melrose Avenue in the heart of East Hollywood. Excellent access to LA City College, as well as major employment and lifestyle hubs, including post-production studios, creative office corridors, and media companies, and is only minutes from Paramount Studios. Its central location provides convenient connectivity to Hollywood, Koreatown, Silver Lake and DTLA, making it highly attractive to professionals in the entertainment, tech, and creative sectors! With a Walk Score of 86 ("Very Walkable"), tenants enjoy easy access to nearby restaurants, cafes, and the Metro B Line. Call for a rent roll and marketing package.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
26648059
Year Built
1958
Total Square Footage
9,320
Lot/Acreage
0.25
County
Los Angeles
Area
C17 - Mid-Wilshire
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances: Disposal, Gas Oven
- Air Cond:
- Heating: Wall Furnace,Natural Gas
- Fireplaces:
- Floor: Tile,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),2 Staircases,Storage
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 12
- Zoning: LAR3
- Roof: Composition,Shingle
- Others: 2+ Total Units
- Sewer: Sewer Paid
- Parking Features: Detached Carport,Assigned,Controlled Entrance,Covered,Gated
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5521008003
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
543 N Ardmore Ave Los Angeles, CA 90004
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