Listing Courtesy Of:
Marcus & Millichap, 310-909-5500, Sean Rosenzweig
Local Realty Services Provided By:
Keller Williams Realty Los Feliz
Overview
What It'll Cost
Neighborhood
Similar Homes
$1,950,000
1266 N Ardmore Ave, Los Angeles, CA 90029
10 Beds
9 Baths
6,340
sq ft
.18
ac
Log In to Reveal Price
$1,950,000
1266 N Ardmore Ave, Los Angeles, CA 90029
Estimation provided by Keller Williams Realty Inc.
10 Beds
9 Baths
6,340
sq ft
.18
ac
Active
For Sale
Property Description
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a nine-unit apartment community located at 1266 North Ardmore Avenue. The subject property is located south of Fountain Avenue and west of Normandie Avenue. Located in the heart of vibrant East Hollywood, this property offers easy access to trendy cafes, local shops, and iconic entertainment in Hollywood, Silver Lake & Echo Park. Its prime location offers easy access to both Sunset Junction, about a mile east, and the Hollywood Freeway, providing an ideal combination of walkability and drivability. With increasing foot traffic, rising demand, and undeniable growth, this area is on a clear upward trajectory. Situated on a 7,939 square foot parcel, the property is comprised of one studio, six one-bedroom units, and two two-bedroom units. The property has more than 33% remaining rental upside through unit renovations. 1266 North Ardmore Avenue offers a compelling opportunity to acquire a property in a sought-after pocket of East Hollywood combined with value-add potential to achieve enhance future returns.
Assessed Value is a combination of the land and additions.
2023
$23,428
(+18.33%)
$1,853,077
Land 1,245,000 +
Additions 608,077
2022
$19,800
(+1.33%)
$1,565,425
Land 1,090,145 +
Additions 475,280
2021
$19,541
(+2.91%)
$1,565,425
Land 1,090,145 +
Additions 475,280
2019
$18,988
(+14,605,892.31%)
$1,541,380
Land 1,078,967 +
Additions 462,413
2017
$0.13
$1,481,528
Land 1,016,736 +
Additions 435,744
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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