$3,295,000
-$80,0001045 N Ardmore Avenue, Los Angeles CA 90029
Multi-Family (13 Units)
Property type
44 days
On market
$306
Price per sqft
N/A
Garage
1963
Year built
9,024 sqft
Lot size
Open Houses
Overview
Huge ~600k Price Reduction! Renovated 13-unit building cash flowing at an amazing 6.25% Cap Rate from day 1 with 39% upside to a 9.5% Cap on Proforma! Attractively priced at only $306/SF and $253k/door with a large unit mix consisting of 3 (2bed/2bath) units, 9 spacious (1bed/1bath) units, and 1 (studio/1bath) unit. Majority of the units (7) have been renovated including 2...
Listing provided by: Julio Ruiz DRE #01911261 818-524-0706, Global Platinum Properties, Inc., Armin Soleimani DRE #01846872 310-666-2246, Global Platinum Properties, Inc.
Listing updated: Jun 5, 2026 at 07:19pm.
Last checked: Jun 5, 2026 at 08:00pm
Source: CRMLS #26783127
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $2,495 | $2,349 | $2,495 | Unfurnished |
| 1 | 0 | 1 | — | $1,995 | $778 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $2,495 | $1,228 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,495 | $2,240 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,495 | $1,423 | $2,495 | Unfurnished |
| 1 | 2 | 2 | — | $3,250 | $3,131 | $3,250 | Unfurnished |
| 1 | 2 | 2 | — | $3,250 | $1,220 | $3,250 | Unfurnished |
| 1 | 1 | 1 | — | $2,495 | $2,284 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,495 | $2,271 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,495 | $1,258 | $2,495 | Unfurnished |
| 1 | 2 | 2 | — | $3,250 | $1,544 | $3,250 | Unfurnished |
| 1 | 1 | 1 | — | $2,495 | $2,611 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,495 | $0 | $2,495 | Unfurnished |
# of Buildings: 2
# of Units Total: 13
Financial Snapshot
Gross Rent Multiplier
11.1x
List Price / Annual Gross Rent
Cap Rate
6.25%
NOI / List Price
Net Operating Income: $205,849
Interior
Heating: Wall Furnace
Exterior
Architectural Style: Traditional
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: One Common Wall
Garage and Parking
Parking: Gated
Parking Total: 9
Lot Information
Land Lease: No
Parcel #: 5537019028
Zoning: LAR3
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 1045 N Ardmore Avenue, Los Angeles, CA 90029. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,636,000
Total Interest
$3,362,073
Total Payment
$5,998,073
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$20,244
per month
Property History for 1045 N Ardmore Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90029.
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