$1,750,000
508 N Ardmore Avenue, Los Angeles CA 90004
Multi-Family (5 Units)
Property type
25 days
On market
$427
Price per sqft
N/A
Garage
1916
Year built
8,250 sqft
Lot size
Home highlights
Open Houses
Overview
"Rare East Hollywood value-add opportunity with immediate operational upside and vacancy leverage at close." All the buyers want: Cash flow NOW Ability to raise NOI FAST Low interest rate leverage Airbnb / furnished rental angle Future appreciation Potential redevelopment (LAR3) 5.5% commercial rates are VERY attractive right now "At today's favorable commercial financing...
Listing provided by: Max Lee DRE #01905008 213-434-2433, Real Broker
Listing updated: Jun 1, 2026 at 03:48pm.
Last checked: Jun 5, 2026 at 07:00am
Source: CRMLS #26832295
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,134 | $1,134 | $2,500 | Unfurnished |
| 1 | 2 | 1 | — | $2,000 | $2,000 | $2,500 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $2,500 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $2,500 | Unfurnished |
| 1 | 3 | 2 | — | $4,180 | $4,180 | $4,300 | Unfurnished |
# of Buildings: 1
# of Units Total: 5
Dishwasher: 5
Disposal: 5
Refrigerator: 5
Financial Snapshot
Gross Rent Multiplier
11.8x
List Price / Annual Gross Rent
Cap Rate
6.16%
NOI / List Price
Net Operating Income: $107,816
Interior
Cooling: Dual
Heating: Combination, Electric
Appliances: Dishwasher, Disposal, Refrigerator
Exterior
Stories Total: 0
Levels: Two
Garage and Parking
Parking: Assigned
Parking Total: 5
Lot Information
Land Lease: No
Parcel #: 5520012015
Zoning: LAR3
Lot Size Dimensions: 53x150
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 508 N Ardmore Avenue, Los Angeles, CA 90004. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,400,000
Total Interest
$1,785,623
Total Payment
$3,185,623
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,822
per month
Property History for 508 N Ardmore Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90004.
Similar Homes
Listings with similar prices to 508 N Ardmore Avenue