$1,699,000

PRICE DROPPED TO SELL FAST!! 2 UNITS WILL BE DELIVERED VACANT AT COE. 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… Read More Future appreciation Potential redevelopment (LAR3) 5.5% commercial rates are VERY attractive right now At today's favorable commercial financing environment, investors have a rare opportunity to leverage immediate upside with strong long-term appreciation potential. 2 VACANT UNITS This is your GOLD. LA multifamily buyers LOVE: Immediate repositioning No eviction headache Instant NOI increase Two vacant units delivered at close create immediate flexibility for market-rate leasing, furnished rental operations, or owner-user occupancy. Potential opportunity for furnished rental or short-term rental strategy (buyer to verify local regulations). VALUE-ADD STRATEGY investors thinking: force appreciation.Rental upside Renovation upside Operational upside Market rent gap Example: Significant upside potential through strategic renovations and rent repositioning.LAR3 = LONG TERM PLAY Investors: LAR3 = future density potential LAR3 zoning provides long-term redevelopment and densification potential in a rapidly evolving East Hollywood corridor. LOCATION: This property is sitting in: East Hollywood Near Koreatown Near Netflix Near Larchmont Near 101 FWY That's a HUGE renter pool. Positioned: Located within one of Los Angeles' strongest renter-driven submarkets with proximity to major employment and entertainment hubs.Rare East Hollywood / Koreatown Value-Add Opportunity We are pleased to present 508 N Ardmore Ave, a rare value-add multifamily investment opportunity located in the highly desirable East Hollywood / Koreatown corridor of Los Angeles. The property consists of: One remodeled 3BR/2BA + den single-family residence with private yard Four 2BR/1BA apartment units built in 1987 Approximately 4,103 SF building area on an 8,250 SF LAR3-zoned lot Two units will be delivered vacant at closing, creating immediate flexibility for: Market-rate leasing Furnished rental strategy Potential short-term rental operation (buyer to verify) Owner-user occupancy The property offers strong operational fundamentals including: 5 on-site parking spaces On-site laundry Individual water heaters Security camera system Located just minutes from Larchmont Village, Netflix, Hollywood, Koreatown, Silver Lake, Echo Park, Downtown Los Angeles, and the 101 Freeway, the asset benefits from one of LA's strongest renter-driven submarkets. Investors will appreciate the significant upside potential through: Rent repositioning Strategic renovations Vacancy leverage Long-term redevelopment potential under LAR3 zoning At today's favorable commercial financing environment, this property presents a compelling opportunity to acquire a cash-flowing asset with immediate and long-term upside. BEST FOR:1031 exchange buyers Airbnb/furnished operators Small apartment syndicators, Young owner-user!! Read Less

Courtesy of Real Broker 619-663-8680

Listing Snapshot

Days Online

Last Updated

Aug 9, 2026

Property Type

Other

Beds

Square Ft.

4,103

Lot Size

0.19 Acres

Year Built

1916

MLS Number

26846831

Additional Details

Appliances & Equipment

Dishwasher, Refrigerator, Range/Oven, Garbage Disposal

Building

4,103 sq ft, Built in 1916, Levels: One Level

Cooling

Ceiling Fan, Dual, Window Unit(s)

Disclosures

As Is

Garage

Assigned

Heating

Combination, Electric

Lot

LotAcreage: 0.1894, LotSizeArea: 8,250, LotSizeDimensions: 53x150

Parking

TotalParking: 5

Property

NumberOfUnits: 5, OtherStructures: None, Zoning: LAR3

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