508 N Ardmore Avenue, Los Angeles, CA 90004
Local realty services provided by:CENTURY 21 LOTUS
508 N Ardmore Avenue,Los Angeles, CA 90004
$1,750,000
- 11 Beds
- 6 Baths
- 4,103 sq. ft.
- Multi-family
- Active
Listed by: max lee
Office: real broker619-663-8680
MLS#:26846831
Source:CRMLS
Price summary
- Price:$1,750,000
- Price per sq. ft.:$426.52
About this home
"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 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-users...
Contact an agent
Home facts
- Year built:1916
- Listing ID #:26846831
- Added:5 day(s) ago
- Updated:June 18, 2026 at 10:32 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:6
- Kitchen Description:Dishwasher, Disposal, Refrigerator
- Living area:4,103 sq. ft.
Heating and cooling
- Cooling:Dual
- Heating:Combination, Electric
Structure and exterior
- Year built:1916
- Building area:4,103 sq. ft.
- Lot area:0.19 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,750,000
- Price per sq. ft.:$426.52
Features and amenities
- Appliances:Dishwasher, Disposal
Parking
- Total parking spaces:5
- Parking description:Assigned
New listings near 508 N Ardmore Avenue
- New
$1,299,995Active4 beds 3 baths2,436 sq. ft.18778 Algiers Street, Porter Ranch, CA 91326
MLS# SR26131935Listed by: PARK REGENCY REALTY - New
$699,000Active5 beds -- baths2,247 sq. ft.186 E Vernon Avenue, Los Angeles, CA 90011
MLS# CL26848321Listed by: KIDDER MATHEWS OF CALIFORNIA, INC. - New
$1,250,000Active4 beds -- baths2,336 sq. ft.12029 Washington Place, Los Angeles, CA 90066
MLS# CL26848573Listed by: PARDEE PROPERTIES - New
$2,795,000Active12 beds -- baths6,036 sq. ft.1197 Browning Boulevard, Los Angeles, CA 90037
MLS# CL26848695Listed by: COMPASS - New
$649,000Active4 beds -- baths1,596 sq. ft.619 E 87th Street, Los Angeles, CA 90002
MLS# CL26848701Listed by: JOHNHART CORP. - New
$950,000Active7 beds -- baths2,415 sq. ft.1318 E 59th Place, Los Angeles, CA 90001
MLS# CL26848799Listed by: KIDDER MATHEWS OF CALIFORNIA, INC. - New
$1,795,000Active6 beds -- baths3,861 sq. ft.7932 Blackburn Avenue, Los Angeles, CA 90048
MLS# CL26849011Listed by: COMPASS - Open Sat, 1 to 4pmNew
$799,000Active3 beds 2 baths1,473 sq. ft.820 S Wilton Place #201, Los Angeles, CA 90005
MLS# 26848537Listed by: DREAM REALTY & INVESTMENTS INC - New
$439,000Active2 beds 1 baths740 sq. ft.5535 Canoga Avenue #319, Woodland Hills, CA 91367
MLS# 26848939Listed by: KELLER WILLIAMS HOLLYWOOD HILLS - New
$8,500,000Active5 beds 7 baths6,646 sq. ft.2358 Kimridge Road, Beverly Hills, CA 90210
MLS# 26849121Listed by: THE BEVERLY HILLS ESTATES
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.