1045 N Ardmore Ave, Los Angeles, CA, 90029
About This Home
Huge 500k Price Reduction! Renovated 13-unit building cash flowing at an amazing 6.25% Cap Rate from day 1 with 37% upside to a 9.3% Cap on Proforma! Attractively priced at only $313/SF and $259k/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 brand-new attached ADUs. Amenities include gated entry, communal laundry room, large balconies, large patios, as well as 9 parking spaces (4 of which have not been officially assigned and may be rented for additional income). Many units boast updated cabinets, flooring, lighting, bathrooms, and significant exterior improvements including soft-story retrofit. Prime East Hollywood location just minutes away from the Vermont/Santa Monica Metro station, Silverlake, Hollywood, West Hollywood as well as many hip neighborhood attractions, restaurants, bars, and shops such as Hollywood Walk of Fame, Griffith Observatory, Cara Hotel, Saffy's Restaurant, Courage Bagels, and many more.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1963
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 15
- Bathrooms: 16
Heating & Cooling
- Heating features: Wall
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 10,780
- Total interior livable area: 10,780 sqft
Property
Details
- Zoning: LAR3
- Special condition: Standard
- Other equipment: None
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 9,025 sqft
Parking
- Total spaces: 9
- Parking features: Gated
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,155 | $193,860 |
| Home Insurance * | $568 | $6,816 |
| Property Taxes | $1,783 | $21,396 |
| Electricity | $2,311 | $27,739 |
| Total | $20,817 | $249,804 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Listing removed | $1,695 |
| 2026-04-25 | Listed for rent | $1,695 |
| 2026-04-25 | Listing removed | $1,695 |
| 2026-04-23 | Listed for sale | $3,375,000 |
| 2026-04-22 | Listing removed | $3,375,000 |
| 2026-03-27 | Listed for rent | $1,695 |
| 2026-03-23 | Price change | $3,375,000 |
| 2026-01-22 | Listed for sale | $3,500,000 |
| 2025-12-18 | Listing removed | $3,550,000 |
| 2025-11-26 | Price change | $3,550,000 |
| 2025-10-21 | Listed for sale | $3,695,000 |
| 2025-10-20 | Listing removed | $3,695,000 |
| 2025-09-22 | Price change | $3,695,000 |
| 2025-08-25 | Listed for sale | $3,750,000 |
| 2025-08-22 | Listing removed | $3,750,000 |
| 2025-07-31 | Price change | $3,750,000 |
| 2025-06-23 | Listed for sale | $3,895,000 |
| 2021-11-09 | Listing removed | -- |
| 2021-09-16 | Listed for sale | $3,195,000 |
| 2021-02-16 | Sold | $2,125,000 |
| 2016-09-03 | Listing removed | $1,850,000 |
| 2016-03-03 | Listed for sale | $1,850,000 |
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