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543 North Ardmore Avenue

Los Angeles CA 90004

14
14
12
9320 sq. ft.
11035 sq. ft.
Other
Currently for sale - view listing

Overview

Fantastic 12 unit building that has been in the same family since it was built in 1958. The property features a desirable unit mix of 10 spacious (1Br+1Ba) units and 2 (2Br+2Ba) with an average unit size of 775 SF. Offered at under 9.82 GRM on current rents and under $214/SF, the property stands out as an excellent "value add" opportunity with appx. 69% upside in rents, NOT including ADU potential. The property has seismic retrofitting and tuck under and carport parking with ADU potential (Buyer to verify). A new roof was installed in 2025. Laundry and storage rooms in the rear. The property is located just south of Melrose Avenue in the heart of Melrose Hill. Excellent access to LA City College, as well as major employment and lifestyle hubs, including post-production studios, creative office corridors, and media companies, and is only minutes from Paramount Studios. Its central location provides convenient connectivity to Hollywood, Koreatown, Silver Lake and DTLA, making it highly attractive to professionals in the entertainment, tech, and creative sectors! With a Walk Score of 86 ("Very Walkable"), tenants enjoy easy access to nearby restaurants, cafes, and the Metro B Line. Call for a rent roll and marketing package.

Features

14 bedrooms
14 bathrooms
12 carspaces
5 carport spaces
1 open car space
6 garage spaces
9320 sq. ft. floor area
11035 sq. ft. lot size
Other

Happy sellers in Los Angeles

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Local market activity for 14 bedroom other properties in Los Angeles

In the last 12 months, 1 numeral.14-bedroom other similar to 543 North Ardmore Avenue, have been sold.

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