Active

1022 N Ardmore Avenue

Los Angeles, CA 90029
Mark as Favorite
Bed 57

Bed

Bath 0

Bath

SqFt25,292

Sqft

SqFt8,917

Sqft(Lot)

Welcome to 1022 N ARDMORE AVE, a fully entitled RTI( Ready to Issue) permit project perfect for Developers, Investors , Contractors and Builders, ready to pull permits and to start building. This SHOVEL READY 100% Affordable ED1 project features 57 units including a manager's office that can be converted into a unit, 40-1 bedroom, 17- studios across a Type V, four story, fully stacked designed which features all wood frame floors on an almost 9,000 square foot lot plus an alley. This design has a significant savings in construction costs and time maximizing the most units with much lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of Los Angeles most vibrant and high demand area, the property located in Hollywood close to Sunset BLVD with a walk score of 87, close to restaurants, coffee shops and shopping centers. Due to its central location, the area is within top employment hubs and is minutes from Larchmont, Silverlake, Hollywood Walk of FAME, Paramount Studios, Melrose Hills and it is a highly desirable and attractive area that has other brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area, close to the Vermont/Sunset Metro Subway Station, making this very walkable and bike friendly. The stackable design features 25,292 square feet of building area with units ranging from approx 300-456 square feet. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 57 units would bring a monthly gross income of $123,044 and yearly gross income of $1,476,528, or a buyer can look into achieving higher rents with Section 8 vouchers (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area. Each unit is designed for maximum affordability and optimized rental income. This development presents a rare and immediate opportunity for developers to bring much-needed affordable housing to one of LA's most sought-after areas. BUYER TO VERIFY ALL!

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,499,999

AD Id : 79259679

MLS Id : 26839043

Beds : 57

Lot Size : 8,917 Sqft

Living Area Size : 25,292

Year Built : 2026

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 57

    Bathroom Information

    Total Baths: 57 Full Baths: 0 Half Baths: 0
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 2026 Building Area Total: 25,292

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2047
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8917

  • Listing Price Information

    Original List Price: 2,499,999 Listing Contract Date: 2026-05-26
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5537018021

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C20 - Hollywood Postal Code Plus 4: 2402 Directions: South of Santa Monica and North of Melrose, East of Western Zoning: LAR3 Source Property Type: Residential Income Area: C20 - Hollywood
  • Building and Construction

    Property Age: 0 Year Built Source: Estimated Total Square Feet Living: 25292 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1209 Hyperion Avenue, Los Angeles, CA, 90029 $1,129,000 -- -- 2,945 2,945 SqFt
1180 N Hoover Street, Los Angeles, CA, 90029 $1,195,000 3 1 1,166 1,166 SqFt
863 1/2 Hyperion Avenue, Los Angeles, CA, 90029 $2,800,000 4 4 2,853 2,853 SqFt
1000 Myra Avenue, Los Angeles, CA, 90029 $1,695,000 3 2 1,513 1,513 SqFt
1222 N Virgil Avenue, Los Angeles, CA, 90029 $998,000 3 3 1,865 1,865 SqFt
1135 N Commonwealth Ave.., Los Angeles, CA, 90029 $1,299,995 3 2 1,571 1,571 SqFt
760 N Arthur Road, Los Angeles, CA, 90029 $1,995,000 3 3 2,538 2,538 SqFt
4523 Lexington Avenue, Los Angeles, CA, 90029 $1,098,800 3 2 1,184 1,184 SqFt
718 N Hoover Street, Los Angeles, CA, 90029 $1,699,000 4 -- 3,912 3,912 SqFt
4140 Normal Avenue, Los Angeles, CA, 90029 $3,000,000 12 -- 7,148 7,148 SqFt

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ByOwner last updated this listing 06/19/2026 @ 01:05

MLS: 26839043 LISTED BY: Daniel Lalezari, Keller Williams Hollywood Hills 310-623-1300 SOURCE: CRMLS

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