Active

543 N Ardmore Avenue

Los Angeles, CA 90004

$2,000,000 $8,432/Mo

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Overview

Bed

Bath

9,320

Sqft

11,035

Sqft(Lot)

Description

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 o ffice 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.

Property Details

Property Type : Residential Income

Price : $2,000,000

AD Id : 75068295

MLS Id : 26648059

Beds : 14

Lot Size : 11,035 Sqft

Living Area Size : 9,320

Year Built : 1958

Garage : 6

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 14

Bathroom Information

Total Baths: 14 Full Baths: 0 Half Baths: 0

Water/Sewer

Sewer: Sewer Tap Paid
Interior Features

Roof: Composition,Shingle Interior Features: Ceiling Fan(s),Multiple Staircases,Storage Property Appliances: Disposal,Gas Oven Fireplace: None Flooring: Laminate,Tile
Heating Source

Natural Gas,Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1958 Building Area Total: 9,320 Construction: Stucco Roof: Composition,Shingle
Foundation

Raised

Security Features

Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Accessibility Features

None

Pool Features

None

Laundry Features

Common Area,Laundry Room

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2533
Lot Size Source: Assessor Lot Size Square Feet: 11035

Listing Price Information

Original List Price: 2,000,000 Listing Contract Date: 2026-02-05
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5521008003

Garage and Parking

Garage Description: Assigned,Controlled Entrance,Covered,Detached Carport,Gated

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Directions: Head East on Beverly Blvd then make a left onto N Normandie Ave. Make a left onto Maplewood Ave, make a right onto N Ardmore Ave, the subject property is on the left. Zoning: LAR3 Source Property Type: Residential Income Area: C17 - Mid-Wilshire
Building and Construction

Property Age: 68 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 9320 Entry Location: Ground Level w/steps Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
542 N Commonwealth, Los Angeles, CA, 90004	$1,675,000	3	3	2,847	2,847 SqFt
432 N Commonwealth, Los Angeles, CA, 90004	$795,000	4	2	1,432	1,432 SqFt
441 N Commonwealth Avenue, Los Angeles, CA, 90004	$850,000	1	1	1,014	1,014 SqFt
447 N Commonwealth Avenue, Los Angeles, CA, 90004	$900,000	3	--	1,798	1,798 SqFt
3812 Middlebury, Los Angeles, CA, 90004	$799,800	3	2	1,240	1,240 SqFt
449 N Virgil, Los Angeles, CA, 90004	$1,299,000	2	2	1,886	1,886 SqFt
3220 W 2nd Street, Los Angeles, CA, 90004	$1,480,000	8	--	7,985	7,985 SqFt
210 S Commonwealth Avenue, Los Angeles, CA, 90004	$3,590,000	24	--	10,884	10,884 SqFt
124 N Westmoreland Avenue, Los Angeles, CA, 90004	$4,350,000	--	--	17,730	17,730 SqFt
118 N Westmoreland Avenue, Los Angeles, CA, 90004	$3,750,000	--	--	18,765	18,765 SqFt

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ByOwner last updated this listing 06/17/2026 @ 12:56

MLS: 26648059 LISTED BY: Dana Coronado, Compass 818-783-7721 SOURCE: CRMLS