Active

1020 N Ardmore Avenue

Los Angeles, CA 90029
Mark as Favorite
Bed 57

Bed

Bath 57

Bath

SqFt25,292

Sqft

SqFt8,917

Sqft(Lot)

Welcome to 1020 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 that is SB8 exempt and currently a vacant land. 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 l ocated 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 this property being located in Tier 5, Section 8 vouchers most recently updated voucher payment standards has amounts of $2,310 for 1 bd and $2,058 for Studios for this zip code (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!

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,149,999

AD Id : 91569165

MLS Id : 26994757

Beds : 57

Lot Size : 8,917 Sq. Ft

Living Area Size : 25,292 Sq. Ft

Year Built : 2026

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 57

    Bathroom Information

    Total Baths: 57
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2026
    Building Area Total: 25292
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 8917 Lot Size Acres: 0.2047 Lot Size Square Feet: 8,917

  • Listing Price Information

    Listing Price: $2149999

  • Tax Information

    Parcel Number: 5537018021

  • Location Information

    Direction: South of Santa Monica and North of Melrose, East of Western
Sell a home like this and save $128,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1123 N Alexandria, Los Angeles, CA, 90029 $1,700,000 7 -- -- 6,540 Sq. Ft
1247 N Hoover Street, Los Angeles, CA, 90029 $1,649,000 4 3 1,517 5,178 Sq. Ft
4139 Normal, Los Angeles, CA, 90029 $1,299,999 9 6 -- 6,202 Sq. Ft
1137 N Madison Avenue, Los Angeles, CA, 90029 $1,295,000 7 4 3,678 12,209 Sq. Ft
1257 1/2 N New Hampshire, Los Angeles, CA, 90029 $1,287,500 7 -- -- 6,255 Sq. Ft
1257 1/2 N New Hampshire, Los Angeles, CA, 90029 $1,287,500 7 4 2,490 6,255 Sq. Ft
4920 4922 W Fountain Av.., Los Angeles, CA, 90029 $1,499,000 3 -- 1,656 6,827 Sq. Ft
1010 N Alexandria Avenue, Los Angeles, CA, 90029 $900,000 4 2 1,857 5,058 Sq. Ft
5253 Fountain Avenue, Los Angeles, CA, 90029 $2,500,000 7 4 -- 10,171 Sq. Ft
846 N Harvard Boulevard, Los Angeles, CA, 90029 $1,470,000 1 1 -- 5,249 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/01/2026 @ 23:10

MLS: 26994757 LISTED BY: Daniel Lalezari, Keller Williams Hollywood Hills 310-623-1300 SOURCE: CRMLS

Homes around $2,149,999

Selling? Save $128,501 when you sell a home like this

Tour with a ByOwner Agent