543 N Ardmore Ave

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Address: 543 N Ardmore Ave, Los Angeles, CA 90004, USA
California & West + Apartment Buildings
Created date: May 19, 2026
Date last updated: May 19, 2026
Price: $2,000,000Investment Analyzer NEW!
  • Offered at 9.82 GRM on current rents, the property stands out as an excellent “value add” opportunity with appx. 52% upside in rents NOT including ADU potential
  • Buyer to investigate potential to add multiple ADU’s in parking area
  • Near Melrose and Normandie just blocks from LA city College, Melrose Hill, and Virgil Village easy access to the 101 freeway via Melrose
  • Rate ‘Very Walkable’ with a score of 86
  • 1 mile to Courage Bagels to the east and 1 mile to Paramount Studios to the west. Melrose & Western is home to new & trendy spots such as Maison Matho, Little Fish Melrose Hill, Ètra, Ggiata
  • Delicatessen, Cafe Telegram, Cafe Organico, Chainsaw Cafe, Bar Etoile, and more
  • Spacious units averaging over 775 SF each
  • New roof installed in 2025 per Seller
  • Seismic retrofit and foundation bolting was completed in 2018
  • Total of 12 parking spaces: 5 tuck under parking spaces, 6 garages, and 1 open space (currently used for a trash)
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Broker Details

Nicole Apostolos
Nicole Apostolos

Equity Union Real Estate (818) 432-1665 MLS ID: X95361 State License Number: 01464936

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Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $2,000,000
No. of Units: 12
GRM /GIM: 9.82
Opportunity Zone: No
Price per unit: $166,667
Address: 543 N Ardmore Ave, Los Angeles, CA 90004, USA

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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