843 Ardmore Ave Los Angeles, CA 90005

This exceptional 15-unit apartment building presents a compelling investment opportunity in the desirable Los Angeles, CA market. Located at 843 S Ardmore Ave, 90005, this three-story building, constructed in 1989, boasts 13,095 square feet on a 6,762 square foot lot. The property features a convenient subterranean parking garage with 16 spaces, an elevator servicing all floors, and a central hallway plan. Each of the 15 units is equipped with its own hot water heater and wall unit heating and air conditioning. Resident amenities include leased laundry machines on each floor and an AT&T entry system. The building is also conveniently serviced by Spectrum internet. The property is zoned LAR4 and benefits from its proximity to Wilshire Boulevard, a prime location offering strong rental demand and potential for rental increases. The building's well-maintained condition and desirable features make it an attractive investment with a 5.10% cap rate and an asking price of $4,200,000. This is a solid, no-frills building in a strong rental area, presenting a promising return on investment.