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543 N Ardmore Avenue, Los Angeles, CA 90004

$2,000,000 Approx. USD 14 beds, 14 baths
9,320 sqft

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Photo of Scott Waid

Marketed By Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
Phone: 858-487-3520
Fax: 858-451-0932

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Listing Agent

Dana Coronado | dana@incomepropertiesla.com
Lic#: 01746702
Broker: Courtesy of Compass
Phone: 310-562-9630

Co Listing Agent

Nicole Apostolos | nicole@investmentsla.com
Lic#: 01464936
Broker: Courtesy of Equity Union
Phone: 818-380-5294

Agent Remarks

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 office 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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26648059

List price is $2,000,000 Reduced by $200,000 on 5/26/2026

Price: $2,000,000

Beds: 14

Baths: 14

None fireplaces

Built in 1958

9,320 sqft

2 stories

0.25 acres

Lot size: 0.2533

County: Los Angeles

Property style: Mid-Century Modern

Zoning: LAR3

Construction: Stucco

Interior features: Ceiling Fan(s),Multiple Staircases,Storage

Appliances: Disposal,Gas Oven

Parking description: Assigned,Controlled Entrance,Covered,Detached Carport,Gated

Heating description: Natural Gas,Wall Furnace

MLS area: C17 - Mid-Wilshire

Last Updated: 6/11/2026

Days On Market (DOM): 136

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This listing belongs to the C17 - Mid-Wilshire MLS area

The style of this listing is Mid-Century Modern.
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Lat/Long: 34.081234, -118.302246.
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Previous Listing

Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com
Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128