1114 N Gardner Street

    West Hollywood, CA 90046
    • $3,795,000
    • STATUS: Active
    • ON SITE: 176 days
    • ID#: 19447770
    UPDATED: 42 min ago
    $3,795,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,674
      SQFT
    • $495
      $/SQFT
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Gardner Street Apartments is an 8-unit apartment building located in West Hollywood, a highly desirable submarket of Los Angeles near entertainment, restaurants, schools and shopping. The Property is a charming two-story structure with spacious units including 6 (2+1) and 2 (1+1). The Property presents the opportunity for an investor to acquire a well-maintained asset in a high-demand rental market with the potential to add value through additional renovations. 6 of the 8 units have been completely renovated with high-end finishes including new stainless-steel appliances, new A/C units, refinished hardwood floors, tile floors in kitchens and bathrooms, new kitchen cabinets and tile backsplashes. These renovated units also feature new copper plumbing and electrical wiring, and new in-unit washers and dryers. Through a complete interior renovation, an investor will have the opportunity to capitalize on the remaining rental upside. The exterior and common areas have also been updated.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T00:32:21.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/93031104

    1114 N Gardner Street West Hollywood, CA 90046

    • Price: $3,795,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 19447770
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    7,674
    SQFT
    $495
    $/SQFT
    1948
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    Gardner Street Apartments is an 8-unit apartment building located in West Hollywood, a highly desirable submarket of Los Angeles near entertainment, restaurants, schools and shopping. The Property is a charming two-story structure with spacious units including 6 (2+1) and 2 (1+1). The Property presents the opportunity for an investor to acquire a well-maintained asset in a high-demand rental market with the potential to add value through additional renovations. 6 of the 8 units have been completely renovated with high-end finishes including new stainless-steel appliances, new A/C units, refinished hardwood floors, tile floors in kitchens and bathrooms, new kitchen cabinets and tile backsplashes. These renovated units also feature new copper plumbing and electrical wiring, and new in-unit washers and dryers. Through a complete interior renovation, an investor will have the opportunity to capitalize on the remaining rental upside. The exterior and common areas have also been updated.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Appliances DisposalRefrigeratorDishwasher Appliances YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 3.92 Gross Multiplier 17.03 Gross Operating Income 216206.00 Improvements Amount 1140000 Land Value 1710000 Laundry YN Yes Net Operating Income 148843.00 Special Listing Conditions Standard Total Expenses 67364.00 Zoning Wdr2*

    Listing provided courtesy of Janet Neman of Kidder Mathews Of California,


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T00:32:21.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024