1017 N Gardner Street

    West Hollywood, CA 90046
    • $1,850,000
    • STATUS: Active Under Contract
    • ON SITE: 72 days
    • ID#: 19485992
    Under Contract
    UPDATED: 21 min ago
    $1,850,000
    • 4
      BEDS
    • 0.15
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $740
      $/SQFT
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Amazing investment and/or development opportunity in the heart of West Hollywood, just a few blocks from the trendy Melrose stores and restaurants, and mere minutes from the Grove & Farmers Market. Currently, there is a renovated triplex consisting of the 4BD 2BA main house and 2 studio units in the back; all units can be delivered VACANT at close of escrow; this property is capable of fully carrying itself during the entitlement & plan check process. Lot is zoned WDR3B which allows for up to 5 luxury condos to be built by right. 2 OTHER ADJACENT LOTS ARE AVAILABLE for a much larger 3x lot project - a very rare opportunity. Conceptual architectural plans for a 5-unit luxury condo project, topographic survey & historic assessment report are available & included in the price (Note: there are NO entitlements or permits).

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    Based on information from CARETS as of 2019-09-19T06:49:28.643. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/96653356

    1017 N Gardner Street West Hollywood, CA 90046

    • Price: $1,850,000
    • Status: Active Under Contract
    • Updated: 21 min ago
    • ID#: 19485992
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,500
    SQFT
    $740
    $/SQFT
    1921
    Built
    Neighborhood:
    West Hollywood Vicinity (C10)
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity (C10)
    Property Description
    Amazing investment and/or development opportunity in the heart of West Hollywood, just a few blocks from the trendy Melrose stores and restaurants, and mere minutes from the Grove & Farmers Market. Currently, there is a renovated triplex consisting of the 4BD 2BA main house and 2 studio units in the back; all units can be delivered VACANT at close of escrow; this property is capable of fully carrying itself during the entitlement & plan check process. Lot is zoned WDR3B which allows for up to 5 luxury condos to be built by right. 2 OTHER ADJACENT LOTS ARE AVAILABLE for a much larger 3x lot project - a very rare opportunity. Conceptual architectural plans for a 5-unit luxury condo project, topographic survey & historic assessment report are available & included in the price (Note: there are NO entitlements or permits).
    Exterior Features

    Parking Features DrivewayUncovered Parking Spaces Total 4 Parking Type Garage Is Detached

    Interior Features

    Appliances DryerRefrigeratorWasher Cooking Appliances Range Cooling Type Window Unit(S) Heating Type Space Heater Total Floors 2 Unit Furnished01 Furnished Unit Furnished02 Furnished Unit Furnished03 Furnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 2.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 4 Unit Number Of Bed02 0 Unit Number Of Bed03 0

    Property Features

    Adjusted Gross Income 120000.00 Assessed Improvement Value 40111.00 Assessed Land Value 59127.00 Country United States Of America Expense Total Annual 25500.00 Gross Operating Income 120000.00 Gross Rent Multiplier 15.40 Hoa YN N Legal Disclosures Take Property As IsBuilding Plans AvailableRent Control Lot Size Source Vendor Enhanced Net Operating Income 94500.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Estimated Television Services Cable Tv Unit Monthly Rent01 6000.00 Unit Monthly Rent02 2000.00 Unit Monthly Rent03 2000.00 Unit Projected Total Monthly Rent01 6000.00 Unit Projected Total Monthly Rent02 2000.00 Unit Projected Total Monthly Rent03 2000.00 Unit Total Monthly Rent01 6000.00 Unit Total Monthly Rent02 2000.00 Unit Total Monthly Rent03 2000.00 Unit Type01 1 Unit Type02 2 Unit Type03 3 Units Total In Complex 4 Zoning Wdr3c*

    Listing provided courtesy of Vlad Gold DRE#01340166 of Keller Williams Beverly Hills and Natalia Gold CA DRE# 02062659 of Gold Group Realty, Inc..


    Based on information from CARETS as of 2019-09-19T06:49:28.643. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361