1114 N Gardner Street

    West Hollywood, CA 90046
    • $3,795,000
    • STATUS: Active
    • ON SITE: 177 days
    • ID#: 19447770
    $3,795,000
    • 14
      BEDS
    • 0.24
      ACRES
    • 8
      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 CARETS as of 2019-09-18T23:49:09.137. 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/93027640

    1114 N Gardner Street West Hollywood, CA 90046

    • Price: $3,795,000
    • Status: Active
    • ID#: 19447770
    14
    Beds
    8
    Baths
    0
    ½ Baths
    0.24
    Acres
    7,674
    SQFT
    $495
    $/SQFT
    1948
    Built
    Neighborhood:
    West Hollywood Vicinity (C10)
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity (C10)
    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

    Parking Spaces Total 8 Parking Type Assigned

    Interior Features

    Appliances DishwasherDryerGarbage DisposalRefrigeratorWasher Cooking Appliances Range Cooling Type Air Conditioning Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially 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 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2

    Property Features

    Adjusted Gross Income 222893.00 Assessed Improvement Value 1140000.00 Assessed Land Value 1710000.00 Cap Rate 3.92 Country United States Of America Expense Total Annual 67364.00 Gross Operating Income 216206.00 Gross Rent Multiplier 17.03 Hoa YN N Legal Disclosures Rent Control Lot Size Source Public Records Net Operating Income 148843.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 5034.00 Unit Monthly Rent02 13271.00 Unit Projected Total Monthly Rent01 5190.00 Unit Projected Total Monthly Rent02 18900.00 Unit Total Monthly Rent01 5034.00 Unit Total Monthly Rent02 18900.00 Unit Type01 2 Unit Type02 6 Units Total In Complex 8 Zoning Wdr2*

    Listing provided courtesy of Janet Neman DRE#01069127 of Kidder Mathews Of California, Inc..


    Based on information from CARETS as of 2019-09-18T23:49:09.137. 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