4180 Garthwaite Ave, Los Angeles, CA 90008
12 Unit Apartment Building | $2,550,000 ($212,500/Unit) | 5% Cap Rate | Los Angeles, CA 90008
For Sale
Active
17 pictures
Asking Price $2,550,000
- Property Type
-
Multifamily
- Square Feet
- 11,032 SF
Listing Contacts
Luther Henderson
Peter Bledsoe
Property Overview
4180 GARTHWAITE AVENUE, LOS ANGELES, CA 90008
This property is in the historically desirable Leimert Park neighborhood of Los Angeles. This well maintained twelve-unit (one bedroom-one bathroom) apartment building is surrounded by aesthetically pleasing tree lined avenues. Each unit is spacious giving the resident a warm feeling of home. The green front yard provides a feeling of being one with nature. Located in proximity to rapid transit, shopping, local schools and institutions of higher learning, the area has experienced a renaissance. The time is now to seize the opportunity to invest in a property nestled within a hidden oasis.
This spacious superbly maintained apartment residence provides one a tranquil sanctuary within a medium sized apartment compound away from the surrounding fast paced urban environment. Hardwood floors abound with generous closet space.
Centrally located within minutes of the 405, 110 and 10 Freeways, this ideal location provides access to major area shopping areas in Ladera Heights, Culver City Westfield Culver City, the Westside of Los Angeles, and within minutes of SoFi Stadium. Nearby educational opportunities abound with West Los Angeles College minutes away with all the cultural opportunities afforded to the greater Los Angeles area, The Hollywood Bowl, the Disney Concert Hall, and many more.
This investment opportunity has the makings to attract the astute investor. Seize this growth opportunity in this prestigious location. This property has great rental increase potential as all tenants are currently on month-to-month tenancy. Buyer to rely solely on Buyer’s independent investigations. Drive by only! Do not disturb occupants. Property is sold in “As-Is” condition. Upon an accept offer, Buyer shall have the right to inspect the property at Buyer’s expense and rely solely on Buyer’s inspections and investigations. Property is sold for All Cash, Cash to New Loan, or terms and conditions acceptable to the Seller. Seller shall select all services, including escrow, title services, and pest control services, if applicable. Please contact listing agents for more information. ALL TENANTS ARE MONTH TO MONTH. Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer’s cooperation in such an exchange and agrees to hold Buyer harmless from all claims, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.
AGENT REMARKS:
Do not disturb occupants / tenants. All offers shall be submitted on the “Residential Income Purchase Agreement and Joint Escrow Instructions” (California Association of Realtors Form RIPA, Revised 6/23). To be considered All offers must include, but not limited to, verification of funds, “Desk Top Verification Underwriting” (“DU”) pre-approval letter from primary lender / mortgage broker, proof of credit, financials & FICO scores. Property shall be shown upon an accepted offer only. Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer’s cooperation in such an exchange. Email offers with supporting documentation to Seller’s agent THE BLEDSOE HENDERSON GROUP, [email protected] and [email protected].
SHOWING REMARKS:
Drive by only. Interior viewing upon Accepted Offer. DO NOT DISTURB TENANTS.
This property is in the historically desirable Leimert Park neighborhood of Los Angeles. This well maintained twelve-unit (one bedroom-one bathroom) apartment building is surrounded by aesthetically pleasing tree lined avenues. Each unit is spacious giving the resident a warm feeling of home. The green front yard provides a feeling of being one with nature. Located in proximity to rapid transit, shopping, local schools and institutions of higher learning, the area has experienced a renaissance. The time is now to seize the opportunity to invest in a property nestled within a hidden oasis.
This spacious superbly maintained apartment residence provides one a tranquil sanctuary within a medium sized apartment compound away from the surrounding fast paced urban environment. Hardwood floors abound with generous closet space.
Centrally located within minutes of the 405, 110 and 10 Freeways, this ideal location provides access to major area shopping areas in Ladera Heights, Culver City Westfield Culver City, the Westside of Los Angeles, and within minutes of SoFi Stadium. Nearby educational opportunities abound with West Los Angeles College minutes away with all the cultural opportunities afforded to the greater Los Angeles area, The Hollywood Bowl, the Disney Concert Hall, and many more.
This investment opportunity has the makings to attract the astute investor. Seize this growth opportunity in this prestigious location. This property has great rental increase potential as all tenants are currently on month-to-month tenancy. Buyer to rely solely on Buyer’s independent investigations. Drive by only! Do not disturb occupants. Property is sold in “As-Is” condition. Upon an accept offer, Buyer shall have the right to inspect the property at Buyer’s expense and rely solely on Buyer’s inspections and investigations. Property is sold for All Cash, Cash to New Loan, or terms and conditions acceptable to the Seller. Seller shall select all services, including escrow, title services, and pest control services, if applicable. Please contact listing agents for more information. ALL TENANTS ARE MONTH TO MONTH. Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer’s cooperation in such an exchange and agrees to hold Buyer harmless from all claims, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.
AGENT REMARKS:
Do not disturb occupants / tenants. All offers shall be submitted on the “Residential Income Purchase Agreement and Joint Escrow Instructions” (California Association of Realtors Form RIPA, Revised 6/23). To be considered All offers must include, but not limited to, verification of funds, “Desk Top Verification Underwriting” (“DU”) pre-approval letter from primary lender / mortgage broker, proof of credit, financials & FICO scores. Property shall be shown upon an accepted offer only. Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer’s cooperation in such an exchange. Email offers with supporting documentation to Seller’s agent THE BLEDSOE HENDERSON GROUP, [email protected] and [email protected].
SHOWING REMARKS:
Drive by only. Interior viewing upon Accepted Offer. DO NOT DISTURB TENANTS.
Property Details
- Class
- C
- Year Built
- 1936
- Stories
- 2
- Units
- 12
Highlights
- HISTORIC LEIMERT PARK NEIGHBORHOOD - LOS ANGELES
- BEHOLD! EXCELLENT INVESTMENT - LONG TERM GROWTH OPPORTUNITY - ENJOY THE BENEFITS OF A NEIGHBORHOOD RENAISSANCE!
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