417 Gardner St, Los Angeles, CA 90036
4 Unit Apartment Building | $1,995,000 ($498,750/Unit) | 4.09% Cap Rate | Los Angeles, CA 90036
For Sale
Active
21 pictures
Asking Price $1,995,000
- Property Type
-
Multifamily
- Square Feet
- 4,790 SF
Listing Contacts
Errol Spiro
Jon Bloom
Property Overview
The Gardner St Residences provide an incredible investment opportunity for a savvy multi-family investor or an owner-occupier who wants to live at the property and move in one of the 2 BR vacant units.
This gem of a four unit property is located in a prime Miracle Mile location, north of Beverly Blvd. & West of La Brea Ave, very close to The Grove Shopping Center and Melrose Ave.
The property was constructed in 1931 and is approximately 4,392 SF. The Gardner St. Residences has an excellent unit mix with all of the units being spacious 2 BR + 1 Bath units.
Two of the four units will be delivered VACANT!. The other two units are receiving rents well below market creating a quintessential value-add opportunity.
The property sits on a large 6,494 SF lot with four separate garages located at the rear of the property. There is the possibility of turning those garages into ADU units, adding another avenue for a new buyer to add more income and value to the building. The Gardner St. Residences presents a compelling investment opportunity, characterized by a prime LA location, exceptional walkability, and promising upside potential through renovations and ADU's. This fourplex is an attractive option for investors or owner-occupier aiming to capitalize on the dynamic Los Angeles real estate market.
This gem of a four unit property is located in a prime Miracle Mile location, north of Beverly Blvd. & West of La Brea Ave, very close to The Grove Shopping Center and Melrose Ave.
The property was constructed in 1931 and is approximately 4,392 SF. The Gardner St. Residences has an excellent unit mix with all of the units being spacious 2 BR + 1 Bath units.
Two of the four units will be delivered VACANT!. The other two units are receiving rents well below market creating a quintessential value-add opportunity.
The property sits on a large 6,494 SF lot with four separate garages located at the rear of the property. There is the possibility of turning those garages into ADU units, adding another avenue for a new buyer to add more income and value to the building. The Gardner St. Residences presents a compelling investment opportunity, characterized by a prime LA location, exceptional walkability, and promising upside potential through renovations and ADU's. This fourplex is an attractive option for investors or owner-occupier aiming to capitalize on the dynamic Los Angeles real estate market.
Property Details
- Class
- C
- Year Built
- 1926
- Stories
- 2
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 4
Highlights
- Prime Miracle Mile Location - North of Beverly Blvd. & West of La Brea Ave.
- All Units are Spacious 2 BR + 1 Bath
- Two (2) of the four (4) units will be delivered VACANT!
- Large 4,392 SF Building that was built in 1931
- Large 6,494 SF Lot - Zoned LARD 1.5
- Close proximity to The Grove Shopping Center and Melrose Ave.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].