1114 N Gardner Street

    West Hollywood, CA 90046
    • $3,995,000
    • STATUS: Active
    • ON SITE: 77 days
    • ID#: 18340350
    UPDATED: 158 min ago
    $3,995,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,674
      SQFT
    • $521
      $/SQFT
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Just Reduced to $3,995,000. The property is a 2-story building with a total of 8 parking spaces. 1114-1116 N Gardner St is a very charming, American Colonial apartment building situated in the prime West Hollywood submarket of Los Angeles. Built in 1948, this well maintained 8 Unit, 2-story building is accented by lush landscaped courtyards and common area spaces on both the north and south sides of the building. This property features an excellent unit mix of 6 spacious two-bedroom one-bathroom Units and 2 one-bedroom one-bathroom Units. All units have hardwood floors, large kitchens, and separate dining areas. The property also has 3 side-by-side 2 car garages with an additional 2 uncovered parking spots for a total of 8 parking spaces. Parking plans have been approved by the City of West Hollywood to make two out of the three 2-car garages from 4 parking spaces to 4 tandem parking space (total of 4 additional parking spaces) that could be used to increase income. Motivated Seller!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T00:29:22.327. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83213502

    1114 N Gardner Street West Hollywood, CA 90046

    • Price: $3,995,000
    • Status: Active
    • Updated: 158 min ago
    • ID#: 18340350
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    7,674
    SQFT
    $521
    $/SQFT
    1948
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    Just Reduced to $3,995,000. The property is a 2-story building with a total of 8 parking spaces. 1114-1116 N Gardner St is a very charming, American Colonial apartment building situated in the prime West Hollywood submarket of Los Angeles. Built in 1948, this well maintained 8 Unit, 2-story building is accented by lush landscaped courtyards and common area spaces on both the north and south sides of the building. This property features an excellent unit mix of 6 spacious two-bedroom one-bathroom Units and 2 one-bedroom one-bathroom Units. All units have hardwood floors, large kitchens, and separate dining areas. The property also has 3 side-by-side 2 car garages with an additional 2 uncovered parking spots for a total of 8 parking spaces. Parking plans have been approved by the City of West Hollywood to make two out of the three 2-car garages from 4 parking spaces to 4 tandem parking space (total of 4 additional parking spaces) that could be used to increase income. Motivated Seller!
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Cap Rate 3.49 Gross Multiplier 18.64 Gross Operating Income 209066.00 Improvements Amount 1140000 Land Value 1710000 Laundry YN No Net Operating Income 141386.00 Special Listing Conditions Standard Total Expenses 69419.00 Zoning Wdr2*

    Listing provided courtesy of Arthur Arejian of Arthur Arejian, Broker.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T00:29:22.327. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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