943 North Gardner Street
West Hollywood, CA, 90046 $ 3,195,000
Baths0.0 Sq 6,440 Monthly Estimate*
$ 22,318
Studio
for $3,195,000. This 6,440 square foot home was built in 1957 on a lot size of 0.14.
We are pleased to present 943 N Gardner St, a charming Mid-Century 8-unit value-add multifamily investment opportunity delivered with 5 of 8 units vacant, located in the highly desirable city of West Hollywood, south of Santa Monica Blvd, west of N La Brea Ave, and east of Fairfax Ave. The property boasts a WalkScore of 93 (Walker's Paradise) and is located steps from exceptional employment, lifestyle, and leisure options that make West Hollywood one of the premier rental markets, attracting an affluent, upwardly mobile tenant base. This 1957-built 2-story, 8-unit building has a desirable unit mix of 3 (2+1.5), 1 (2+1), & 4 (1+1) spacious units averaging over 800 gross square feet. A BRAND NEW ROOF and NEW 400 AMP HOUSE ELECTRIC PANEL, WIRES, SUB-PANELS & FUSES installed in 2019. Unit features include OVERSIZED windows providing ample natural light, hardwood floors, kitchens with gas ovens and refrigerators, and ample closet space for convenience. The property features secure gated entry, an on-site laundry room, and 5 tandem carport parking spaces (5 covered & 5 uncovered car parking spaces parking 10 total cars 8 of which will be delivered vacant). The building is separately metered for gas and electricity. 943 N Gardner St's excellent West Hollywood location offers residents unmatched access to career centers, educational institutions, restaurants, nightlife destinations, shopping (Trader Joe's 0.4 miles, Whole Foods 0.5 miles), and recreation (Plummer Park 0.3 miles, Poinsettia Park 0.2 miles), all within one of the most walkable and high-demand locations in Southern California. The property is also conveniently located just 0.2 miles south of CA-2, 1.4 miles from Sunset Strip, 0.3 miles from Melrose shopping district, 1.4 miles from the La Cienega design district, 2.5 miles from Beverly Hills, and 2.4 miles from the CA 101 freeway, ensuring easy access to the city's extensive transit network and other LA attractions. Strategically positioned in the heart of West Hollywood, this well-maintained asset is in a dynamic and centrally situated submarket, offering an astute investor the potential for significant appreciation and strong returns, supported by historically high tenant demand who enjoy quality living experience in one of Los Angeles's most dynamic neighborhoods.
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FeaturesGeneralHeating Wall Furnace
Zoning WDR3C*
Year Built 1957
Levels Two
County Los Angeles
Net Operating Income 178011.0
New Construction No
Property Type C
HOA / Comm Assn No
Facing Direction East
Status Active
City West Hollywood
Buyer Agent Compensation 2.00
Senior Community Y/N No
MLS Area C10 - West Hollywood Vicinity
Lot Size Square Feet 6305.0
Street Name Gardner
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type %
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ExteriorParking Features Carport
Lot Size Area 6305.0
Building Area Total 6440.0
Lot Size Acres 0.14
Lot Size Units Square Feet
Land Lease Type Fee
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InteriorTotal Stories 2
Heating Y/N Yes
Street Suffix Street
Total Baths 0
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* Excluded FeaturesList ByMatthew R. KannerListing Agent
Keller Williams Realty Los FelizBroker
Affordability Calculator
- Monthly Principal & Interest
- $22,318
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in West Hollywood, CA
Average List Price $3,639,863
Percent of Sale Price 14%
About West Hollywood, CA 35,971 Population
1% Since 2002
$ 69,697 Median Income
43.33 Median Age
4% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/16/2024 | $3,195,000 | | Listed Price |