West Hollywood, CA 90046,943 N Gardner ST
West Hollywood, CA 90046,943 N Gardner ST
West Hollywood, CA 90046,943 N Gardner ST
West Hollywood, CA 90046,943 N Gardner ST
West Hollywood, CA 90046,943 N Gardner ST
West Hollywood, CA 90046,943 N Gardner ST
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$2,990,000

$3,195,000

6.4%
Est.Price: ?

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Est. payment /mo

12 Beds

11 Baths

6,440 SqFt


SOLD DATE : 05/03/2024

Key Details

Sold Price $2,990,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,440 sqft

Price per Sqft $464

MLS Listing ID 24358637

Sold Date 05/03/24

Bedrooms 12

HOA Y/N No

Year Built 1957

Lot Size 6,303 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Carport

Total Parking Spaces 10

Building

Faces East

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5530020021

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew R. Kanner • Keller Williams Realty Los Feliz
Bought with Matthew R. Kanner • Keller Williams Realty Los Feliz
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