Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

Property Description

The Gardner Street 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 vacant 2 BR 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. Residencies 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.

Features
2
0
Additional Information
Miller & Desatnik Realty Co.
0
CLW-L09938
CLW-L02710
Errol
5526031011
: Standard
Two
32

Multi-Family For Sale

417 Gardner Street, Los Angeles, California 90036

4,392 Sqft
$1,995,000
Listing ID #24404823
Basic Details
Status : Active
DaysOnMarket : 10
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24404823
Price : $1,995,000
Living Area : 4,392 Sqft
Lot Size : 6,496 Sqft
Year Built : 1926
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90036
Price Per Square Foot : $454
ModificationTimestamp : 2024-06-27 12:58:10
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent