11114 N. Gardner St., Los Angeles, CA 90046

FOR SALE
  • $2,795,000
  • 223 Days on site
  • Beds: 14
  • Baths: 8
  • Commercial Building
  • 7,674 sq ft
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Description

It is extremely rare to find a property of this size in a high quality A West Hollywood location, with units this large and with rents extremely below current market rents. Given these facts, this property presents itself as a true classic value added opportunity.~With currents rents at $0. 87 Per Sq Ft,~this building is currently operating well below its maximum income potential. Competing properties in this sub-market are currently achieving rents in the range of $2. 50-3. 00 Per Sq Ft. This fact alone makes this Gardner St Asset an excellent opportunity to generate tremendous upside both in income and value to a future investor. That's a real~36% upside in rents~with only using market rent assumptions as low as $2. 76 PSF. 5 VACANT UNITS! Perfect Value Add Opportunity!

  • MLS ID# 16-119576
  • Year Built: 1948
  • 223 Days on site
  • Commercial Building
  • Beds: 14
  • Baths: 8

Listing Details

Parking
Parking Space (12)
Heating
Furnace Heat

Local Info

Population
52,991
Median Household Income
$50,260
Median Years In Residence
8
Median Homeowner Age
40
Households with Children
29.39%
Percent of Homes Rented
74.81%

Nearby Elementary Schools

1030 N Vista St
7450 Hawthorn Ave
1128 N Orange Grove Ave

Nearby Middle Schools

1265 N Fairfax Ave
1049 N Fairfax Ave
925 N Hayworth Ave

Nearby High Schools

1049 N Fairfax Ave
7215 Waring Ave
1317 N Crescent Heights Blvd

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: Arthur Arejian, Broker
(323) 512-5600
Listing Agent: Arthur Arejian

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