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$3,195,000
12 bed
6,440 Sqft
6,305 Sqft lot

943 N Gardner Street, West Hollywood, California 90046

  • Residential Income Property Type
  • 9 Days Time on market
  • $496 Price per sqft
  • 1957 Year Built
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.

Basic Details
Residential Income
Buy
24358637
$3,195,000
12
6,440 Sqft
1957
6,305 Sqft
Pending
Condos/Co-ops
Features
: Wall Furnace
10
$0
Address
CA
Los Angeles
West Hollywood
90046
943 N Gardner Street
943
Street
0
W119° 38' 47.2''
N34° 5' 18.4''
N
Additional Information
9
2
2
11
: Two
6,440 Sqft
0 Sqft
0 Sqft
0.14 Sqft
6,305 Sqft
1
0 Sqft
WDR3C*
5530020021
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
19/04/2024
19/04/2024 00:00:00
$0
: Standard
Located in the West Hollywood submarket of Los Angeles adjacent to Hollywood and Fairfax just 3 blocks north of Melrose Ave, 5 blocks west of La Brea Ave, 2 blocks south of Santa Monica Blvd, and 8 blocks east of Fairfax Ave.
Destrahan
Harry Hurst
Keller Williams Realty Los Feliz
Matthew R. Kanner
CLW-X74016
CLW-X72370
$0
East
1
1
0
0
1
1
1
8
263084
US-06037-N-5530020021-R-N
28/03/2024 20:58:18
Gardner
C10 - West Hollywood Vicinity
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