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11114 North Gardner Street, West Hollywood, CA 90046

$2,795,000 Approx. USD 14 beds, 8 baths
7,674 sqft

Agent Remarks

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!

Listing Details

Property type: (Multi-Family)
Status: Backup Offer
MLS# 16-119576
List price is $2,795,000
Beds: 14
Baths: 8
Built in 1948
7,674 sqft
2 Story stories
County: Los Angeles
Zoning: WDR2*
Parking type: Garage
Appliances: Refrigerator
Heating description: Central Furnace
MLS area: West Hollywood Vicinity (C10)

Last Updated: 11/1/2016

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This listing belongs to the West Hollywood Vicinity (C10) MLS area

The listing is zoned WDR2.
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Lat/Long: 34.091068, -118.352814.
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Broker: Courtesy of Arthur Arejian, Broker
Listing Agent: Arthur Arejian

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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