943 N Gardner Street
West Hollywood, CA, 90046 $ 3,195,000
Bedrooms12 Baths11.0 Sq 6,440 Monthly Estimate*
$ 22,318
Listed by Keller Williams Realty Los Feliz
for $3,195,000 with 12 bedrooms and 11 full baths. This 6,440 square foot home was built in 1957 on a lot size of 0.1447.
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.
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FeaturesGeneralHeating WallFurnace
Zoning WDR3C*
Year Built 1957
Stories 2
Levels Two
Gross Income 263084.0
County Los Angeles
Net Operating Income 178011.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction East
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Directions 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 bloc
City West Hollywood
View Y/N N
Senior Community Y/N N
Open Parking Spaces 5.0
Total Units 8
MLS Area C10 - West Hollywood Vicinity
Lot Size Square Feet 6305.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Gardner
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 64
Standard Status Pending
Year Built Source Assessor
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ExteriorParking Features Carport
Total Parking 10.0
Lot Size Area 6305.0
Number of Buildings 1
Spa N
Building Area Total 6440.0
Lot Size Acres 0.1447
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 12
Electric On Property Y/N N
Total Baths 11
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* Excluded FeaturesList ByKeller Williams Realty Los FelizBroker
Affordability Calculator
- Monthly Principal & Interest
- $22,318
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in West Hollywood, CA
Average List Price $3,694,430
Percent of Sale Price 16%
About West Hollywood, CA 35,971 Population
1% Since 2002
$ 69,697 Median Income
43.33 Median Age
4% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/16/2024 | $3,195,000 | | Listed Price |