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943 N Gardner St, West Hollywood, CA 90046
$2,990,000
943 N Gardner St, West Hollywood, CA 90046View this property at 943 N Gardner St, West Hollywood, CA 90046
943 N Gardner StWest HollywoodCA90046
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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.
Full Property Details
Full Property Details for 943 N Gardner St
General
- Sold For: $2,990,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-358637
- Added to Site: 94 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 11
Bedrooms
- Total Bedrooms: 12
Additional Information
- Other Features: None
Parking
- Covered Spaces: 5
- Garage Description: Carport
Location
- Area: West Hollywood Vicinity
- County: Los Angeles
- Driving 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 blocks east of Fairfax Ave.
- Direction Faces: East
Heating & Cooling
- Cooling Type: Ceiling Fan
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 6,440
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1957
- Year Built Source: Assessor
Unit Information
- Units in Complex: 8
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1.5
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1448
- Lot Size: 6305
- Lot Size Source: Assessor
- Zoning: WDR3C*
Financial Considerations
- Price Per Sq. Ft.: $496.12
- Assessment Year: 1957
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5530-020-021
Listed and Sold by Keller Williams Realty Los Feliz, Matthew R. Kanner
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Schools
Schools serving 943 N Gardner St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
925 N Hayworth Ave, Los Angeles, CA 90046 | K-8 | 0.6 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 943 N Gardner St
Date
Details
Price
Change
Source
5/03/2024
Sold
$2,990,000
-6.42%
MLS
2/15/2024
Listed
$3,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
943 N Gardner St, West Hollywood, CA 90046 (MLS# 24-358637) is a Multi-Family property that was sold at $2,990,000 on May 03, 2024. Want to learn more about 943 N Gardner St? Do you have questions about finding other Multi-Family real estate for sale in West Hollywood? You can browse all West Hollywood real estate or contact a Coldwell Banker agent to request more information.