11114 N GARDNER Street

West Hollywood , CA 90046

MLS#: 16119576

$2,795,000

Status: Closed
Listing number: 16119576
Listing provided by: Arthur Arejian, Broker
Listing agent phone: None
Last update: 2 years ago
On site: 9 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1948

Sq.Footage

N/A

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!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Parking

    Garage

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

Price

  • Sales Price

    $2,795,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Arthur Arejian , Arthur Arejian, Broker

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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!

11114 N GARDNER Street

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