$1995000 Price Analysis   ♡   Los Angeles, CA 90036 8 bed 4 bath 4392 SqFt ($454/SqFt) 6496SqFt lot. Built 1926 Listed 2024-06-17, Taxes $10440 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Property Details
The Gardner Street Residences provide an incredible investment opportunity for a savvy multi-family investor or an owner-occupier who wants to live at the property and move in one of the vacant 2 BR units. This gem of a four unt property is located in a prime Miracle Mile location, north of Beverly Blvd. and West of La Brea Ave, close to The Grove Shopping Center and Melrose Ave. The property was constructed in 1931 and is approximately 4, 392 SF. The Gardner St. Residences has an excellent unit mix with all of the units being big 2 BR + 1 Bath units.
Two of the four units will be delivered VACANT!. The other two units are receiving rents well below market creating a quintessential value-add opportunity. The property sits on a large 6, 494 SF lot with four separate garages located at the rear of the property. There is the possibility of turning those garages into ADU units, adding another avenue for a new buyer to add more income and value to the building. The Gardner St. Residencies presents a compelling investment opportunity, characterized by a prime LA location, exceptional walkability and promising upside potential through renovations and ADU's. This fourplex is an attractive option for investors or owner-occupier aiming to capitalize on the dynamic Los Angeles real estate market.
Presented by Errol Spiro at
Miller & Desatnik Realty Co.
Property MLS #24-404823 from TheMLSCLAW
Full Bathrooms: 4
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6496
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 3450, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3450, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3450, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 3450
County: Los Angeles
Cap Rate: 4.09
Directions: North of Beverly Blvd. and West of La Brea Ave.
Source Property Type: Residential Income
Area: Beverly Center-Miracle Mile
Source Neighborhood: Beverly Center-Miracle Mile
Parcel Number: 5526-031-011
Postal Code Plus 4: 5754
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $238708 + $601233 $839941 | $10440 |
| 2021 | $234028 + $589445 $823473 | $10291 |
| 2020 | $231629 + $583401 $815030 | $10390 |
| 2019 | $227088 + $571962 $799050 | $9992 |
| 2018 | $222636 + $560748 $783384 | $9846 |
| 2017 | $218271 + $549753 $768024 | $9640 |
| 2016 | $213992 + $538974 $752966 | $9385 |
| 2015 | $210778 + $530879 $741657 | $9251 |
| 2014 | $206650 + $520480 $727130 | $9305 |
| 2013 | $205717 + $518128 $723845 | $9299 |
| 2012 | $201684 + $507969 $709653 | $9424 |
| 2010 | $197730 + $498009 $695739 | $9240 |
| 2009 | $196720 + $495463 $692183 | $8901 |
| 2009 | $196253 + $494288 $690541 | $8901 |
| 2008 | $192863 + $485749 $678612 | $8528 |
| 2007 | $189082 + $476225 $665307 | $8240 |
$1995000
TheMLSCLAW
Sold 1989-02-17
$475000
Public Record
Year Built: 1926
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 98
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.