$1,995,000 Price Analysis 417 N Gardner StLos Angeles, CA 90036 8 bed 4 bath 4,392 SqFt ($454/SqFt) 6,496SqFt lot. Built 1926 Listed 2024-06-17, Taxes $10,440 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 unit 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 sizeable 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 fur 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
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $238,708 + $601,233 $839,941 | $10,440 |
2021 | $234,028 + $589,445 $823,473 | $10,291 |
2020 | $231,629 + $583,401 $815,030 | $10,390 |
2019 | $227,088 + $571,962 $799,050 | $9,992 |
2018 | $222,636 + $560,748 $783,384 | $9,846 |
2017 | $218,271 + $549,753 $768,024 | $9,640 |
2016 | $213,992 + $538,974 $752,966 | $9,385 |
2015 | $210,778 + $530,879 $741,657 | $9,251 |
2014 | $206,650 + $520,480 $727,130 | $9,305 |
2013 | $205,717 + $518,128 $723,845 | $9,299 |
2012 | $201,684 + $507,969 $709,653 | $9,424 |
2010 | $197,730 + $498,009 $695,739 | $9,240 |
2009 | $196,720 + $495,463 $692,183 | $8,901 |
2009 | $196,253 + $494,288 $690,541 | $8,901 |
2008 | $192,863 + $485,749 $678,612 | $8,528 |
2007 | $189,082 + $476,225 $665,307 | $8,240 |
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.