417 Gardner Street

Los Angeles, CA 90036

$1,995,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $454 / sqft

1926

calendar_month Built

Property Description

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. & West of La Brea Ave, very 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 spacious 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type None

Listing Information

Address 417 Gardner Street
City Los Angeles
State CA
Zip 90036
County Los Angeles
Listing Agent Errol Spiro DRE#00893163
Courtesy Of Miller & Desatnik Realty Co.
MLS 24404823
List Price $1,995,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 6,496
Year Built 1926
DOM 10

Exterior Information

Maps

Listing information courtesy of: Errol Spiro, Miller & Desatnik Realty Co. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 27th, 2024 at 12:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.