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$1,950,000
Est. payment /mo
8 Beds
6 Baths
5,140 SqFt
UPDATED:
12/05/2024 04:37 AM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,140 sqft
Price per Sqft $379
MLS Listing ID 24451561
Bedrooms 8
HOA Y/N No
Year Built 1940
Lot Size 7,152 Sqft
Property Description
We are pleased to present the exclusive listing of 329 North Gardner Street. The property built in 1940, consists of six units, totaling 5,140 rentable square feet on a 7,151 square foot lot. This 6-unit apartment building comprises two 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units. This property has seen significant recent improvements, including new exterior paint, updated electrical systems, updated roof, and all copper plumbing. Each unit features, dual entry for convenience, a heat pump and separate water shutoff valves making servicing easier. Notably, Unit 329 includes a built-in wall AC and floor heaters, while Unit 329 1/2 has a window AC. Unit 331 #1 stands out with a complete remodel, offering central AC and heat, along with an updated kitchen featuring granite countertops. Units 331 #2 and 331 #3 also benefit from central AC and heat, while Unit #4 has a window AC. The property includes three garages, two of which are currently rented, leaving one vacant.329 North Gardner Street is strategically located in the heart of Los Angeles, within a vibrant neighborhood that offers a dynamic mix of urban amenities and residential charm. Just a short walk from The Grove, a premier shopping and entertainment destination, residents have easy access to a variety of retail options, restaurants, and cultural attractions. Nearby Pan Pacific Park provides green space for outdoor activities, enhancing the appeal of the area for families and individuals alike. The property is situated in a bustling district known for its diverse culinary scene, trendy shops, and a lively atmosphere, particularly along Beverly Blvd. Public transportation options and major thoroughfares are easily accessible, allowing for convenient commutes to other parts of Los Angeles. The neighborhood's mix of historic charm and modern conveniences makes it highly desirable, with strong demand for rental properties. With well-maintained units and desirable amenities, the property is poised for strong rental demand and competitive rental rates, making it an attractive investment. The combination of recent upgrades and a desirable location positions 329 North Gardner Street. for both immediate cash flow and long-term appreciation, making it a solid investment opportunity.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Assigned
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5526040013
Special Listing Condition Standard
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Listed by Eliyahu Appel • Marcus & Millichap
1st Class Real Estate Mavericks
Brokerage | License ID: 02245942
+1(760) 203-3373 | 1stclassmavericks@gmail.com