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!
Last Checked For Updates:1 hour 51 minutes
We update property info including price, photos, sale status and more as soon as it’s available.
, Listed on
ARTHUR AREJIAN, License# 01037335,
ARTHUR AREJIAN, BROKER
Popularity is a measure of how many people have viewed a particular property on the ERA website relative to how many people have viewed other properties in the area within the last 30 days. We use a scale of 1-10, with 10 indicating the highest level of interest.
This 14 bedroom Multi-Family home
for sale in West Hollywood, CA
is currently listed for $2,795,000.
Featuring a lot size of 10,413 Sq. Ft.,
11114 N Gardner St
was built in 1948 and
has been on ERA.com for 225 days.
Based on information from CARETS as of Tuesday, December 6, 2016 at 10:55 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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. IDX provided by ZapLabs.