1122 N Gardner St

West Hollywood CA 90046

3006 sq. ft.

5540 sq. ft.

Other

Currently for sale - view listing

Overview

1122 N Gardner St located in a prime location of WestHollywood just north of Santa Monica Blvd between N Curson Ave and N Fuller Ave, a location that attracts high-endrenters and is close to numerous high-end restaurants, nightlife, and amenities such as Trader Joe's,Harlowe, Bar Lubitsch, and Whole FoodsThe subject property features eight bungalow-style studio units secured with gated entry; the building is fully occupiedAt the asking price, the property is being offered at a low price per unit of $243,750 with a 4.34% CAP rate and 13.11GRM on current income; there is rental upside of over 19% achievable through further interior renovations as unitsturnIdeal residence for young professionals with proximity to some of the largest media and entertainment employers inHollywood such as Netflix, Viacom, Paramount Studios, BuzzFeed, and Ticketmaster, among many othersHigh Walk Score of 93 with endless entertainment options within a mile radius; proximity to schools, employment,and transit options gives residents an easy commute throughout the city to prominent areas such as Beverly Hills,Hollywood, Century City, and Beverly GroveLocated within one mile to the Metro B Rail Line; walking distance to multiple Metro local line stops along SantaMonica BlvdWest Hollywood is one of the most coveted multifamily submarkets in Los Angeles with rent growth year-over-year;rare opportunity to acquire