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!
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, Listed on
ARTHUR AREJIAN, License# 01037335,
ARTHUR AREJIAN, BROKER
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11114 N Gardner St, West Hollywood, CA 90046 is a 14 bedroom property for sale.
This West Hollywood, CA Multi-Family home
has a lot size of 10,413 Sq. Ft. and
has been on ZipRealty.com for 305 days.
11114 N Gardner St
was built in 1948 and
is currently listed for $2,795,000.
The 11114 N Gardner St West Hollywood, CA 90046 listing is provided courtesy of ARTHUR AREJIAN, BROKER.
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