417 N Gardner Street, Los Angeles, CA 90036
Property
Sold November 2024
Listing Agent: Errol Spiro (DRE #00893163) · Listing Office: Miller & Desatnik Realty Co. · Contact: 310-202-9166 · Bought with: David Miller · Miller & Desatnik Realty Co. · MLS #24404823 · Source: CRMLS
About this property
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.
Listing description from the November 2024 sale, as reported to CRMLS.
Sale history