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… Read More 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. Read Less
Property listed by Marcus & Millichap, Eliyahu Appel 818-212-2700
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,140
Lot Size
0.16 Acres
Year Built
1940
MLS Number
24451561
30 Days Snapshot Of 90036
$2,025k
-3%
(avg) sold price
6
+100%
homes sold
50
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1940, Building area total: 5,140, Levels: Two, Living area: 5140, 2 stories, 1 building
Cooling
CentralAir, WallWindowUnits
Heating
WallFurnace
Income
Gross income: $145,314, Net operating income: $98,065
Lot
0.1642 acres, 7,153 square feet, Size: 7,153
Parking
Assigned
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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