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 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.
Property Details
Price:
$1,950,000
MLS #:
24451561
Status:
Pending
Baths:
0
Address:
329 N Gardner Street
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Sep 19, 2024
State:
CA
ZIP:
90036
Lot Size:
7,153 sqft / 0.16 acres (approx)
Year Built:
1940
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Schools
Interior
Cooling
Central Air, Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
0.00
Stories Total
2
Financial
Map
Community
- Address329 N Gardner Street Los Angeles CA
- AreaC19 – Beverly Center-Miracle Mile
- CityLos Angeles
- CountyLos Angeles
- Zip Code90036
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
329 N Gardner Street
Los Angeles, CA
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