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417 N Gardner St, Los Angeles, CA 90036
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417 N Gardner St Los Angeles, CA 90036

$1,995,000
  • 8 Beds
  • 4 Baths
  • 4,392 Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified
Map preview of 417 N Gardner St, Los Angeles, CA 90036

Property Overview: 417 N Gardner St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,392 living square feet and 6,496 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Errol Spiro | BRE #00893163 | Miller & Desatnik Realty Co.
Last checked: 1 minute ago | Last updated: June 25th, 2024 | Source CRMLS | DOM: 9
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Home details

Lot Sq. Ft
6,496
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24404823
City
Los Angeles
County
Los Angeles
Time on Site
8 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,450
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $3,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,450
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $3,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,396
  • Total Rent: $2,396
  • Pro Forma/Market Rent: $3,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,179
  • Total Rent: $2,179
  • Pro Forma/Market Rent: $3,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.09%
  • Gross Rent Multiplier: 14.49
  • Gross Scheduled Income: --
  • Net Operating Income: $81,569
  • Gross Operating Income: $133,569
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 417 N Gardner St

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Property Details for 417 N Gardner St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 4
  • Parcel Number: 5526031011
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Beverly Blvd. and West of La Brea Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 417 N Gardner St

View property's historical transactions

  • June, 2024

  • Jun 17, 2024

    Date

    Active

    CRMLS: 24404823

    $1,995,000

    Price

Tax History for 417 N Gardner St

Assessed Value (2020): $815,030
Year Land Value Improved Value Assessed Value
2020 $583,401 $231,629 $815,030

Home Value Compared to the Market

This property vs the competition

417 N Gardner St is listed 59.73% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $454.23 per/sqft which puts the price per square foot 41.62% lower than the median price per square foot for the city of Los Angeles.

About 417 N Gardner St

Detailed summary of property

417 N Gardner St is a multi family located in Los Angeles, CA 90036 and is currently for sale. This multi family property offers 8 bedrooms, 4 bathrooms, roughly 4,392 living square feet, and sits on an approximately 6,496 square foot lot. 417 N Gardner St was first listed on ArdentRealEstateGroup.com on June 17, 2024. The homeowner is currently asking $1,995,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 59.73% higher than the median priced home. Local competing homes currently for sale include 812 Alandele Ave, 126 S Kings Rd and 6347 Orange St. While the average home in Los Angeles, CA is selling in 98 days, 417 N Gardner St has a days on market of 9 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 417 N Gardner St Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 417 N Gardner St

Public county record property details
Beds
8
Baths
4
Year built
1926
Sq. Ft.
4,392
Lot Size
6,493
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
231
APN
5526-031-011

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,150,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,490,000
Median Sold Price/Sq.Ft.
$878
Total Inventory
46
Median Sale to List Price %
99.33%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (26.32%), Other (21.05%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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