4180 Garthwaite Ave, Los Angeles, CA 90008
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4180 Garthwaite Ave Los Angeles, CA 90008

$2,695,000
  • 78 Beds
  • 78 Baths
  • 11,032 Sq.Ft.
For Sale
$2,695,000 Get Pre-Qualified

Map preview of 4180 Garthwaite Ave, Los Angeles, CA 90008

Property Overview: 4180 Garthwaite Ave Los Angeles, CA has 78 bedrooms, 78 bathrooms, 11,032 living square feet and 10,788 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: This property is in the historically desirable Leimert Park neighborhood of Los Angeles. This well maintained twelve-unit (one bedroom-one bathroom) apartment building is surrounded by aesthetically pleasing tree lined avenues. Each unit is spacious giving the resident a warm feeling of home. The green front yard provides a feeling of being one with nature. Located in proximity to rapid transit, shopping, local schools and institutions of higher learning, the area has experienced a renaissance. The time is now to seize the opportunity to invest in a property nestled within a hidden oasis. This spacious superbly maintained apartment residence provides one a tranquil sanctuary within a medium sized apartment compound away from the surrounding fast paced urban environment. Hardwood floors abound with generous closet space.Centrally located within minutes of the 405, 110 and 10 Freeways, this ideal location provides access to major area shopping areas in Ladera Heights, Culver City Westfield Culver City, the Westside of Los Angeles, and within minutes of SoFi Stadium. Nearby educational opportunities abound with West Los Angeles College minutes away with all the cultural opportunities afforded to the greater Los Angeles area, The Hollywood Bowl, the Disney Concert Hall, and many more.This investment opportunity has the makings to attract the astute investor. Seize this growth opportunity in this prestigious location. This property has great rental increase potential as all tenants are currently on month-to-month tenancy. Buyer to rely solely on Buyer's independent investigations. Drive by only! Do not disturb occupants. Property is sold in "As-Is" condition. Upon an accept offer, Buyer shall have the right to inspect the property at Buyer's expense and rely solely on Buyer's inspections and investigations. Property is sold for All Cash, Cash to New Loan or terms and conditions acceptable to the Seller. Seller shall select all services, including escrow, title services. Please contact listing agents for more information. ALL TENANTS ARE MONTH TO MONTH. Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer's cooperation in such an exchange and agrees to hold Buyer harmless from all claims, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.

Listed by Luther Henderson | BRE #01041241 | Realty Executives Westside
Co-listed by Peter Bledsoe | BRE #00814749 | Realty Executives Westside
Last checked: 3 minutes ago | Last updated: May 19th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
10,788
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24387385
City
Los Angeles
County
Los Angeles
Time on Site
10 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,026
  • Total Rent: $1,026
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,355
  • Total Rent: $1,355
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,459
  • Total Rent: $1,459
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,316
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,067
  • Total Rent: $1,067
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 8
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,026
  • Total Rent: $1,026
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 9
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 10
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 11
  • # of Units: 11
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,355
  • Total Rent: $1,355
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 12
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,116
  • Total Rent: $1,116
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 15.26
  • Gross Scheduled Income: --
  • Net Operating Income: $176,640
  • Gross Operating Income: $176,640
Annual Expense Breakdown
  • Total Operating Expense: --
  • Gardener: $1,920
  • Water/Sewer: $25,164
  • Other Expenses: $2,640

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Property Details for 4180 Garthwaite Ave

Interior Features
Heating Information
  • Has Heating
  • Gravity
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Public
Property Information
  • Total # of Units: 12
  • Parcel Number: 5023018011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Dr. Martin Luther King Jr. Blvd.; East of Leimert Blvd.; North of Vernon Avenue; West of Arlington Avenue
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Sale History for 4180 Garthwaite Ave

Last sold on June 28th, 2016
  • May, 2024

  • May 8, 2024

    Date

    Active

    CRMLS: 24387385

    $2,695,000

    Price

  • June, 2016

  • Jun 28, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 4180 Garthwaite Ave

Assessed Value (2020): $236,462
Year Land Value Improved Value Assessed Value
2020 $72,834 $163,628 $236,462

Home Value Compared to the Market

This property vs the competition

4180 Garthwaite Ave is listed 115.6% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $244.29 per/sqft which puts the price per square foot 68.56% lower than the median price per square foot for the city of Los Angeles.

About 4180 Garthwaite Ave

Detailed summary of property

4180 Garthwaite Ave is a multi family located in Los Angeles, CA 90008 and is currently for sale. This multi family property offers 78 bedrooms, 78 bathrooms, roughly 11,032 living square feet, and sits on an approximately 10,788 square foot lot. 4180 Garthwaite Ave was first listed on ArdentRealEstateGroup.com on May 9, 2024. The homeowner is currently asking $2,695,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 115.6% higher than the median priced home. Local competing homes currently for sale include 2533 Lucerne Ave, 4809 W Adams Blvd and 2720 Brighton Ave. While the average home in Los Angeles, CA is selling in 92 days, 4180 Garthwaite Ave has a days on market of 12 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4180 Garthwaite Ave Los Angeles, CA 90008 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4180 Garthwaite Ave

Public county record property details
Beds
12
Baths
12
Year built
1936
Sq. Ft.
11,032
Lot Size
10,784
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
226,227
APN
5023-018-011

The source for these homes facts are from public records.

90008 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,489,000
Median List Price/Sq.Ft.
$730
Median Sold Price
$1,275,000
Median Sold Price/Sq.Ft.
$662
Total Inventory
51
Median Sale to List Price %
91.79%
Avg Days on Market
62
Loan Type
Conventional (30.77%), FHA (0%), VA (0%), Cash (30.77%), Other (15.38%)

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Related Resources to 4180 Garthwaite Ave

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.