Investment Overview

The Neema Group of Marcus & Millichap is pleased to present 1122 N Gardner St located in a prime location of West Hollywood just north of Santa Monica Blvd between N Curson Ave and N Fuller Ave, a location that attracts high-end renters and is walking distance to numerous high-end restaurants, nightlife, and amenities such as Trader Joe’s, Harlowe, Bar Lubitsch, and Whole Foods The subject property features eight bungalow-style studio units secured with gated entry; the building is fully occupied At the asking price, the property is being offered at a low price per unit of $243,750 with a 4.34% CAP rate and 13.11 GRM on current income; there is rental upside of over 19% achievable through further interior renovations as units turn Ideal residence for young professionals with proximity to some of the largest media and entertainment employers in Hollywood such as Netflix, Viacom, Paramount Studios, BuzzFeed, and Ticketmaster, among many others High Walk Score of 93 with endless entertainment options within a mile radius; proximity to schools, employment, and transit options gives residents an easy commute throughout the city to prominent areas such as Beverly Hills, Hollywood, Century City, and Beverly Grove Located within one mile to the Metro B Rail Line; walking distance to multiple Metro local line stops along Santa Monica Blvd West Hollywood is one of the most coveted multifamily submarkets in Los Angeles with rent growth year-over-year; rare opportunity to acquire an investment with little deferred maintenance, strong in-place cash flow, and future rental upside