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Multifamily

4249 Garthwaite Ave

4249 Garthwaite Ave, Los Angeles, CA 90008

Listing Price: $1,300,000

Cap Rate
3.60%
Number of Units
4
Price/Unit
$325,000
Price/Gross SF
$365.79
Gross SF
3,554

Investment Overview

Marcus & Millichap is pleased to present to market 4249 Garthwaite Avenue, a fourplex for sale in Los Angeles’ Leimert Park neighborhood. This offering presents an excellent opportunity for an investor to acquire an asset in a desirable residential area known for its tree-lined streets and convenient proximity to popular retail (the Baldwin Hills-Crenshaw Mall is less than a mile away), and current rents present the opportunity to capture 25 percent potential upside. 4249 Garthwaite Avenue is a charming two-story 1937 construction that has four one-bedroom/one-bath units with large floorplans that average nearly 900 square feet. The units are separately metered for gas and electricity, and the property also offers a rear building with four single-car garages that are accessed via a rear alley. 4249 Garthwaite Avenue is offered along with the adjacent fourplex located at 4253 Garthwaite Avenue; properties may be acquired separately or together.

Investment Highlights

  • Charming Fourplex With All Large One-Bedroom Units That Average Nearly 900 Square Feet
  • Located in a Desirable Area of Leimert Park Known for Its Tree-Lined Streets and Convenient Proximity to Popular Retail
  • 25 Percent Potential Upside in Rents
  • Four Single-Car Garages
  • Offered Along With the Adjacent Fourplex Located at 4253 Garthwaite Avenue | Assets Available Separately or Together

Exclusively Listed By

Listing Price: $1,300,000

Cap Rate
3.60%
Number of Units
4
Price/Unit
$325,000
Price/Gross SF
$365.79
Gross SF
3,554

Investment Highlights

  • Charming Fourplex With All Large One-Bedroom Units That Average Nearly 900 Square Feet
  • Located in a Desirable Area of Leimert Park Known for Its Tree-Lined Streets and Convenient Proximity to Popular Retail
  • 25 Percent Potential Upside in Rents
  • Four Single-Car Garages
  • Offered Along With the Adjacent Fourplex Located at 4253 Garthwaite Avenue | Assets Available Separately or Together

Investment Overview

Marcus & Millichap is pleased to present to market 4249 Garthwaite Avenue, a fourplex for sale in Los Angeles’ Leimert Park neighborhood. This offering presents an excellent opportunity for an investor to acquire an asset in a desirable residential area known for its tree-lined streets and convenient proximity to popular retail (the Baldwin Hills-Crenshaw Mall is less than a mile away), and current rents present the opportunity to capture 25 percent potential upside. 4249 Garthwaite Avenue is a charming two-story 1937 construction that has four one-bedroom/one-bath units with large floorplans that average nearly 900 square feet. The units are separately metered for gas and electricity, and the property also offers a rear building with four single-car garages that are accessed via a rear alley. 4249 Garthwaite Avenue is offered along with the adjacent fourplex located at 4253 Garthwaite Avenue; properties may be acquired separately or together.

Exclusively Listed By

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