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346 N Gardner St
Apartment
Sold November 2022

346 N Gardner St

Los Angeles, CA · Fairfax

Sale Price

$2,750,000

$687,500

Price/Unit

4.75%

Cap Rate

About This Deal

4-unit apartment building in Los Angeles sold for $2.75M ($687,500/unit, 4.75% cap).

Rent Control|3 min read

4 Units | 90036 | Record Sale

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And Deal Story

The LAAA Team of Marcus & Millichap is pleased to announce the successful closing of 346 N Gardner St, a 4 unit multifamily property located in the heart of the Beverly-Fairfax Historic District.

Property Overview

Built in 1930, this beautiful Spanish-style building sits on a 0.15 acre corner lot, and the building's 5,302 square feet is equally split into four 2 bed / 1 bath units, with an estimated unit size of 1,325 square feet for each unit. Also, the property has 4 private 1-car garages, one for each tenant to use. The owner of this property, who bought this building nearly 44 years ago, is delivering the property with 3 vacant units and allowing the next owner to remodel the units to their liking.

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16830 Ventura Blvd, Ste. 100, Encino, CA 91436 | (818) 212-2808