4180 Garthwaite Avenue

Los Angeles, CA 90008

PRICE REDUCED

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-$145,000 (-5.38%)

$2,550,000

List Price

12

bed Beds

12

shower Baths

11,032 sqft

straighten / sqft

1936

calendar_month Built

Property Description

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.

Listing Information

List Price $2,550,000
Status Active
MLS 24387385
Type Residential Income
Year Built 1936
Lot Size 10,788
Structure Size 11,032
DOM 97
Courtesy Of Realty Executives Westside
Listing Agent Luther Henderson DRE#01041241
Co-Listing Agent Peter Bledsoe DRE#00814749

Interior Features

Total Bedroom
Bedrooms 12
Total Bathroom
Bathrooms 12

Exterior Information

Maps

Listing information courtesy of: Luther Henderson, Peter Bledsoe, Realty Executives Westside . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.