1000 Gardner StWest Hollywood, CA 90046

Property Details for 1000 Gardner St

Year built

1921

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

1,176 SF

Zone code

WDR3C*

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

5531-023-012

APU

5531023012

Description

This exceptional 5,350 square foot corner lot is situated in the heart of West Hollywood at 1000 N Gardner St, boasting a Walk Score of 93. Zoned WDR3C, this property presents a remarkable opportunity for residential development. Previous plans, which included excavation and shoring, envisioned a 6,939 square foot building featuring four units, balconies totaling 1,057 square feet, and a 4,568 square foot subterranean parking garage. The current owner is offering seller financing, providing flexibility for both experienced and emerging developers. Terms will be tailored to the buyer's profile, ensuring a smooth transition and facilitating the construction process. This location offers unparalleled convenience, surrounded by upscale shops, restaurants, and vibrant entertainment. The property's prime position within West Hollywood guarantees high demand for any residential development, promising a lucrative investment and a luxurious lifestyle for future residents. The APN is 5531-023-012. The asking price is $2,328,000. This is a truly unique opportunity to build in one of Los Angeles County's most desirable neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $333,068

  6.5%

  $307,447

  7%

  $285,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $257,172

  Geo Method

  $257,172

• Alternative Use

  Use

  Valuation

  Residential

  $390,009

  Hospitality

  $357,247

  Educational

  $297,225

  Medical

  $307,447

  Retail

  $462,350

Location Insight

City

West Hollywood

County

Los Angeles

State

California

Latitude

34.0888

Longitude

-118.353

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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