4168 Garthwaite Ave, Leimert Park, CA 90008

Property Description

Rarely does the opportunity arise to purchase a Spanish Revival Style Leimert Park apartment building. With over 8,000 of rental square feet, 4168 Garthwaite is the astute multifamily investors dream acquisition. The units are large, and nearly all have had some level of beautiful upgrades. From nearly every corner of the property, one can identify the charming architecture and tile work instilled in this asset. The current residents are each paying rents at respectable levels, yet the property boasts nearly 30%+/- of potential rental income upside for the new owner. The roof on the property is newer, and gas and electricity are individually metered, keeping utility costs low. There are a number of onsite secure parking spaces as well as onsite laundry available for tenant’s convenience. The property is located in the heart of dynamic Leimert Park. Tenants enjoy the ability to walk to shops, restaurants, and many other local amenities. And, in just a few more months, they will be able to take advantage of the brand new Leimert Park metro station. Apartment Investments like this one are few and far between. This owner has taken great care of the building and is ready for it to change hands to the next lucky owner.