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1117 N GARDNER ST | WEST HOLLYWOOD

PRESENTED EXCLUSIVELY BY

424.262.4946 office

310.435.7399 mobile

jennyohomes@gmail.com

jennyohomes.com

DRE 01866951

JENNY OKHOVAT Residential and Commercial Real Estate

424.279.3070 mobile

isaac@realestatebh.com

DRE 01935352

ISAAC GOLBERG Broker Associate

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TABLE OF CONTENTS

4 About The Property

5 Investment Details | Financial Overview

6 Space Details

7 Rent Roll

8 Photos (Interior)

9 Demographics

10 Nearby Parks & Recreation | Restaurants & Attractions

11 Parcel Map

13 About Jennifer Okhovat & Isaac Golberg

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PROPERTY OVERVIEW

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ABOUT THE PROPERTY

Rare opportunity to own four side-by-side townhome style units in prime West Hollywood. With one unit delivered vacant, this is the perfect opportunity for an owner-user to live in one while collecting significant rental income. Three units have been completely renovated and feature high ceilings, new flooring, laundry in units, renovated bathrooms & contemporary kitchens with Quartz countertops and stainless steel appliances. All townhomes feature balconies, private garage parking, and outdoor space. Low landlord expenses as tenants pay all utilities. Don’t miss your chance to own these income generating townhomes in one of WeHo’s most desirable neighborhoods. High-demand location situated near numerous coffee shops, fitness clubs, parks, grocery stores, & trendy restaurants just a few blocks away.

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$2,695,000Price

$673,750Price per unit

42 Bed | 1 Bath townhomes

$124,308NOI

INVESTMENT DETAILS

FINANCIAL OVERVIEW

Expense Current

Utilities $0

Insurance BOP $4,363

Insurance Umbrella $195

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SPACE DETAILS

4Total number

of units

1924Year built

±5,584Sq Ft Lot

5530010012Parcel number

WDR2Zoning

±3,048Finished Sq Ft

Property overview

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RENT ROLL

Financial overview

Unit TypeCurrent

RentLease Ending

Market Rent

1117 2 Bed | 1 Bath $3,062 04.01.2020 $3,300

1121 2 Bed | 1 Bath Vacant N/A $3,100

1125 2 Bed | 1 Bath $1,002 N/A $2,975

1129 2 Bed | 1 Bath $3,195 09.21.19 $3,300

Total in Rent $12,675

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PHOTOS

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DEMOGRAPHICS

Total Housing Units 30,637

Total Population 49,310

Average Household Income $110,675

The subject property is an 4 unit building in the highly desirable neighborhood of West Hollywood. This densely populated location ensures low vacancy rates and the surrounding demographics provide the ability to continue to force appreciation.

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92Walker’sParadise

58Good Transit

63Bikeable

NEARBY PARKS & RECREATION

• Plummer Park

• Poinsettia Playground

• Poinsettia Recreation Center

• Gardner Elementary School

• Melrose Elementary School

• Fairfax Senior High School

RESTAURANTS & ATTRACTIONS

• Whole Foods Market

• Sprouts Farmers Market

• Laurel Hardware Restaurant

• Madison & Park Coffee

• Salt’s Cure

• Astro Burger

• Starbucks Coffee

• Fatburger

• Jones

• Formosa Cafe

• Best Buy

• Target

• Training Mate WeHo

• RetroFit

• Ibiza Nails

• The Lot Studios

• Quixote Studios West Hollywood

• Westlake Recording Studios

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PARCEL MAPS

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ABOUTJENNIFER OKHOVAT & ISAAC GOLBERG

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Jennifer "Jenny" Okhovat is a lifelong resident of Beverly Hills and a proud graduate of Beverly Hills High School and Cal State University Northridge. She became a licensed agent in early 2009 and quickly moved up the ranks to become one of the top agents at Compass' Sunset Strip office.

Her strong work ethic, knowledge of the market, and out-of-the-box marketing and sales techniques

have been critical to her success. Jennifer has been featured in a number of news and media outlets including the LA Times, Apartment Therapy, Realtor.com, Yahoo Finance, The Close, Bravo's Million Dollar Listing, Inman News, The Washington Post, and The Wall Street Journal. Clients seek her out as a reliable resource to consult and guide them in leases, purchases, and sales. One of her main principles: "never work on any deal you don't 100% believe in."

Jennifer joined John Aaroe Group in 2013, before the company was acquired by Pacific Union International, and then Compass. Prior to John Aaroe Group, Jennifer worked as a listing specialist with CA Realty. Jennifer has a BA degree in Gender and Women’s Studies from Cal State Northridge and is an active member of the Beverly Hills/Greater Los Angeles Association of REALTORS®, the California Association of REALTORS®, the National Association of REALTORS®, and is on Compass' Agent Advisory Council.

JENNY OKHOVAT Residential and Commercial Real Estate

As a member of Compass, I combine my own skills with those of our entire team of agents, who work closely to benefit each other’s buyers and sellers. Our firm is ideally sized to represent you effectively— small enough to act quickly, but big enough to deliver the powerful resources and global connections I need to get rewarding results for you. The best way to tell you what kind of representation I provide is to ask my clients. I’d be happy to send their comments to you, just contact me. Whether you’re looking to buy or sell, or just curious about the current real estate market, please don’t hesitate to get in touch with me by text, phone or email. I look forward to being a resource for you.

ISAAC GOLBERG Broker Associate

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CONFIDENTIALITY AND DISCLAIMER

The information contained in the offering is confidential, furnished solely for the purpose of review by a prospective purchaser of the subject property. The material is based in part upon information supplied and in part upon information obtained by Compass from sources it deems reasonably reliable. No warranty or representation, expressed or implied, is made by the owner, Broker/Agent, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communications. Without limiting the generality of the foregoing, the information shall not be deemed a representation of the state of affairs of the subject property or constitute an indication that there has been no change in the business or affairs of the subject property since the date of preparation of the information. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. An opportunity to inspect the subject property will be made available to qualified prospective purchasers. In the Offering certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. The Offering is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Broker/Agent or Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the subject property described herein.