4938 Gambier St, Los Angeles, CA
Value-Add Opportunity With Significant Upside Potential
Property Consists of Two Duplexes With All Two-Bedroom/ One-Bath Units
Amenities Include In-Unit Laundry Hookups, Surface Parking, and an Underutilized Back Patio
Recent Improvements Include New Electrical Panels
Located in Northeast Los Angeles’ Desirable El Sereno Neighborhood, Where the Median Home Value Has Increased Nearly Nine Percent in the Past Year
4938 Gambier Street
Los Angeles, CA
The Bogie Group of Marcus & Millichap is pleased to present to market 4938 Gambier Street, a four-unit apartment property in Los Angeles’ desirable El Sereno neighborhood, where the median home price has increased 8.5% in just the past year. The property is located two blocks from El Sereno Middle School and two miles from Cal State Los Angeles and the 710 and 10 freeways.
4938 Gambier Street is a 1920 construction that consists of two duplexes with all two-bedroom one-bath units and all units are separately metered for gas and electricity. The property also offers in-unit laundry hookups, eight surface parking spaces, and an underutilized back patio. Recent improvements include new electrical panels.
This offering presents a great opportunity for an astute investor to acquire an asset in an up-and-coming neighborhood, reposition the property, and capture substantial rental upside.