1942 S Garth Ave
Los Angeles, CA 90034
1942 South Garth · Multifamily Property For Sale · 6 Units

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1942 South Garth Avenue, a 6-unit apartment building located just north of Cadillac Boulevard between La Cienega Boulevard and Robertson Boulevard. Built in 1962, this concrete, wood stucco style apartment community offers astute investors an excellent opportunity to create immediate value as the current rents are well below post-renovation market rents. This boutique community is situated on a 6,098 square foot lot, consisting of one two-story structure. The unit mix boasts five three-bedroom, two-bathroom units (approximately 1,175 square feet) and includes one studio (approximately 425 square feet) unit as well. The large units afford a new investor the opportunity to implement an interior unit capital improvement strategy to achieve significant rent premiums in addition to creating a sense of place by rebranding the property and investing in the building’s exterior as well. Although the property has been well maintained by the current ownership, 1942 South Garth is ideally positioned to create one of the submarkets “Jewel Box” communities in a location that is benefiting from improving demographics and near numerous public transportation options.