4326 Gateway Avenue
Multifamily | 5.90% CAP | 6 Units
Marketing description
4326 Gateway Avenue presents a rare opportunity to acquire a charming English Cottage-style multifamily property in one of Los Angeles' most dynamic and rapidly evolving neighborhoods. Situated on a prominent corner lot in the heart of Silver Lake/Virgil Village, the property exudes timeless architectural character with its steep gabled rooflines, decorative half-timber detailing, mature landscaping, and storybook-inspired design. Surrounded by lush greenery and tree-lined streets, the property offers exceptional curb appeal and a residential ambiance rarely found in today's apartment inventory.
The property consists of six residential units featuring a desirable mix of studios and one-bedroom floor plans. Several units benefit from private outdoor spaces, expansive yard areas, and in-unit washer and dryer amenities, features that are highly sought after by today's renters and contribute to strong tenant retention. The cottage-style layout, individual unit entrances, and thoughtfully scaled architecture create a living environment that feels more akin to a collection of private homes than a traditional apartment building.
Current ownership has carefully maintained the property's historic charm while preserving a compelling value-add opportunity for a new investor. Existing rents remain below market levels, providing a clear path to future income growth through natural tenant turnover and strategic unit enhancements. The property's architectural character and unique tenant experience position it well to capitalize on continued demand for distinctive housing options within the submarket.
One of the property's most intriguing features is the additional unit historically identified as Unit 4328. While not occupied in recent years, the space presents a potential opportunity for a new owner to further investigate and evaluate its future use, subject to all applicable approvals, inspections, and verification. This potential adds another layer of upside seldom found in comparable multifamily offerings.
Investment highlights
- Distinctive English Cottage-style architecture featuring steep gabled rooflines, decorative half-timber detailing, and exceptional curb appeal.
- Prominent corner lot location with mature landscaping, lush greenery, and a residential feel rarely found in multifamily properties.
- Desirable mix of studio and one-bedroom units with a cottage-style layout that creates a unique living experience for residents.
- Several units feature private outdoor spaces and in-unit washer/dryer amenities, enhancing tenant appeal and retention.
- Significant rental upside potential through natural tenant turnover and strategic unit renovations.
- Potential opportunity to further evaluate the historically identified additional unit (4328), subject to buyer investigation and verification.
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