Active
455 N Genesee Ave
Los Angeles CA, 90036
$4,285,000
$485.17 per sqft
Active
8 Beds
16 Baths
8,832 sqft
Multi-family
Built in 1932
Maywood Property Group is thrilled to introduce the 455 N Genesee Ave Apartments, a prime investment opportunity in the heart of Los Angeles' desirable Beverly-Fairfax neighborhood. This property is ideally situated walking distance from The Grove shopping center and 0.3 miles from the Hackman Capital/ CBS Television City redevelopment project, which is set to create approximately ~18,000 new jobs, boosting local demand. The building features 16 units in total, including 8 studio apartments and 8 one-bedroom / one-bathroom units. With a 4.93% cap rate on current rents and the potential to achieve an 8% cap rate at market rents and the implementation of a RUBS program, this property offers a 28% rental upside. Additionally, the property includes a large basement laundry room with seller-owned machines and secure callbox entry for added convenience and security. **SUBMIT ALL OFFERS**
24-421805
MLSⓇ ID
July 31, 2024
Listed
October 17, 2024
Updated
Map
455 N Genesee Ave
Los Angeles CA, 90036
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
16
Appliances
Refrigerator, Garbage Disposal, Range/Oven
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.15 Acres
Other Property Details
Area Name
Beverly Center-Miracle Mile
Days on Market
80
Garage
No
Parking
On street
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Listed by Nicholas Hayner with Maywood Property Group
Listing Contact: 310-994-9158
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nick Hertz | CA DRE #1992715 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/17/2024
