$4,285,000
455 N Genesee AVE Los Angeles, CA 90036
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$4,285,000
Est. payment /mo
8 BD
16 BA
8,832 SqFt
Active
455 N Genesee AVE Los Angeles, CA 90036
UPDATED:
10/17/2024 06:03 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,832 sqft
Price per Sqft $485
MLS Listing ID 24421805
Bedrooms 8
HOA Y/N No
Year Built 1932
Lot Size 6,377 Sqft
Property Description
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**
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Interior
Heating Natural Gas
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Garage On Street
Parking Type On Street
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5527028003
Special Listing Condition Standard
Listed by Nicholas Hayner • Maywood Property Group
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