CA > Los Angeles
Los Angeles, CA 90036,455 N Genesee Ave
Los Angeles, CA 90036,455 N Genesee Ave
Los Angeles, CA 90036,455 N Genesee Ave
8
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$4,285,000
Est. payment /mo
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8 BD
16 BA
8,832 SqFt
Active

455 N Genesee Ave Los Angeles, CA 90036

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Nikki Bonifatto

Nikki Bonifatto

+1(702) 467-7343

UPDATED:

10/17/2024 05:50 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,832 sqft

Price per Sqft $485

MLS Listing ID 24-421805

Bedrooms 8

Year Built 1932

Lot Size 6,376 Sqft

Acres 0.1464

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 Beverly Center-Miracle Mile

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling Wall Unit(s)

Equipment Refrigerator, Garbage Disposal, Range/Oven

Exterior

Garage On street

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
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Listed by Maywood Property Group

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455 N Genesee Ave