455 N Genesee Avenue, Los Angeles, CA 90036
-
Listed Price :
$4,285,000
-
Beds :
8
-
Baths :
16
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Property Size :
8,832 sqft
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Year Built :
1932
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**
Interior Features
| Bedroom Information |
| Bedrooms |
8 |
| Bathroom Information |
| Bathrooms |
16 |
Listing Information
| Address |
455 N Genesee Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90036 |
| County |
Los Angeles |
| Listing Agent |
Nicholas Hayner DRE #02090908 |
| Courtesy Of |
Maywood Property Group |
| List Price |
$4,285,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
8,832 |
| Lot Size |
6,376 |
| Year Built |
1932 |
Listing information courtesy of: Nicholas Hayner, Maywood Property Group. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 17th, 2024 at 6:03 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
