1033 N Genesee Ave

West Hollywood, CA, 90046

$3,700,000

$414 per ft²
$3,700,000
$414 per ft²
Active
Active
 - For Sale
beds
14 Beds
baths
14 Baths
carpenters-square
8,927 ft²
property_type
Multi-family
calendar
Built 1961
1033 N. Genesee Ave is a 10-unit apartment building built in 1961. This 2-story building provides 8,927 rentable SF and is situated on a 6,375 SF lot. The property consists of six (6) one bed/one bath units and four (4) two bed/two bath units. On-site amenities include a laundry facility as well as gated parking. Additionally, most units are quite large (approximately 900 SF average) and two of the units have extremely large balconies. Four (4) of the units have been extensively remodeled with new kitchens, bathrooms, flooring, and include a washer/dryer inside the unit. These renovated units also have dishwashers as well as split A/C units. Located in a prime West Hollywood neighborhood, just south of Santa Monica Blvd and east of Fairfax Ave, this property is situated in one of the most desirable areas of West Hollywood; it is right in the heart of it all when it comes to dining and entertainment. Furthermore, it is surrounded by several highly rated public schools including Laurel Elementary and Fairfax high school. This property has recently undergone some significant improvements including the completion of the soft story earthquake retrofitting. This is a huge benefit to the buyer as doing the retrofitting work can be extremely costly and the cost of the work cannot be passed on to the tenant in the city of West Hollywoow. This property offers investors the perfect opportunity to acquire a passive investment with future upside potential. The recent renovations have increased the income significantly, while still leaving room for a value-add component for a new owner.
MLS® ID:
22-175807
Listed:
7/5/22
Updated:
10/2/22

Interior Features

Total Bedrooms
14
Total Bathrooms
14
Cooling
None
Heating
Wall

Exterior/Building Features

Lot Size
6,375 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
10.0
View
N
County
Los Angeles
Pool
No
Zoning
WDR3C*

Property History

Date
Event
Price
Value
9/12/22
Price Change
$3,700,000
-2%

 

Courtesy of Saadia ''Sam'' Liberow, Marcus & Millichap

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 Living the Dream shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/2/22

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