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455 N Genesee Ave

Los Angeles, CA 90036
  • $4,500,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 21-106194
UPDATED: 28 min ago
$4,500,000
  • 8
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,832
    SQFT
  • $510
    $/SQFT
Type:
Multi-Family
Built:
1932
County:

School Ratings & Info

Description

We are pleased to present 455 N. Genesee Avenue, a two-story apartment building located in the desirable neighborhood of Miracle Mile, two blocks south of Melrose Avenue. Situated on a 6,373 SF lot, the property offers 8,832 rentable SF. Although originally built as a 12-unit apartment building, the previous owners decided to convert the two-bedroom units into 4 one-bedroom units and 4 bachelors, therefore dividing the property into a total of 16 units. As a result, the current unit mix now consists of four (4) bachelors, four (4) singles, and eight (8) one-bedroom/one-bathroom units. Two of the one-bedroom/one-bathroom units have been extensively upgraded, including new plumbing, electric, kitchen, bathroom, paint and refinishing of hardwood floors. Furthermore, the roof was replaced approximately ten years ago. The property is within close-proximity to The Grove and Pan Pacific Park, giving residents convenient access to an array of popular shopping and dining venues.455 N. Genesee Avenue has been held by current ownership for over 32 years, offering investors the perfect opportunity to purchase an investment property with huge upside potential, which could be achieved through interior and exterior renovations.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-26T21:42:43.307. 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.
www.haciendagroupinc.com/homes/123365974
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455 N Genesee Ave Los Angeles, CA 90036

  • Price: $4,500,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 28 min ago
  • MLS #: 21-106194
8
Beds
0
Baths
0
½ Baths
0.15
Acres
8,832
SQFT
$510
$/SQFT
1932
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
We are pleased to present 455 N. Genesee Avenue, a two-story apartment building located in the desirable neighborhood of Miracle Mile, two blocks south of Melrose Avenue. Situated on a 6,373 SF lot, the property offers 8,832 rentable SF. Although originally built as a 12-unit apartment building, the previous owners decided to convert the two-bedroom units into 4 one-bedroom units and 4 bachelors, therefore dividing the property into a total of 16 units. As a result, the current unit mix now consists of four (4) bachelors, four (4) singles, and eight (8) one-bedroom/one-bathroom units. Two of the one-bedroom/one-bathroom units have been extensively upgraded, including new plumbing, electric, kitchen, bathroom, paint and refinishing of hardwood floors. Furthermore, the roof was replaced approximately ten years ago. The property is within close-proximity to The Grove and Pan Pacific Park, giving residents convenient access to an array of popular shopping and dining venues.455 N. Genesee Avenue has been held by current ownership for over 32 years, offering investors the perfect opportunity to purchase an investment property with huge upside potential, which could be achieved through interior and exterior renovations.
Exterior Features

Lot Size Area 6374 Other Structures None Parking Garage None Total Parking 0

Interior Features

Baths Total 16.00 Cooling None Equipment None Heating Wall

Property Features

Assessed Total Value 1269759 Gross Income 289925 Gross Operating Income 282247 Like Units1 4 Like Units2 8 Like Units3 4 Net Operating Income 161785.00 Number Of Buildings 1 Number Of Units 16 Owner Pays WaterGasElectricity Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 120463 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-26T21:42:43.307. 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.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
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