455 N Genesee Avenue

Los Angeles, CA 90036

$4,285,000

List Price

8

bed Beds

16

shower Baths

8,832 sqft

straighten / sqft

1932

calendar_month Built

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**

Listing Information

List Price $4,285,000
Status Active
MLS 24421805
Type Residential Income
Year Built 1932
Lot Size 6,376
Structure Size 8,832
DOM 80
Courtesy Of Maywood Property Group
Listing Agent Nicholas Hayner DRE#02090908

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 16

Exterior Information

Maps

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.