347-349 Genesee offers a compelling investment opportunity with strong fundamentals, situated in the heart of the Fairfax District. Incredibly located steps away from Beverly Blvd and a short walk to The Grove, residents enjoy convenient access to an array of daily errands, retail stores, restaurants, and entertainment venues. From iconic… Read More landmarks such as the Farmers Market and Melrose Avenue to numerous eclectic boutiques, the allure of this locale translates to high tenant demand and premium rental rates. This prime location boasts exceptional walkability, allowing tenants to revel in the freedom to stroll to nearby attractions. This fosters a sense of community and reduces reliance on transportation, ultimately translating to higher tenant retention rates and enhanced property desirability. The Fairfax District also boasts a robust average household income of nearly $126K within a one-mile radius, reflecting the area's affluent demographic and strong purchasing power. This economic stability contributes to a favorable investment climate and ensures continued demand for quality rental accommodations. Altogether, 347-349 Genesee is an attractive investment, offering a blend of prime location, strong financial metrics, and desirable tenant demographics. Read Less
Property listed by Marcus & Millichap, Saadia 'Sam' Liberow 818-212-2700
Listing Snapshot
Days Online
160
Last Updated
Property Type
Other
Beds
7
Square Ft.
5,935
Lot Size
0.15 Acres
Year Built
1928
MLS Number
24400507
30 Days Snapshot Of 90036
$2,025k
-3%
(avg) sold price
6
+100%
homes sold
50
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1928, Building area total: 5,935, Levels: Two, Living area: 5935, 2 stories, 1 building
Cooling
None
Heating
None
Income
Gross income: $142,543, Net operating income: $121,925
Lot
0.1464 acres, 6,377 square feet, Size: 6,377
Parking
8 totals parking, Uncovered
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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