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,… Read More 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** Read Less
Property listed by Maywood Property Group, Nicholas Hayner 310-650-9696
Listing Snapshot
Days Online
106
Last Updated
Property Type
Other
Beds
8
Square Ft.
8,832
Lot Size
0.15 Acres
Year Built
1932
MLS Number
24421805
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
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1932, Building area total: 8,832, Levels: MultiSplit, Living area: 8832, 1 building
Heating
NaturalGas
Income
Gross income: $330,816, Net operating income: $211,189
Lot
0.1464 acres, 6,376 square feet, Size: 6,376
Parking
OnStreet
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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