455 North Genesee Avenue

Los Angeles, CA 90036

$4,285,000
Price
8
Beds
16
Baths
8,832 Sq. Ft.
$485 / Sq. Ft.
8,832
Sq. Ft.
$485
per Sq. Ft.

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...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
  1. Listed by Nicholas Hayner • DRE #02090908 • Brokerage DRE #01488562 • Maywood Property Group

Property Details for 455 North Genesee Avenue

Zoning
LARD1.5
Parcel Number
5527028003
Total Units
16.0
Living Area
8832
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
1
Lot Size Area
6376
LISTING UPDATED: 07/31/2024 10:35 AM

Property Details for 455 North Genesee Avenue

StatusActive
MLS #24-421805
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1932
Lot Size0.15 AC / 6,376 SF
CountyLos Angeles County

Building Information for 455 North Genesee Avenue

Stories2Residences-Year Built1932Building Size-Lot Size0.15 AC / 6,376 SF

Property Information for 455 North Genesee Avenue

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $324,200
  • Net Operating Income: $211,189.00
  • Gross Income: $330,816
  • Cap Rate: 4.93%
  • Gross Rent Multiplier: $12.95
  • Total Annual Expense: 113011
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1464
  • Lot Size Square Feet: 6376
  • Lot Size Dimensions: 50x128
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: On street
  • Total Parking: 0
  • Parking Features: Street
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Refrigerator, Garbage Disposal, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-31-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,091.00
  • Unit Actual Rent: $16,733.00
  • Unit Projected Rent: $2,933.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,301.00
  • Unit Actual Rent: $10,415.00
  • Unit Projected Rent: $13,380.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $360,732.00
  • Assessed Improvement Percent: 27.03
  • Assessed Land Value: $974,009.00
  • Assessed Land Percent: 72.97
  • Assessed Total Value: $1,334,741.00

Property History for 455 North Genesee Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 455 North Genesee Avenue

Taxable ValueLand$993,489Additions$370,406Total$1,363,895
Tax Record2023$17,453 ($1,454 / month)
Home Facts
Total Finished SqFt8,832 SqFtAbove Grade Finished SqFt8,832 SqFtLot Size6,374 SqFtStyleMulti-Family Res (5+ Units)Year Built1932ZoningLARD1.5CountyLOS ANGELESAPN5527-028-003

Schools near 455 North Genesee Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

Whitman Continuation School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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455 North Genesee Avenue is a multi-family home for sale in Los Angeles, CA 90036. This property was listed for sale on July 29, 2024 by Maywood Property Group, it's currently listed at $4,285,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and Whitman Continuation School. 455 North Genesee Avenue is a 8-bed, 16-bath, 8,832 sqft multi-family home built in 1932.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Maywood Property Group, Nicholas Hayner, DRE #02090908

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.