455 North Genesee Avenue
$4,285,000
8
16
8,832
8,832
$485
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
- Listed by Nicholas Hayner • DRE #02090908 • Brokerage DRE #01488562 • Maywood Property Group
Property Details for 455 North Genesee Avenue
Zoning
LARD1.5
Parcel Number5527028003
Total Units16.0
Living Area8832
Source Living AreaVendor Enhanced
AreaBeverly Center-Miracle Mile (C19)
Vacancy Rate1
Lot Size Area6376
LISTING UPDATED: 10/17/2024 10:50 AM
Property Details for 455 North Genesee Avenue
Status | Active |
---|---|
MLS # | 24-421805 |
Days on Market | 116 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1932 |
Lot Size | 0.15 AC / 6,376 SF |
County | Los 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
Property History for 455 North Genesee Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 Record2024$17,774 ($1,481 / 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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