622 North Genesee Avenue

Los Angeles, CA 90036

$1,850,000
Price
8
Beds
4
Baths
4,886 Sq. Ft.
$379 / Sq. Ft.
4,886
Sq. Ft.
$379
per Sq. Ft.

Description

This charming fourplex is close to all of the best food and entertainment Los Angeles has to offer. Built in 1926, this old Hollywood character building is comprised of two (2) two-bedroom/one-and-one-half-bathroom units (upper) and two (2) two- bedroom/one-bathroom units (lower). The property offers a single garage for each tenant and in-unit washers and dryers in each unit. All tenants are month to month with below market rents. Rent roll is as follows: Unit 622 - $2,108/month, unit 622.5 - $2,250,...This charming fourplex is close to all of the best food and entertainment Los Angeles has to offer. Built in 1926, this old Hollywood character building is comprised of two (2) two-bedroom/one-and-one-half-bathroom units (upper) and two (2) two- bedroom/one-bathroom units (lower). The property offers a single garage for each tenant and in-unit washers and dryers in each unit. All tenants are month to month with below market rents. Rent roll is as follows: Unit 622 - $2,108/month, unit 622.5 - $2,250, unit 624, $2,042/month, unit 624.5 $2,672/month.

Listing Agent

  1. Dan Steinberg

    Dan Steinberg

    Listing Agent

    Compass

    DRE #01302026

    dan.steinberg@compass.com

    P: (310)-877-0536

Property Details for 622 North Genesee Avenue

Zoning
LARD1.5
Parcel Number
5527022018
Total Units
4.0
Living Area
4886
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
No
Lot Size Area
6357
LISTING UPDATED: 11/27/2024 12:01 AM

Property Details for 622 North Genesee Avenue

StatusActive
MLS #24-465325
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.15 AC / 6,357 SF
CountyLos Angeles County

Building Information for 622 North Genesee Avenue

Stories2Residences-Year Built1926Building Size-Lot Size0.15 AC / 6,357 SF

Property Information for 622 North Genesee Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: NA
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $108,864
  • Net Operating Income: $83,481.64
  • Gross Income: $108,864
  • Cap Rate: 4.51%
  • Gross Rent Multiplier: $16.99
  • Owner Pays: Gardener
  • Total Annual Expense: 25382.36
  • Water Expense: $3,500.00
  • Other Expense: $500.00
  • Expense Pest: $1,032.00
  • Tax Expense: $9,487
  • Gardener Expense: $1,100
  • Insurance Expense: $9,764
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1459
  • Lot Size Square Feet: 6357
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 0
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Window Unit(s)
  • Heating Type: Other
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-19-2024
  • Tenant Pays: Gas, Electricity, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,461.00
  • Unit Actual Rent: $4,922.00
  • Unit Projected Rent: $4,922.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,072.00
  • Unit Actual Rent: $4,150.00
  • Unit Projected Rent: $4,150.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $180,354.00
  • Assessed Improvement Percent: 25.0
  • Assessed Land Value: $541,108.00
  • Assessed Land Percent: 75
  • Assessed Total Value: $721,462.00

Property History for 622 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 622 North Genesee Avenue

Taxable ValueLand$551,930Additions$183,961Total$735,891
Tax Record2024$9,487 ($791 / month)
Home Facts
Total Finished SqFt4,886 SqFtAbove Grade Finished SqFt4,886 SqFtLot Size6,355 SqFtStyleQuadraplexYear Built1926ZoningLARD1.5CountyLOS ANGELESAPN5527-022-018

Schools near 622 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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622 North Genesee Avenue is a multi-family home for sale in Los Angeles, CA 90036. This property was listed for sale on November 19, 2024 by Compass, it's currently listed at $1,850,000. 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. 622 North Genesee Avenue is a 8-bed, 4-bath, 4,886 sqft multi-family home built in 1926.

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 Compass, Dan Steinberg, DRE #01302026

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.