938 North Genesee Avenue

West Hollywood, CA 90046

$2,500,000
Price
14
Beds
16
Baths
7,400 Sq. Ft.
$338 / Sq. Ft.
7,400
Sq. Ft.
$338
per Sq. Ft.

Description

Amazing development oppurtunity. Lot with entitlements for a three-story 7,400 SF 5 unit condominium development located in West Hollywood. Concrete has been laid and the subterranean parking is approximately 70% complete. Entitled for 5 units - (1) 2 Bed / 2.5 Bath Unit, (3) 3 Bed / 2.5 BathUnits & (1) 3 Bed / 3.5 Bath Unit. All units will have roof access along with private parking. Subterranean parking will include12 parking spaces (with 1 ADA parking space). The property is situated on a 6,508...Amazing development oppurtunity. Lot with entitlements for a three-story 7,400 SF 5 unit condominium development located in West Hollywood. Concrete has been laid and the subterranean parking is approximately 70% complete. Entitled for 5 units - (1) 2 Bed / 2.5 Bath Unit, (3) 3 Bed / 2.5 BathUnits & (1) 3 Bed / 3.5 Bath Unit. All units will have roof access along with private parking. Subterranean parking will include12 parking spaces (with 1 ADA parking space). The property is situated on a 6,508 SF lot with WDR3C Zoning. Centrally located in a very walkable neighborhood, the area is close walking distance to grocery stores, fine dining restaurants and other conveniences.
  1. Listed by Philip Boroda • DRE #00822192 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Alvin Scioneaux • DRE #02204613 • Brokerage DRE #00848427 • Lee & Associates Investments Services Group Inc

Property Details for 938 North Genesee Avenue

Zoning
WDR3C*
Parcel Number
5530024003
Total Units
5.0
Living Area
7400
Source Living Area
Plans
Area
West Hollywood Vicinity (C10)
Vacancy Rate
12546
Lot Size Area
6668
LISTING UPDATED: 09/14/2024 12:01 AM

Property Details for 938 North Genesee Avenue

StatusActive
MLS #24-436859
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.15 AC / 6,668 SF
CountyLos Angeles County

Building Information for 938 North Genesee Avenue

Stories3Residences-Year Built1920Building Size-Lot Size0.15 AC / 6,668 SF

Property Information for 938 North Genesee Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: condominiums
Contract Info
Contract Info
  • Disclosures: Lender Owned/REO
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $418,200
  • Net Operating Income: $326,510.00
  • Gross Income: $418,200
  • Gross Rent Multiplier: $6.00
  • Total Annual Expense: 79144
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1531
  • Lot Size Square Feet: 6668
  • Lot Size Dimensions: 50x130
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Gated Underground, Subterranean
  • Total Parking: 13
  • Garage Spaces Total: 13
  • Parking Features: Subterranean
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 09-06-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,950.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $356,517.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,426,077.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,782,594.00

Property History for 938 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 938 North Genesee Avenue

Taxable ValueLand$1,454,598Additions$363,647Total$1,818,245
Tax Record2023$22,468 ($1,872 / month)
Home Facts
Beds3Total Finished SqFt1,451 SqFtAbove Grade Finished SqFt1,451 SqFtStories1Lot Size6,666 SqFtStyleSingle Family ResidenceYear Built1920ZoningWDR3C*CountyLOS ANGELESAPN5530-024-003

Schools near 938 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 - 7 to 12
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

Whitman Continuation School
Public9 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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938 North Genesee Avenue is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on September 6, 2024 by Coldwell Banker Realty, it's currently listed at $2,500,000. It has been on the market for a total of 14 days and was last sold on December 21, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and West Hollywood Opportunity School. 938 North Genesee Avenue is a 14-bed, 16-bath, 7,400 sqft multi-family home built in 1920.

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 Coldwell Banker Realty, Philip Boroda, DRE #00822192; Lee & Associates Investments Services Group Inc, Alvin Scioneaux, DRE #02204613

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.