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    455 N Genesee Ave

    Los Angeles, CA 90036
    • $4,500,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: 20-585430
    Price Reduced
    UPDATED: 35 min ago
    $4,500,000
    • 8
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,832
      SQFT
    • $510
      $/SQFT
    Type:
    Multi-Family
    Built:
    1932
    County:

    School Ratings & Info

    Description

    455 N Genesee Ave is a 12-unit apartment building, divided into 16-units, located in one of the most desirable parts of Los Angeles. The subject property is a two-story building offering 8,832 of rentable SF and is situated on a 6,373 SF lot. The property has been held by current ownership for over 32 years, providing buyers with a strong rental upside, and it is located just two blocks south of Melrose Avenue. The property was originally built as a 12-unit apartment building consisting of four (4) singles, four (4) one bedrooms, and four (4) two bedroom apartments. The previous owner converted the two bedroom units into (4) one bedrooms and (4) bachelors, and therefore divided the property into 16 units. The current unit mix for Genesee consists of four (4) bachelors, four (4) singles, and eight (8) one bedroom/one bathroom units. Two of the one bedroom/one bathroom units have been extensively upgraded including new plumbing, electric, kitchen, bathroom, paint, and floors.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T16:42:22.217. 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.
    www.lydiagable.com/homes/106579351
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    455 N Genesee Ave Los Angeles, CA 90036

    • Price: $4,500,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 20-585430
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    8,832
    SQFT
    $510
    $/SQFT
    1932
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    455 N Genesee Ave is a 12-unit apartment building, divided into 16-units, located in one of the most desirable parts of Los Angeles. The subject property is a two-story building offering 8,832 of rentable SF and is situated on a 6,373 SF lot. The property has been held by current ownership for over 32 years, providing buyers with a strong rental upside, and it is located just two blocks south of Melrose Avenue. The property was originally built as a 12-unit apartment building consisting of four (4) singles, four (4) one bedrooms, and four (4) two bedroom apartments. The previous owner converted the two bedroom units into (4) one bedrooms and (4) bachelors, and therefore divided the property into 16 units. The current unit mix for Genesee consists of four (4) bachelors, four (4) singles, and eight (8) one bedroom/one bathroom units. Two of the one bedroom/one bathroom units have been extensively upgraded including new plumbing, electric, kitchen, bathroom, paint, and floors.
    Exterior Features

    Entry Location Ground Level W/Steps Exterior Construction Wood Siding Levels Two Lot Location City Lot Size Area 6373 Other Structures None Parking Garage None Pool Description None Pool YN No Roof Flat Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 0 Water Frontage None

    Interior Features

    Baths Total 12.00 Cooling Wall Unit(S) Equipment DishwasherMicrowaveRange/OvenRefrigerator Heating Wall Laundry Community

    Property Features

    Gross Income 295928 Gross Operating Income 287050 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 170978.00 Number Of Buildings 1 Number Of Units 12 Owner Pays GasElectricityWater Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 116072 Type Of Units Apartments Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T16:42:22.217. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377