This is excellent opportunity to acquire 1021 North Genesee Avenue, a 10-unit apt bldng in one of the best, highly-sought after, rental locations in a desirable and trendy West Hollywood. This 1960 2-story wood framed bldng, offers semi-subterranean gated prkng for 10 vehicles. The gated property has 8,738 sq-ft of bldng on a 6,380 sq-ft lot, has a great unit mix of 4 two-bdrm & two-btrm units, and 6 one- bdrm & one-btrm units. The common laundry machines are landlord controlled and produce income. Selected units have been beautifully renovated w modern new flooring, brand new appliances, new lighting, and wall AC units. The exterior common areas have been upgraded w new paint and lush low-maintenance landscaping. There is fire sprinkler sys in parking garage. An astute investor will benefit immediate cash flow, w the opportunity to capitalize significantly on higher market rents and to acquire a well maintained and low maintenance property, offering a tremendous rental upside.
Off market
$3,369,700
1021 N Genesee Ave, West Hollywood, CA 90046
14beds
14baths
8,738sqft
MultiFamily
Built in 1960
-- sqft lot
$3,369,700 Zestimate®
$386/sqft
$2,822 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 14
Heating
- Gas
Cooling
- Wall
Appliances
- Included: Refrigerator
Features
- Flooring: Laminate
Interior area
- Total interior livable area: 8,738 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
Lot
- Size: 6,381 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1960
Community & neighborhood
Location
- Region: West Hollywood
Other
Other facts
- County: Los Angeles
- Equipment: Range/Oven, Refrigerator, Ceiling Fan, Hood Fan
- Heating: Wall
- ParkingGarage: Community Garage, Assigned, Auto Driveway Gate, Attached, Covered Parking, Controlled Entrance
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- SourceLotSizeArea: Vendor Enhanced
- Cooling: Wall Unit(s), Ceiling Fan
- ListingArea: West Hollywood Vicinity
- ListingStatus: Active Under Contract
- UnitTypeType: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Services availability
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Estimated market value
$3,369,700