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1021 N Genesee Ave, West Hollywood, CA 90046
14 Beds
14 Baths
8,738 sqft

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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.
  • Price:
  • $3,150,000
  • Bedrooms:
  • 14
  • Square Footage:
  • 8,738
  • Acreage:
  • 0.15
  • Year Built:
  • 1960
  • Listing ID #:
  • 19463410
  • Street Address:
  • 1021 N Genesee Ave
  • City:
  • West Hollywood
  • State:
  • California
  • Postal Code:
  • 90046
  • County:
  • Los Angeles
  • Community:
  • West Hollywood Vicinity
  • Listing Status:
  • Active
  • Building Floors:
  • 2
  • Number Of Units:
  • 10
  • Square Footage Source:
  • Vendor Enhanced
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 8738
  • Unit1 Bedrooms:
  • 2
  • Unit10 Bedrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit3 Bedrooms:
  • 1
  • Unit4 Bedrooms:
  • 2
  • Unit5 Bedrooms:
  • 1
  • Unit6 Bedrooms:
  • 2
  • Unit7 Bedrooms:
  • 1
  • Unit8 Bedrooms:
  • 1
  • Unit9 Bedrooms:
  • 2
  • Year Built:
  • 1960
  • Adjusted Gross Income:
  • 177230.00
  • Net Operating Income:
  • 106707.00
  • Approximate Lot Size Range Source:
  • Vendor Enhanced
  • Conforms To Zoning:
  • Wdr3c*
  • Lot Square Footage:
  • 6380
  • Days On Market:
  • 69
  • Price Per Square Foot:
  • 360.49
  • Kitchen Appliances:
  • Range Hood, Range
  • Covered Parking Spaces:
  • 10
  • Garage Capacity:
  • 10.0
  • Parking Description:
  • Auto Driveway Gate, Controlled Entrance, Covered Parking
  • Parking Spaces:
  • 10
  • Parking Type:
  • Assigned, Garage Is Attached, Community Garage
  • Appliances:
  • Refrigerator
  • Cooling System:
  • Ceiling Fan(s), Wall Unit(s)
  • Heating:
  • Wall Heater
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Originating MLS: CLAW
  • CARETS

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