Address
455 N Genesee Avenue Los Angeles, CA
Price
$ 4,500,000
Property Attributes
  • MLS#21106194
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaBeverly Center-Miracle Mile
  • Zip90036
  • Style
  • Price$ 4,500,000
  • Bedrooms8
  • Full Bathrooms16
  • Half Bathrooms0
  • Sqr Footage8832
  • Lot Size6,374 SqFt
Listing Provided Courtesy Of:
Saadia 'Sam' Liberow with Marcus & Millichap
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
Property Description

We are pleased to present 455 N. Genesee Avenue, a two-story apartment building located in the desirable neighborhood of Miracle Mile, two blocks south of Melrose Avenue. Situated on a 6,373 SF lot, the property offers 8,832 rentable SF. Although originally built as a 12-unit apartment building, the previous owners decided to convert the two-bedroom units into 4 one-bedroom units and 4 bachelors, therefore dividing the property into a total of 16 units. As a result, the current unit mix now 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 refinishing of hardwood floors. Furthermore, the roof was replaced approximately ten years ago. The property is within close-proximity to The Grove and Pan Pacific Park, giving residents convenient access to an array of popular shopping and dining venues.455 N. Genesee Avenue has been held by current ownership for over 32 years, offering investors the perfect opportunity to purchase an investment property with huge upside potential, which could be achieved through interior and exterior renovations.

Price History
11/18/2021 Listed $4,500,000

General Features

Cooling None
Heating Wall Furnace
Listing Agent Saadia 'Sam' Liberow - BRE#01933858
Listing Agent State License 01933858
Lot Size Square Feet 6374
MLS Area C19 - Beverly Center-Miracle Mile
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 16
Zoning LARD1.5

Interior Features

Heating Y/N Yes

Exterior Features

Lot Dimensions 50x128
Lot Size Acres 0.15
Lot Size Area 6374
Lot Size Units Square Feet
Number of Buildings 1
Parking Features None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90036

Price
AVG $2.69M
$4.5M
Year Built
AVG 1927
1932

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