$1,901,250
$2,150,000
11.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
5,579 SqFt
SOLD DATE : 03/12/2024
Key Details
Sold Price $1,901,250
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,579 sqft
Price per Sqft $340
MLS Listing ID 23335617
Sold Date 03/12/24
Bedrooms 8
HOA Y/N No
Year Built 1927
Lot Size 6,377 Sqft
Acres 0.1464
Property Description
Offered for sale for the first time in over 50 years, 341 N Genesee Avenue is a four-unit investment property located in the Fairfax District/Beverly Grove neighborhood, a densely populated rental submarket known for excellent rental growth and low vacancy rates. Two units will be delivered vacant at the close of escrow providing a great opportunity for an owner-user or investor. 341 N Genesee Avenue consists of Four (4) large 2 bedroom/1 bath units. Each unit is separately metered for gas and electricity. There are five 1-car garages and the garages are vacant making them perfect for an ADU (buyer to verify). The property has a WALKSCORE OF 91 and is within proximity to The Grove and Farmer's Market, La Brea Avenue and Melrose Avenue, all considered some LA's most popular destinations for numerous retail and restaurant venues.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Door-Single, Driveway, Garage
Garage Spaces 5.0
Garage Description 5.0
Parking Type Door-Single, Driveway, Garage
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5527039013
Special Listing Condition Standard
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Bought with Lance Levin • Lancelot Corporation
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "