$2,275,000
347 N Genesee AVE Los Angeles, CA 90036
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$2,275,000
Est. payment /mo
7 Beds
6 Baths
5,935 SqFt
UPDATED:
11/01/2024 06:09 PM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,935 sqft
Price per Sqft $383
MLS Listing ID 24400507
Bedrooms 7
HOA Y/N No
Year Built 1928
Lot Size 6,377 Sqft
Property Description
347-349 Genesee offers a compelling investment opportunity with strong fundamentals, situated in the heart of the Fairfax District. Incredibly located steps away from Beverly Blvd and a short walk to The Grove, residents enjoy convenient access to an array of daily errands, retail stores, restaurants, and entertainment venues. From iconic landmarks such as the Farmers Market and Melrose Avenue to numerous eclectic boutiques, the allure of this locale translates to high tenant demand and premium rental rates. This prime location boasts exceptional walkability, allowing tenants to revel in the freedom to stroll to nearby attractions. This fosters a sense of community and reduces reliance on transportation, ultimately translating to higher tenant retention rates and enhanced property desirability. The Fairfax District also boasts a robust average household income of nearly $126K within a one-mile radius, reflecting the area's affluent demographic and strong purchasing power. This economic stability contributes to a favorable investment climate and ensures continued demand for quality rental accommodations. Altogether, 347-349 Genesee is an attractive investment, offering a blend of prime location, strong financial metrics, and desirable tenant demographics.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Garage Uncovered
Attached Garage No
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5527039012
Special Listing Condition Standard
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Listed by Saadia 'Sam' Liberow • Marcus & Millichap
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