See all 28 photos

$2,275,000

Est. payment - /mo

Save

7 BD

6 BA

5,935 SqFt

Pending

347 N Genesee AVE Los Angeles, CA 90036

Save

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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

Parking Type 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

Listed by Saadia 'Sam' Liberow • Marcus & Millichap

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search