1074 S Genesee Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$2,225,000 USD
310-494-6368
1074 S Genesee Ave, Los Angeles, CA for Sale
$2,225,000 USD
Apartments - FOR SALE
1/39
null | 5.01% Cap Rate

1074 S Genesee Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Spanish Colonial Revival 4-plex built in 1933. Prime Carthay Square / Wilshire Vista location in Mid-City. Strong in-place income under $13.5K/mo.
  • Originally built for Charlotte Chase, property is an excellent example of highly intact Spanish Colonial Revival architecture.
  • Unit mix consists of massive 3+3.5 owner’s unit on entire ground floor, plus a 1+1.5, 1+1 and studio upstairs.Ideal for both owner-users and investors
  • Two detached two-car garages plus 3 uncovered parking spaces, for a total of 7-car parking on the property.
  • Property modified from a duplex to 5-unit building in 1949, then bottom two units were restored into a single master unit in 2009
  • Upstairs units feature original wainscotting, hardwood floors, decorate ceiling beams, crown molding & bathroom tiling

OVERVIEW

The Glaser Group is pleased to present 1074–1076 S Genesee Avenue, also known as the Charlotte Chase Apartments, an architecturally significant Spanish Colonial Revival 4-plex located in the highly desirable Carthay Square / Wilshire Vista neighborhood of Los Angeles. Originally constructed in 1933 for Charlotte Chase herself, the property stands as an exceptional example of well-preserved period architecture and craftsmanship. The building has been carefully maintained and thoughtfully upgraded, featuring in-unit washer/dryers, extensively renovated kitchens and bathrooms, and central HVAC systems on both levels. Additional features include original wainscoting, hardwood floors, decorative ceiling beams, crown molding, and vintage bathroom tilework that highlight the property’s historic character. The property is currently receiving extensive cosmetic repairs to the exterior stucco and will be repainted shortly, photos are circa 2020. The 5,054 square foot building sits on a 7,267 square foot LAR3 lot and features a unique unit mix consisting of a massive 2,158 SF 3-bedroom + 3.5-bath owner’s unit occupying the entire ground floor, along with a 1-bedroom + 1.5-bath, a 1-bedroom + 1-bath, and a studio on the upper level. The property also includes two detached two-car garages plus three uncovered spaces, providing a total of seven parking spaces. With strong in-place income of just under $13,500 per month, this offering is priced at $2,225,000, equating to $556,250 per unit, $440.25 per square foot, and a 13.74 GRM. Under Senate Bill 1211, an investor may build up to four ADUs and modify or retain some of the seven parking spaces (Buyer to Verify). Designated as a Los Angeles Historic-Cultural Monument (HCM) in 2018, the Charlotte Chase Apartments offers residents convenient access to Little Ethiopia, LACMA, The Grove, and the Beverly Grove dining and retail corridor. The property’s central location provides direct connectivity to Beverly Hills, West Hollywood, and Koreatown, ensuring strong and consistent tenant demand.

FOR SALE DETAILS

PRICE

$2,225,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

4

PRICE/UNIT

$556,250

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1933

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

5086-026-004

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.