630 N Genesee Ave - Apartments FOR SALE


Los Angeles, CA 90036- Melrose
$2,450,000 USD
949-308-5775
630 N Genesee Ave, Los Angeles, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/11
null | 4.31% Cap Rate

630 N Genesee Ave
Los Angeles, CA 90036
Melrose


HIGHLIGHTS

  • Well Maintained & One Unit Delivered Vacant
  • Pride of Ownership Building in Beverly Grove
  • Detached Garage for ADU Opportunity
  • Walking Distance to Melrose Ave, Near the Grove, Major Developments & Landmarks

OVERVIEW

632 N. Genesee is a very well maintained 4-unit multifamily asset ideally located in Melrose Village, with One unit delivered vacant, remodeled, & ready to move in! Built in 1926, this charming two-story Spanish Style property is over 5,032sf in size and comprised of (4) 2 Bedroom Townhouse Style Units, each spanning 1,200sf with spacious layouts and private access. 3 out of the 4 units have been immaculately updated including the front downstairs unit that’s perfect for an owner/user. Upgrades include new Milgard double pane windows, recessed lighting, hardwood flooring, AC units, washer/dryer hookups inside, and modern kitchen & bath designs to appeal to the local tenant demand. Situated on a 6,373 SF lot zoned LA-RD1.5, the property offers a 4 car detached garage in the back perfect to convert into an ADU for additional income. Huge rental demand in an amazing Beverly Grove location near Fairfax, Farmers Market, the Grove, and walking distance to tons of trendy restaurants & shops on Melrose.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

4

PRICE/UNIT

$612,500

CAP RATE

4.31%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,373 SF

ZONING

LARD1.5

APN/PARCEL ID

5527-022-028

ASK ABOUT THIS PROPERTY

Brian NohNOHCO Real EstateMore Info
949-308-5775

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Brian NohNOHCO Real EstateMore Info
949-308-5775

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