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    1036 N Genesee Avenue

    West Hollywood, CA 90046
    • $3,550,000
    • STATUS: Active Under Contract
    • ON SITE: 44 days
    • ID#: 21682290
    Under Contract
    UPDATED: 70 min ago
    $3,550,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,190
      SQFT
    • $433
      $/SQFT
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    1036 N. Genesee Ave is a 10-unit apartment building located in the heart of West Hollywood! Built-in 1960, this two-story building happens to be the perfect opportunity for investors looking to acquire a passive investment with future upside potential. Ideally located in one of the most desirable West Hollywood neighborhoods known for its great walkability, this property's curb appeal showcases the recent renovations completed over the last few years. This property offers investors the perfect opportunity to acquire a passive investment with future upside potential. The recent renovations have increased the income significantly, while still leaving room for a value-add component for a new owner.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-05T22:29:42.84. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/113408039
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    1036 N Genesee Avenue West Hollywood, CA 90046

    • Price: $3,550,000
    • Status: Active Under Contract
    • Updated: 70 min ago
    • ID#: 21682290
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    8,190
    SQFT
    $433
    $/SQFT
    1960
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    1036 N. Genesee Ave is a 10-unit apartment building located in the heart of West Hollywood! Built-in 1960, this two-story building happens to be the perfect opportunity for investors looking to acquire a passive investment with future upside potential. Ideally located in one of the most desirable West Hollywood neighborhoods known for its great walkability, this property's curb appeal showcases the recent renovations completed over the last few years. This property offers investors the perfect opportunity to acquire a passive investment with future upside potential. The recent renovations have increased the income significantly, while still leaving room for a value-add component for a new owner.
    Exterior Features

    Construction Materials Wood Siding Direction Faces West Entry Location Other Lot Size Units Square Feet Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No Levels Multi/Split

    Property Features

    Country Us Gross Income 226056.00 Gross Multiplier 15.70 Gross Operating Income 219274.00 Net Operating Income 139548.00 Senior Community YN No Special Listing Conditions Standard Tenant Pays GasElectricity Total Expenses 79726.00 Vacancy Allowance Rate 1.00 Zoning Wdr3c*

    Listing provided courtesy of Saadia 'Sam' Liberow of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-05T22:29:42.84. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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