Homes for sale - 347 N Genesee Ave, Los Angeles, CA 90036

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Jeffrey Payatt

jpayatt@gmail.com +1(805) 886-2324

$ 2,275,000

Est. payment | -/mo

7 Beds

6 Baths

5,935 SqFt

Save

$ 2,275,000

Est. payment | -/mo

Save

7 Beds

6 Baths

5,935 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 5,935 sqft

Price per Sqft $383

MLS Listing ID 24-400507

Bedrooms 7

Year Built 1928

Lot Size 6,377 Sqft

Acres 0.1464

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 Beverly Center-Miracle Mile

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Garage Uncovered, Garage Is Detached

Garage Spaces 8.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 886-2324

jpayatt@gmail.com

347 N Genesee Ave Los Angeles, CA 90036

Jeffrey Payatt

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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347 N Genesee Ave