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$2,995,000price
14Beds
14Total Baths
8,927Sqft

The subject property is a 10-unit multifamily property located in the desirable and trendy community of West Hollywood, CA. Constructed in 1961, the two-story building rests atop semi-subterranean parking for 10 vehicles. Current rents are well below those of similar properties in the neighborhood, resulting in an opportunity for a new investor to eventually recapture approximately 62% in rent upside. This income is supplemented by the on-site laundry facilities and leased storage area. Much of the plumbing has been upgraded to copper piping, and the water heater was replaced recently.Select units feature new wood flooring, new kitchen countertops, new cabinets, upgraded bathrooms, private balconies, and ceiling fans.

Listing Details

Essential Information

MLS® #: 17257842
Price: $2,995,000
Bedrooms: 14
Bathrooms: 14.00
Square Footage: 8,927
Year Built: 1961
Type: Income
Status: Back Up Offer

Community Information

Address: 1033 N Genesee Ave
Area: West Hollywood Vicinity (C10)
City: West Hollywood
County: Los Angeles
State: CA
Country: UNITED STATES OF AMERICA
Zip Code: 90046

Amenities

Parking Spaces: 10
Parking: Underground

Interior

Heating: Wall Heater
Cooling: Wall or Window Units, Ceiling Fan(s)
# of Stories: 2

Additional Information

Date Listed: August 4th, 2017
Days on Market: 110
Zoning: WDR3C*
HOA Fees: 0.00

Financials

$/SqFt: $335
Listing Agent: Roderick "rick" Raymundo (01357019)
Listing Office: Marcus & Millichap
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Last updated on November 22nd, 2017 at 6:48am PST