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409 N Genesee Ave
For Sale $3,300,000 ($489.90 per Sq Ft)
$3,300,000 ($489.90 per Sq Ft)
- 8 Units
- 6,736 Sq Ft
- 6,355 Sq Ft
- Unknown Cap Rate
Description
409 N Genesee is classic 1920s Spanish-style 8-unit building, being offered for sale along with the adjacent property at 415 N Genesee. Each of the 8 units at 409 N Genesee is a 1 bedroom/1 bathroom. 7 of the 8 units have been fully renovated including new kitchens in an open floorplan, new bathrooms, air conditioning throughout, and laundry in each unit. The property also includes 4 uncovered parking spaces in the rear of the building. Located in prime Beverly Grove, within close proximity of The Grove shopping center, as well as retail, restaurants, markets, etc along Beverly Blvd. Existing financing with Chase Commercial Lending at 3.95% interest rate may be assumable. Please inquire for details.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,300,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,736 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1927 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5527028012 |
| MLS # | 24455283 |
| Property ID | 291511122 |
| Lot Sqft | 6,355 |
| Zoning | LARD1.5 |
| Total Units | 8 |
| Days on Market | 43 |
| Original List Price | $3,300,000 |
| Date Updated | February 05, 2025 |
| Date Created | January 28, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $2,635 | $22,950 |
| Gross Income (Yr) | $ 247,000 |
| Operating Expenses | $ 68,000 |
| Net Income (Yr) | $ 179,000 |
| Cap Rate | 5.40% |
Listing Provided By
Adam Corleto an agent of . Lic #01488562
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