fbpx

$2,450,000
7 bed
5,935 Sqft
6,377 Sqft lot

347 N Genesee Avenue, Los Angeles, California 90036

  • Residential Income Property Type
  • 18 Days Time on market
  • $413 Price per sqft
  • 1928 Year Built
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.

Basic Details
Residential Income
Buy
24400507
$2,450,000
7
5,935 Sqft
1928
6,377 Sqft
Active
Condos/Co-ops
Features
8
$0
Address
CA
Los Angeles
Los Angeles
90036
347 N Genesee Avenue
347
Avenue
0
W119° 38' 28.7''
N34° 4' 38.9''
N
Additional Information
18
2
2
6
: Two
1
1
5,935 Sqft
0 Sqft
0 Sqft
0.15 Sqft
6,377 Sqft
1
0 Sqft
LARD1.5
5527039012
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
07/06/2024 10:16:39
$0
: Standard
Near cross streets N Genesee Ave and Oakwood Ave.
Marcus & Millichap
Saadia 'Sam' Liberow
CLW-X75151
CLW-C119946
$0
4.89
1
1
0
0
1
1
4
142543
US-06037-N-5527039012-R-N
07/06/2024 17:32:25
Genesee
C19 - Beverly Center-Miracle Mile
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$