347 N Genesee Avenue
Los Angeles, CA 90036
- 7 beds
- – baths
- 5,935 sqft
- 6,377 sqft lot
- $412 per sqft
- 1928 build
- – on site
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.
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Last updated Jun 19, 2024
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MLS# CL24400507 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1928
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Building Area Total:5935
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Building Area Units:Square Feet
Room Dimensions
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Living Area:5935
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Living Area Units:Square Feet
Location
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Directions:Near cross streets N Genesee Ave and Oakwood Ave.
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Lot Size Area:0.15
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Lot Size Acres:0.15
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Lot Size SqFt:6377
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Lot Size Units:Acres
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Zoning:LARD
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Parcel Number:5527039012
Listing Agent
- Contact info:
- Agent phone:
- (818) 212-2795
Beds
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Bedrooms Total:7
The Listing
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Buyer's Brokerage Compensation:2.000
Heating & Cooling
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Heating:None
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Heating:false
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Cooling:No Air Conditioning
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Cooling:true
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:8
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Parking Features:Other
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/7/24
Jun 7, 2024
|
Listed / Active | BRIDGE | $2,450,000 |