428 N Genesee Avenue, Los Angeles, CA 90036$1,849,000

We are pleased to present 428 North Genesee Avenue, a true pride of ownership 4-unit apartment building located in one of the most sought-after and trendy neighborhoods Miracle Mile, California. This is an excellent owner/user opportunity as 1 unit will be delivered vacant at the close of escrow. Built in 1938, this property consists of two (2) one-bedroom/one-bathroom units and two (2) two-bedroom/one-bathroom units. This property provides an investor a tremendous value add opportunity as current rents are approximately 15% below market. The building is 4,113 square feet and sits on a 6,150 square foot lot that is LARD1.5 zoned. The property features four (4) separate enclosed garage parking spaces for its residents.428 North Genesee Avenue has a Walk Score of 93 as it is just a few blocks from trendy boutique retail, restaurants, and cafes along Melrose Avenue. The property is also a short walk from The Grove shopping center which famously features high-end retail and world-class dining options. Centrally located, the property is just a short drive from dining, retail, and entertainment options nearby Beverly Hills, West Hollywood, and Hollywood Boulevard. 428 North Genesee Avenue is conveniently located near the 10 and 101 freeways providing easy access to the Westside/Beach Cities, San Fernando Valley, Downtown LA, and beyond.