347 N Genesee Avenue Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90036
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 5,935 sqft
Price per Sqft $383
MLS Listing ID CL24400507
Bedrooms 7
HOA Y/N No
Year Built 1928
Lot Size 6,377 Sqft
Acres 0.15
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.
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Heating None
Cooling No Air Conditioning
Fireplace No
Exterior
Total Parking Spaces 8
Building
New Construction No
Others
Tax ID 5527039012