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Multifamily

347-349 N Genesee Ave

347 N Genesee Ave, Los Angeles, CA 90036

Listing Price: $2,450,000

Cap Rate
4.89%
Number of Units
4
GRM
16.67
Occupancy
3.0%
Price/Unit
$612,500
Price/Gross SF
$412.81
Gross SF
5,935

Investment Overview

Prime Location
Incredibly located steps away from Beverly Blvd and just 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 Farmers Market and Melrose Avenue to numerous eclectic boutiques,
the allure of this locale translates to high tenant demand and premium rental rates.

Walker's Paradise
With a stellar Walk Score of 95, this property caters to the modern lifestyle, where convenience reigns
supreme. Tenants revel in the freedom to stroll to nearby attractions, fostering a sense of community
and reducing reliance on transportation. As an investor, this translates to higher tenant retention rates
and enhanced property desirability.

Desirable Demographics
The Fairfax District boasts a robust average household income of nearly 126K within 1 mile of the subject
property, 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.

Opportunity Overview
347-349 Genesee offers a compelling investment opportunity with strong fundamentals, located in the
heart of the Fairfax District. This prime location boasts exceptional walkability and an impressive average
household income of nearly $126K within a one-mile radius, reflecting the area's affluent demographic
and strong purchasing power. This economic stability creates a favorable investment climate
and ensures ongoing demand for quality rental accommodations.

Investment Highlights

  • Prime Location
  • Walker's Paradise
  • Desirable Demographic
  • Opportunity Overview

Exclusively Listed By

  • Sam Liberow

    Senior Managing Director Investments

    (818) 212-2795

    Email Sam

    License(s): CA: 01933858, CA: 02031850

    Encino

Financing By

Multifamily

347-349 N Genesee Ave

Listing Price: $2,450,000

Cap Rate
4.89%
Number of Units
4
GRM
16.67
Occupancy
3.0%
Price/Unit
$612,500
Price/Gross SF
$412.81
Gross SF
5,935

Investment Highlights

  • Prime Location
  • Walker's Paradise
  • Desirable Demographic
  • Opportunity Overview

Investment Overview

Prime Location Incredibly located steps away from Beverly Blvd and just 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 Farmers Market and Melrose Avenue to numerous eclectic boutiques, the allure of this locale translates to high tenant demand and premium rental rates. Walker's Paradise With a stellar Walk Score of 95, this property caters to the modern lifestyle, where convenience reigns supreme. Tenants revel in the freedom to stroll to nearby attractions, fostering a sense of community and reducing reliance on transportation. As an investor, this translates to higher tenant retention rates and enhanced property desirability. Desirable Demographics The Fairfax District boasts a robust average household income of nearly 126K within 1 mile of the subject property, 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. Opportunity Overview 347-349 Genesee offers a compelling investment opportunity with strong fundamentals, located in the heart of the Fairfax District. This prime location boasts exceptional walkability and an impressive average household income of nearly $126K within a one-mile radius, reflecting the area's affluent demographic and strong purchasing power. This economic stability creates a favorable investment climate and ensures ongoing demand for quality rental accommodations.

Exclusively Listed By

  • Sam Liberow

    Senior Managing Director Investments

    (818) 212-2795

    Email Sam

    License(s): CA: 01933858, CA: 02031850

    Encino

Financing By

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