1074 S Genesee Ave, Los Angeles, CA 90019
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1074 S Genesee Ave Los Angeles, CA 90019

$2,425,000
  • 5 Beds
  • 6.5 Baths
  • 5,054 Sq.Ft.
For Sale
$2,425,000 Get Pre-Qualified

Map preview of 1074 S Genesee Ave, Los Angeles, CA 90019

Property Overview: 1074 S Genesee Ave Los Angeles, CA has 5 bedrooms, 6.5 bathrooms, 5,054 living square feet and 7,269 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Pride in Ownership! This Charming 4 unit Spanish Revival has One 3 Bed/ 3.5 Bath which is the entire bottom floor of the building. Upstairs is: One 1 Bed/1.5 Bath unit; One 1 Bed/1 Bath unit and One Studio with 1 Bath. There are Two detached 2 car garages in the back of the building along with 3 uncovered parking spaces for a total of 7 car parking on the property.

Listed by Kathryn Avery | BRE #01838865 | RE/MAX Estate Properties
Last checked: 15 minutes ago | Last updated: May 7th, 2024 | Source CRMLS | DOM: 143
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Home details

Lot Sq. Ft
7,269
HOA Dues
$0/mo
Year built
1933
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
SB23227656
City
Los Angeles
County
Los Angeles
Time on Site
143 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,895
  • Total Rent: $2,895
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,658
  • Total Rent: $1,658
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $156,514
  • Net Operating Income: $133,339
  • Gross Operating Income: $156,415
  • # of Rented Garages: 2
  • Garage Rental Rate: $200
  • Garage Rental Income: $2,400
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $23,177
  • Electric: $469
  • Gas/Fuel: $0
  • Trash: $25
  • Gardener: $2,235
  • Insurance: $8,260
  • Maintenance: $6,095
  • Professional Management: $10,916
  • Water/Sewer: $2,119
  • Other Expenses: $674
  • Other Expense Description: Repairs

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Property Details for 1074 S Genesee Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Dryer Included, In Kitchen, Inside, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Wood
  • Galley Kitchen, Kitchen, Living Room, Primary Bedroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Built-in Features, Ceiling Fan(s), Recessed Lighting, Tile Counters
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Tile
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned, Carport, Attached Carport, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, Side by Side
Lot Information
  • Lot Features: 0-1 Unit/Acre, Front Yard, Lawn, Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5086026004
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South of Olympic/San Vicente, East of Fairfax
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 1074 S Genesee Ave

Last sold on July 6th, 2018
  • December, 2023

  • Dec 18, 2023

    Date

    Active

    CRMLS: SB23227656

    $2,599,000

    Price

  • February, 2022

  • Feb 15, 2022

    Date

    Canceled

    CRMLS: SB20178538

    $2,299,000

    Price

  • Feb 1, 2022

    Date

    Active

    CRMLS: SB20178538

    $2,299,000

    Price

  • Jan 19, 2022

    Date

    Hold

    CRMLS: SB20178538

    $2,299,000

    Price

  • Mar 17, 2021

    Date

    Price Change

    CRMLS: SB20178538

    $2,299,000

    Price

  • Nov 12, 2020

    Date

    Price Change

    CRMLS: SB20178538

    $2,199,000

    Price

  • Oct 19, 2020

    Date

    Active

    CRMLS: SB20178538

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    Charming 4 unit Spanish Revival! Building mix consists of: One 3 bd/3.5 ba; One 1bd/1.5 ba; One 1bd/1 ba and a studio/1 ba. Two 2 car detached garages behind building along with 3 uncovered parking spaces for a total to accommodate 7 cars. Owner recently made numerous upgrades to the property!

  • July, 2018

  • Jul 6, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2018

  • May 29, 2018

    Date

    Expired

    CRMLS: 314034107

    --

    Price

  • Listing provided courtesy of CRMLS

    Elegant 1930's LA Confidential style 4 plex. This trophy property. Almost completely updated. High rents with upside. Listing Agent is owner. Excellent tenant in unit 1076 number 5 and 1074. Units1076 number 3 and 4 to be delivered vacant. Mineral rights. Originally a two story duplex. Upper unit divided into three apartments.

  • April, 2016

  • Apr 25, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2015

  • May 6, 2015

    Date

    Price Change

    CRMLS: 15902365

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    Pleased to present this Turn-Key 4 unit multifamily investment opportunity located at 1074 South Genesee Avenue in Los Angeles, CA. The building consists of the following unit mix: one three-bedroom/three-and-one-half bathroom; one one-and-one-half bedroom/one-and-one-half bathroom; one one-bedroom/one-bathroom; one, single/one-bathroom. Situated on a 7,679-square foot lot with approximately 5,010 square feet of rentable space, this building's well-maintained, beautiful 1930s architecture makes it a luxurious investment that includes a courtyard, fountain and lush landscaping. There is a great value to be added by using the back portion of this property to build two additional units.

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Tax History for 1074 S Genesee Ave

Assessed Value (2020): $1,917,700
Year Land Value Improved Value Assessed Value
2020 $1,632,000 $285,700 $1,917,700

Home Value Compared to the Market

This property vs the competition

1074 S Genesee Ave is listed 94.16% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $479.82 per/sqft which puts the price per square foot 38.01% lower than the median price per square foot for the city of Los Angeles.

About 1074 S Genesee Ave

Detailed summary of property

1074 S Genesee Ave is a fourplex located in Los Angeles, CA 90019 and is currently for sale. This fourplex offers 5 bedrooms, 6.5 bathrooms, roughly 5,054 living square feet, and sits on an approximately 7,269 square foot lot. 1074 S Genesee Ave was first listed on ArdentRealEstateGroup.com on December 18, 2023. The homeowner is currently asking $2,425,000 and was originally asking $2,599,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 94.16% higher than the median priced home. Local competing homes currently for sale include 1424 Meadowbrook Ave, 6127 Saturn St and 6626 W 6th St. While the average home in Los Angeles, CA is selling in 93 days, 1074 S Genesee Ave has a days on market of 143 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1074 S Genesee Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1074 S Genesee Ave

Public county record property details
Beds
4
Baths
5
Year built
1933
Sq. Ft.
5,054
Lot Size
7,266
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
112
APN
5086-026-004

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
67
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Related Resources to 1074 S Genesee Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.