1338 S Genesee Ave, Los Angeles, CA 90019
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1338 S Genesee Ave Los Angeles, CA 90019

$2,025,000 Sold Price as of 07/06/2022
  • 6 Beds
  • 5 Baths
  • 3,379 Sq.Ft.
Sold
$2,025,000 Sold Price as of 07/06/2022 Refinance Your Mortgage

Map preview of 1338 S Genesee Ave, Los Angeles, CA 90019

Property Overview: 1338 S Genesee Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 3,379 living square feet and 7,016 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Spectacular, one-of-a-kind, extensively-renovated duplex now available in hot Wilshire Vista! Both units will be delivered VACANT allowing for an owner-user to move right in or for an investor to get market rents. The first home features 2 bedrooms and 2 full bathrooms with an open floor-plan, private master suite/en-suite bathroom, large modern kitchen, a light sun-filled living and dining room, and convenient washer-dryer room and side entrance. The second home features two stories consisting of 4 large bedrooms and 3 full bathrooms; the downstairs features a generous living/dining room, beautiful kitchen, large bedroom and full bath, together with a sizable washer-dryer room, with a side entrance to the yard; the second story greets you with an enormous master suite/en-suite bathroom, and two additional bedrooms and bathroom. Both homes have been masterfully renovated to include: jaw-dropping bathrooms with Kohler deep-soaking roman bathtubs, luxurious rainfall shower-heads, faucets with LED lighting to illuminate the water as it sprinkles down onto your hands; all-new luxurious flooring throughout; stunning modern kitchens with beautiful soft-close cabinets, new dishwashers, ranges, and built-in microwaves; LED recessed lighting throughout; brand new HVAC systems with high-end EcoBee smart thermostats; the plumbing systems have been extensively upgraded to include copper water lines, etc. Property has permits pending for the construction of TWO ADU units to replace the current garage with two studio apartments. You can live in one home, rent out the other, and potentially build two MORE income producing homes. Per previous appraisal, total building size is 3,379 SF. Property is being sold-as is. Buyer to independently verify and inspect property, permits, etc.

Listed by Frederick H. Leeds | BRE #00748543 | Fred Leeds Asset Group Inc.
Last checked: 14 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 71

Home details

Lot Sq. Ft
7,016
HOA Dues
$0/mo
Year built
1952
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
22147277
City
Los Angeles
County
Los Angeles
Time on Site
885 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1338 S Genesee Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 2
  • Parcel Number: 5086028026
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: -
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Sale History for 1338 S Genesee Ave

Last sold for $2,025,000 on July 6th, 2022
  • July, 2022

  • Jul 6, 2022

    Date

    Sold

    CRMLS: 22147277

    $2,025,000

    Price

  • Apr 18, 2022

    Date

    Active

    CRMLS: 22147277

    $2,175,000

    Price

  • December, 2020

  • Dec 24, 2020

    Date

    Sold

    CRMLS: 20649432

    $1,300,000

    Price

  • Nov 28, 2020

    Date

    Pending

    CRMLS: 20649432

    $1,150,000

    Price

  • Nov 11, 2020

    Date

    Active Under Contract

    CRMLS: 20649432

    $1,150,000

    Price

  • Oct 21, 2020

    Date

    Active

    CRMLS: 20649432

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Rare Fixer Opportunity in Wilshire Vista! Excellent Spacious Duplex Income Property. 3042 SqF Mid-century/Traditional style building on 7015 SqF lot. The property consists of 2 Units. Front unit is 1 level with 2 bedrooms and 1 bathroom. Back unit is larger 2 story with 3 bedrooms, 2 baths, huge kitchen and separate laundry room. Both units are very spacious and feature large rooms, big sunny windows and great layouts. 3 car garage. Both units are VACANT and require work! Bring your contractors and your creativity. Central location close to The Grove, Farmers Market and LACMA. Close Freeway access - in the heart of the city, easy commute to anywhere in LA and ready for an end-user or an investor to rent out for income!

  • December, 2020

  • Dec 24, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

  • February, 2009

  • Feb 6, 2009

    Date

    Sold (Public Records)

    Public Records

    $1,175,000

    Price

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Tax History for 1338 S Genesee Ave

Assessed Value (2020): $1,326,509
Year Land Value Improved Value Assessed Value
2020 $1,167,328 $159,181 $1,326,509

Home Value Compared to the Market

This property vs the competition

1338 S Genesee Ave sold on July 6, 2022 for 85.27% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $614.09 per/sqft which puts the price per square foot 15.18% lower than the current median sale per square foot for the city of Los Angeles.

About 1338 S Genesee Ave

Detailed summary of property

1338 S Genesee Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 3,379 living square feet, and sits on an approximately 7,016 square foot lot. 1338 S Genesee Ave was first listed on ArdentRealEstateGroup.com on April 18, 2022. The homeowner sold the property for $2,025,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 85.27% higher than the current median priced home. Local homes that are currently for sale include 6216 W 6th St, 1040 S Alfred St and 6347 Orange St. While the average home in Los Angeles, CA is selling in 106 days, 1338 S Genesee Ave has a days on market of 71 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1338 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 1338 S Genesee Ave

Public county record property details
Beds
5
Baths
3
Year built
1952
Sq. Ft.
3,042
Lot Size
7,015
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
5086-028-026

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
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Related Resources to 1338 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.