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1455 S Genesee Ave, Los Angeles, CA 90019
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1455 S Genesee Ave Los Angeles, CA 90019

$1,595,000
  • 6 Beds
  • 4 Baths
  • 4,380 Sq.Ft.
For Sale
$1,595,000 Get Pre-Qualified
Map preview of 1455 S Genesee Ave, Los Angeles, CA 90019

Property Overview: 1455 S Genesee Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 4,380 living square feet and 7,130 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: Embark on a rare investment journey in Picfair Village, where a unique opportunity awaits with two distinctive units. The Genesee unit, a meticulously maintained 1979 contemporary design, offers a spacious 3-bedroom, 2.5-bath layout filled with natural light. Impeccable interiors, including a sunken living room and a well-appointed kitchen, make it rental-ready and vacant for customization. Meanwhile, the 1936 Spanish Colonial Revival gem, the Saturn unit, features three bedrooms, two baths, and a charming updated kitchen, currently leased at market rate. This property is a dual delight for owner-users seeking character and investors eyeing substantial returns, with the added potential for an additional ADU for asset maximization. Don't miss this chance to invest in a harmonious blend of modern convenience and timeless charm in a sought-after neighborhood.

Listed by Charles Marquardt | BRE #01893136 | Keller Williams Larchmont
Co-listed by John Barrentine | BRE #01207185 | Keller Williams Larchmont
Last checked: 15 minutes ago | Last updated: January 21st, 2024 | Source CRMLS | DOM: 85
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Home details

Lot Sq. Ft
7,130
HOA Dues
$0/mo
Year built
1936
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
24345187
City
Los Angeles
County
Los Angeles
Time on Site
113 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,250
  • Total Rent: $4,250
  • Pro Forma/Market Rent: $4,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.85%
  • Gross Rent Multiplier: 16.66
  • Gross Scheduled Income: --
  • Net Operating Income: $74,228
  • Gross Operating Income: $111,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1455 S Genesee Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Wall Furnace, Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Attached Carport, Direct Garage Access, Garage Door Opener, Driveway, Street, Garage - Two Door
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5069001014
  • Year Built Source: Assessor
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: East of Fairfax, South of Pico
View more facts & features

Local Los Angeles Agent

Sale History for 1455 S Genesee Ave

Last sold for $1,620,000 on March 26th, 2024

  • March, 2024

  • Mar 26, 2024

    Date

    Sold

    CRMLS: 24345187

    $1,620,000

    Price

  • Jan 11, 2024

    Date

    Active

    CRMLS: 24345187

    $1,595,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 2024

  • Jan 11, 2024

    Date

    Active

    CRMLS: 24345187

    $1,595,000

    Price

  • December, 2023

  • Dec 11, 2023

    Date

    Canceled

    CRMLS: 23281211

    $1,749,000

    Price

  • Jul 6, 2023

    Date

    Active

    CRMLS: 23281211

    $1,849,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this rare investment opportunity in the desirable Picfair Village neighborhood. This unique offering presents two distinct units, each with its own character and appeal. The Genesee unit was built in 1979, and showcases a contemporary design and meticulous maintenance, making it an ideal home for those seeking rental ready convenience. Spanning across 2,488 square feet, this spacious 3 bedroom and 2.5 bath unit offers a comfortable and functional layout. As you step inside, you'll be greeted by a large and inviting sunken living room, sizable formal dining, and open concept kitchen with informal eating and family space. The home features an abundance of natural light, creating a bright and airy atmosphere throughout. The interior boasts an impeccable condition, reflecting the care and attention given to the property over the years. Primary bedroom includes an en-suite bathroom and two spacious walk-in closets. There are two more bathrooms, one full and one half, thoughtfully designed to cater to the needs of the household. This unit will be provided vacant. The Saturn unit is a lovely Spanish Colonial Revival gem built in 1936. This charming three bedroom, two bath home has 1,497 sq ft, and features an updated kitchen with newer appliances, fixtures, and finishes, creating a delightful space for culinary adventures. The renovated bathrooms offer a tranquil retreat, combining modern amenities with classic aesthetics. Currently leased at market rate. This property invites a discerning owner user, or an exceptional return on investment for the savvy investor. There is also an opportunity for the creation of an additional ADU for maximization of the asset.

  • May, 2019

  • May 30, 2019

    Date

    Leased

    CRMLS: 19453984

    $3,995

    Price

  • May 9, 2019

    Date

    Price Change

    CRMLS: 19453984

    $3,995

    Price

  • Apr 12, 2019

    Date

    Active

    CRMLS: 19453984

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Newly Priced. Lease this spacious 3 bedroom 2.5 bath two-story home with over 2,000 sf of living space situated in a very centralized location. The extra-large sunken living room flows into the formal dining room ideal for large dinner parties. From there you enter the open kitchen fully equipped with all appliances, expansive counter space, abundant storage, breakfast room and butler's pantry. All bedrooms are located upstairs. The master en-suite offers soaring, vaulted ceilings, eastern facing windows allowing natural light to pour in and over-sized his and her walk-in closets with dressing area that can easily be set up as an office space. Guest bedrooms are well-sized and share a full bath. The secure, electronic gate provides privacy on this large corner lot. Two car garage, two car carport, plus outdoor courtyard for entertaining. Tons of storage throughout the home, central heating and air, and inside laundry area. Minutes to freeway making commuting through LA a breeze.

  • May, 1994

  • May 18, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1455 S Genesee Ave

Assessed Value (2020): $183,374
Year Land Value Improved Value Assessed Value
2020 $33,594 $149,780 $183,374

Home Value Compared to the Market

This property vs the competition

1455 S Genesee Ave is listed 30.2% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $364.16 per/sqft which puts the price per square foot 52.95% lower than the median price per square foot for the city of Los Angeles.

About 1455 S Genesee Ave

Detailed summary of property

1455 S Genesee Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 4,380 living square feet, and sits on an approximately 7,130 square foot lot. 1455 S Genesee Ave was first listed on ArdentRealEstateGroup.com on January 11, 2024. The homeowner is currently asking $1,595,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 30.2% higher than the median priced home. Local competing homes currently for sale include 6064 Horner St, 1724 S Crescent Heights Blvd and 1358 S Cochran Ave. While the average home in Los Angeles, CA is selling in 96 days, 1455 S Genesee Ave has a days on market of 85 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1455 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 1455 S Genesee Ave

Public county record property details
Beds
5
Baths
4
Year built
1936
Sq. Ft.
4,380
Lot Size
7,127
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
94
APN
5069-001-014

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
66
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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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.

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