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341 N Genesee Ave, Los Angeles, CA 90036
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341 N Genesee Ave Los Angeles, CA 90036

$1,901,250 Sold Price as of 03/12/2024
  • 8 Beds
  • 4 Baths
  • 5,579 Sq.Ft.
Sold
$1,901,250 Sold Price as of 03/12/2024 Refinance Your Mortgage
Map preview of 341 N Genesee Ave, Los Angeles, CA 90036

Property Overview: 341 N Genesee Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,579 living square feet and 6,377 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Offered for sale for the first time in over 50 years, 341 N Genesee Avenue is a four-unit investment property located in the Fairfax District/Beverly Grove neighborhood, a densely populated rental submarket known for excellent rental growth and low vacancy rates. Two units will be delivered vacant at the close of escrow providing a great opportunity for an owner-user or investor. 341 N Genesee Avenue consists of Four (4) large 2 bedroom/1 bath units. Each unit is separately metered for gas and electricity. There are five 1-car garages and the garages are vacant making them perfect for an ADU (buyer to verify). The property has a WALKSCORE OF 91 and is within proximity to The Grove and Farmer's Market, La Brea Avenue and Melrose Avenue, all considered some LA's most popular destinations for numerous retail and restaurant venues.

Listed by Archie Robb | BRE #02002291 | Keller Williams Realty La Canada Flintridge
Co-listed by Kendra Fuchs | BRE #02005080 | Real Broker
Last checked: 12 minutes ago | Last updated: March 12th, 2024 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft
6,377
HOA Dues
$0/mo
Year built
1927
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
23335617
City
Los Angeles
County
Los Angeles
Time on Site
165 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,470
  • Total Rent: $2,470
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.2%
  • Gross Rent Multiplier: 12.8
  • Gross Scheduled Income: --
  • Net Operating Income: $111,256
  • Gross Operating Income: $163,076
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 341 N Genesee Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage - Single Door, Driveway
Property Information
  • Total # of Units: 4
  • Parcel Number: 5527039013
  • Architectural Style: Spanish
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps. Just North of Beverly.
View more facts & features

Local Los Angeles Agent

Sale History for 341 N Genesee Ave

Last sold for $1,901,250 on March 12th, 2024

  • March, 2024

  • Mar 12, 2024

    Date

    Sold

    CRMLS: 23335617

    $1,901,250

    Price

  • Nov 29, 2023

    Date

    Active

    CRMLS: 23335617

    $2,350,000

    Price

Tax History for 341 N Genesee Ave

Assessed Value (2020): $996,603
Year Land Value Improved Value Assessed Value
2020 $750,724 $245,879 $996,603

Home Value Compared to the Market

This property vs the competition

341 N Genesee Ave sold on March 12, 2024 for 80.67% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $385.37 per/sqft which puts the price per square foot 48.96% lower than the current median sale per square foot for the city of Los Angeles.

About 341 N Genesee Ave

Detailed summary of property

341 N Genesee Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 5,579 living square feet, and sits on an approximately 6,377 square foot lot. 341 N Genesee Ave was first listed on ArdentRealEstateGroup.com on November 29, 2023. The homeowner sold the property for $1,901,250. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 80.67% higher than the current median priced home. Local homes that are currently for sale include 843 S Curson Ave, 6626 W 6th St and 6918 Willoughby Ave. While the average home in Los Angeles, CA is selling in 93 days, 341 N Genesee Ave has a days on market of 77 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 341 N Genesee Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 341 N Genesee Ave

Public county record property details
Beds
8
Baths
4
Year built
1927
Sq. Ft.
5,579
Lot Size
6,375
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
470
APN
5527-039-013

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,875,000
Median List Price/Sq.Ft.
$859
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
52
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

Thinking of Selling?

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(714) 706-1823

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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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