Search
347 N Genesee Ave, Los Angeles, CA 90036
Image 2 for 347 N Genesee Ave, Los Angeles, CA 90036
Image 3 for 347 N Genesee Ave, Los Angeles, CA 90036
View Photos

347 N Genesee Ave Los Angeles, CA 90036

$2,450,000
  • 7 Beds
  • 6 Baths
  • 5,935 Sq.Ft.
For Sale
$2,450,000 Get Pre-Qualified
Map preview of 347 N Genesee Ave, Los Angeles, CA 90036

Property Overview: 347 N Genesee Ave Los Angeles, CA has 7 bedrooms, 6 bathrooms, 5,935 living square feet and 6,377 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: 347-349 Genesee offers a compelling investment opportunity with strong fundamentals, situated in the heart of the Fairfax District. Incredibly located steps away from Beverly Blvd and 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 the Farmers Market and Melrose Avenue to numerous eclectic boutiques, the allure of this locale translates to high tenant demand and premium rental rates. This prime location boasts exceptional walkability, allowing tenants to revel in the freedom to stroll to nearby attractions. This fosters a sense of community and reduces reliance on transportation, ultimately translating to higher tenant retention rates and enhanced property desirability. The Fairfax District also boasts a robust average household income of nearly $126K within a one-mile radius, 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. Altogether, 347-349 Genesee is an attractive investment, offering a blend of prime location, strong financial metrics, and desirable tenant demographics.

Listed by Saadia 'Sam' Liberow | BRE #01933858 | Marcus & Millichap
Last checked: 13 minutes ago | Last updated: June 15th, 2024 | Source CRMLS | DOM: 19
Get a $7,350 Cash Reward New

Buy this home with Ardent Real Estate Group and get $7,350 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
6,377
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24400507
City
Los Angeles
County
Los Angeles
Time on Site
18 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: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,756
  • Total Rent: $2,756
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.89%
  • Gross Rent Multiplier: 16.67
  • Gross Scheduled Income: --
  • Net Operating Income: $119,826
  • Gross Operating Income: $170,335
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 347 N Genesee Ave

No upcoming open houses

Schedule Tour

Property Details for 347 N Genesee Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 4
  • Parcel Number: 5527039012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Near cross streets N Genesee Ave and Oakwood Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 347 N Genesee Ave

Last sold on January 31st, 2007

  • June, 2024

  • Jun 7, 2024

    Date

    Active

    CRMLS: 24400507

    $2,450,000

    Price

  • January, 2007

  • Jan 31, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 347 N Genesee Ave

Assessed Value (2020): $706,569
Year Land Value Improved Value Assessed Value
2020 $318,983 $387,586 $706,569

Home Value Compared to the Market

This property vs the competition

347 N Genesee Ave is listed 96.16% 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 $778 and this home is listed at $412.81 per/sqft which puts the price per square foot 46.94% lower than the median price per square foot for the city of Los Angeles.

About 347 N Genesee Ave

Detailed summary of property

347 N Genesee Ave is a multi family located in Los Angeles, CA 90036 and is currently for sale. This multi family property offers 7 bedrooms, 6 bathrooms, roughly 5,935 living square feet, and sits on an approximately 6,377 square foot lot. 347 N Genesee Ave was first listed on ArdentRealEstateGroup.com on June 7, 2024. The homeowner is currently asking $2,450,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 96.16% higher than the median priced home. Local competing homes currently for sale include 6138 Orange St, 6347 Orange St and 606 N Sycamore Ave. While the average home in Los Angeles, CA is selling in 98 days, 347 N Genesee Ave has a days on market of 19 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 347 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 347 N Genesee Ave

Public county record property details
Beds
8
Baths
8
Year built
1928
Sq. Ft.
5,935
Lot Size
6,375
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
469
APN
5527-039-012

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
$2,150,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,490,000
Median Sold Price/Sq.Ft.
$878
Total Inventory
46
Median Sale to List Price %
99.33%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (26.32%), Other (21.05%)

Tour This Home

Buy with Ardent Real Estate Group and save $7,350.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $7,350 Cash Reward New

Buy this home with Ardent Real Estate Group and get $7,350 back.

Call/Text (714) 706-1823

Homes for Sale Near 347 N Genesee Ave

Nearby Homes for Sale

358 N Ogden Dr, Los Angeles, CA 90036
$2,800,000
10 Beds
4 Baths
5486 Sq.Ft.
358 N Ogden Dr
Los Angeles, CA 90036
445 N Spaulding Ave, Los Angeles, CA 90036
$1,995,000
12 Beds
4 Baths
4379 Sq.Ft.
445 N Spaulding Ave
Los Angeles, CA 90036
454 N Genesee Ave, Los Angeles, CA 90036
$2,095,000
10 Beds
10 Baths
3548 Sq.Ft.
454 N Genesee Ave
Los Angeles, CA 90036
417 N Gardner St, Los Angeles, CA 90036
$1,995,000
8 Beds
4 Baths
4392 Sq.Ft.
417 N Gardner St
Los Angeles, CA 90036
461 N Vista St, Los Angeles, CA 90036
$2,500,000
6 Beds
4 Baths
4112 Sq.Ft.
461 N Vista St
Los Angeles, CA 90036
8256 Blackburn Ave, Los Angeles, CA 90048
$2,200,000
6 Beds
5 Baths
3758 Sq.Ft.
8256 Blackburn Ave
Los Angeles, CA 90048
126 S Kings Rd, Los Angeles, CA 90048
$2,295,000
20 Beds
10 Baths
4724 Sq.Ft.
126 S Kings Rd
Los Angeles, CA 90048
823 N Harper Ave, Los Angeles, CA 90046
$2,297,000
4 Beds
2 Baths
2696 Sq.Ft.
823 N Harper Ave
Los Angeles, CA 90046

Recently Sold Homes Near 347 N Genesee Ave

341 N Genesee Ave, Los Angeles, CA 90036
$1,901,250 Last Sold Price
8 Beds
4 Baths
5579 Sq.Ft.
341 N Genesee Ave
Los Angeles, CA 90036
320 N Orange Grove Ave, Los Angeles, CA 90036
$2,500,000 Last Sold Price
4 Beds
8 Baths
5884 Sq.Ft.
320 N Orange Grove Ave
Los Angeles, CA 90036
330 N Spaulding Ave, Los Angeles, CA 90036
$2,275,000 Last Sold Price
8 Beds
4 Baths
5153 Sq.Ft.
330 N Spaulding Ave
Los Angeles, CA 90036
428 N Genesee Ave, Los Angeles, CA 90036
$1,725,000 Last Sold Price
6 Beds
4 Baths
4113 Sq.Ft.
428 N Genesee Ave
Los Angeles, CA 90036

Related Resources to 347 N Genesee Ave

New Listings in 90036
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Call