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

$1,725,000 Sold Price as of 03/15/2023
  • 6 Beds
  • 4 Baths
  • 4,113 Sq.Ft.
Sold
$1,725,000 Sold Price as of 03/15/2023 Refinance Your Mortgage
Map preview of 428 N Genesee Ave, Los Angeles, CA 90036

Property Overview: 428 N Genesee Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 4,113 living square feet and 6,150 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 428 North Genesee Avenue, a true pride of ownership 4-unit apartment building located in one of the most sought-after and trendy neighborhoods Miracle Mile, California. This is an excellent owner/user opportunity as 1 unit will be delivered vacant at the close of escrow. Built in 1938, this property consists of two (2) one-bedroom/one-bathroom units and two (2) two-bedroom/one-bathroom units. This property provides an investor a tremendous value add opportunity as current rents are approximately 15% below market. The building is 4,113 square feet and sits on a 6,150 square foot lot that is LARD1.5 zoned. The property features four (4) separate enclosed garage parking spaces for its residents.428 North Genesee Avenue has a Walk Score of 93 as it is just a few blocks from trendy boutique retail, restaurants, and cafes along Melrose Avenue. The property is also a short walk from The Grove shopping center which famously features high-end retail and world-class dining options. Centrally located, the property is just a short drive from dining, retail, and entertainment options nearby Beverly Hills, West Hollywood, and Hollywood Boulevard. 428 North Genesee Avenue is conveniently located near the 10 and 101 freeways providing easy access to the Westside/Beach Cities, San Fernando Valley, Downtown LA, and beyond.

Listed by Saadia 'Sam' Liberow | BRE #01933858 | Marcus & Millichap
Co-listed by Matthew Ziegler | BRE #01280909 | Marcus & Millichap
Last checked: 6 minutes ago | Last updated: March 15th, 2023 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft
6,150
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22219347
City
Los Angeles
County
Los Angeles
Time on Site
540 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,063
  • Total Rent: $4,126
  • Pro Forma/Market Rent: $4,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,722
  • Total Rent: $5,443
  • Pro Forma/Market Rent: $6,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.34%
  • Gross Rent Multiplier: 16.1
  • Gross Scheduled Income: --
  • Net Operating Income: $80,220
  • Gross Operating Income: $111,383
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 428 N Genesee Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 5527027025
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Near cross streets Oakwood Ave & N Genesee Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 428 N Genesee Ave

Last sold for $1,725,000 on March 15th, 2023

  • March, 2023

  • Mar 15, 2023

    Date

    Sold

    CRMLS: 22219347

    $1,725,000

    Price

  • Nov 18, 2022

    Date

    Active

    CRMLS: 22219347

    $1,849,000

    Price

  • August, 2022

  • Aug 27, 2022

    Date

    Expired

    CRMLS: 22161395

    $2,000,000

    Price

  • Jun 1, 2022

    Date

    Active

    CRMLS: 22161395

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

  • May, 2000

  • May 25, 2000

    Date

    Sold (Public Records)

    Public Records

    $570,000

    Price

  • January, 1996

  • Jan 24, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 428 N Genesee Ave

Assessed Value (2020): $801,052
Year Land Value Improved Value Assessed Value
2020 $562,146 $238,906 $801,052

Home Value Compared to the Market

This property vs the competition

428 N Genesee Ave sold on March 15, 2023 for 55.38% 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 $449.55 per/sqft which puts the price per square foot 40.46% lower than the current median sale per square foot for the city of Los Angeles.

About 428 N Genesee Ave

Detailed summary of property

428 N Genesee Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 4,113 living square feet, and sits on an approximately 6,150 square foot lot. 428 N Genesee Ave was first listed on ArdentRealEstateGroup.com on November 18, 2022. The homeowner sold the property for $1,725,000. 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 55.38% higher than the current median priced home. Local homes that are currently for sale include 827 N Mccadden Pl, 1301 N Orange Dr and 1012 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 93 days, 428 N Genesee Ave has a days on market of 61 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 428 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 428 N Genesee Ave

Public county record property details
Beds
6
Baths
4
Year built
1938
Sq. Ft.
4,113
Lot Size
6,150
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
444
APN
5527-027-025

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
$1,995,000
Median List Price/Sq.Ft.
$881
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
53
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%)

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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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