646 N Genesee Ave Los Angeles, CA 90036

$2,000,000 Sold Price as of 03/04/2019

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$2,000,000 Sold Price as of 03/04/2019 Refinance Your Mortgage

Map preview of 646 N Genesee Ave, Los Angeles, CA 90036

Property Overview: 646 N Genesee Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 6,207 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

646 N Genesee Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 646 N Genesee Ave

Last sold for $2,000,000 on March 4th, 2019

May, 2023
May 24, 2023

Date

Expired

CRMLS: 23237407

$2,450,000

Price
Jan 23, 2023

Date

Active

CRMLS: 23237407

$2,450,000

Price
Listing provided courtesy of CRMLS

646 N Genesee Ave is a 6,207 SF lot just south of Melrose Ave and east of Fairfax Ave, ideally located down the street from Fairfax High School and just four blocks north of The Grove, one of Los Angeles' premier shopping and entertainment destinations. The lot is currently vacant land with no tenant relocation required and is zoned RD1.5-1XL-O in a Tier 2 TOC with the ability to build up to five units by right and eight if the TOC benefits are maximized, although an ideal project would include four three-story townhouse units and an ADU. Unique opportunity in a supply-constrained submarket with few development opportunities available; $395 PSF at the asking price. The subject property is located within one of the most desirable rental submarkets in Los Angeles that attracts high-end tenants; within three miles, the average household income is $99,339 and median home value of over $1 MM, indicating a large gap between home ownership and renting. Numerous amenities within the immediate Melrose area with coffee shops such as Blue Bottle, Coffee Commissary, and Starbucks, entertainment and shopping, and restaurants such as Ysabel, Carlitos Steakhouse, Spartina, and Ronan within walking distance; high walk score of 92 with multiple Metro Local Line stops along Melrose Ave and Fairfax Ave. Ideal central location to easily commute to The Grove, Beverly Center, West Hollywood, Hollywood, Beverly Hills, Hancock Park, and Century City

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March, 2019
Mar 4, 2019

Date

Sold (Public Records)

Public Records

$2,000,000

Price
December, 2007
Dec 3, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 646 N Genesee Ave

Assessed Value (2020): --

Year	Land Value	Improved Value	Assessed Value
2020	$2,040,000	--	--

About 646 N Genesee Ave

Detailed summary of property

646 N Genesee Ave is categorized with a use code of Commercial (General) in Los Angeles, CA 90036 and last sold on March 4, 2019 for $2,000,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 6,207 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 90.48% higher than the current median priced home. 646 N Genesee Ave was last sold on March 4, 2019 for $2,000,000. Local nearby listings include 542 N Vista St, 848 N Gardner St and 448 N Laurel Ave. The average home in Los Angeles, CA is selling in 97 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. If you are the homeowner and looking to sell the home at 646 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 646 N Genesee Ave

Public county record property details

Beds: --
Baths: --
Year built: 1991
Sq. Ft.: --
Lot Size: 6,207
Stories: --

Type: Commercial (General)
Pool: No
Spa: No
County: Los Angeles
Lot#: 727
APN: 5527-022-024

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

$1,998,000

Median List Price/Sq.Ft.

$883

Median Sold Price

$742,090

Median Sold Price/Sq.Ft.

$783

Total Inventory

Median Sale to List Price %

99.08%

Avg Days on Market

Loan Type

Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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