347 N Genesee Avenue
Los Angeles, CA 90036
$175,000.00 (-7.14%)
Pending for $2,275,000
Beds: 7 Baths: 6 Structure Size: 5,935 sqft Lot Size: 6,377 sqft
| MLS | 24400507 |
| Year Built | 1928 |
| Property Type | |
| County | Los Angeles |
| Status | Pending |
| Pending | $2,275,000 |
| Structure Size | 5,935 sqft |
| Lot Size | 6,377 sqft |
| Beds | 7 |
| Baths | 6 |
Description
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.
Listing information courtesy of: Saadia 'Sam' Liberow, Marcus & Millichap 818-212-2795. *Based on information from the Association of REALTORS/Multiple Listing as of 11/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
KaTrina Simmons
REALTOR®
Direct: 404.846.4300
Email: Email Me
DRE: 01931644
DRE #01873088
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