Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

8

Building size

8,588 sqft

Lot size

6,227 sqft

Year built

1929

Stories

0

Heating

Natural Gas

Status

Active

Days on market

0

MLS #

248764622

About this property

Pearson Properties is proud to present 314 N Genesee Ave, a two story 1929 built Spanish style apartment building centrally located in the highly desirable "Grove" area across Pan Pacific Park. Consisting of 8 units have 2 Bedrooms and 1 Bathroom, all units are full of its original charm including hardwood flooring, Spanish tiles and special molding. Although the list price already reflects an aggressive 6.1 CAP, the real value lies upon upgrading the units. A buyer could leave the building as-is, or a more active investor could upgrade the units to increase the rent drastically. Laundry room offers additional income. Please call listing agent with any questions. Please do not disturb tenants or walk property without listing agent.

Location

314 N Genesee Avenue

Los Angeles, Los Angeles, CA, 90036