MLS® ID: 19-463410
1021 N Genesee Ave
West Hollywood, California, 90046 $3,150,000
This is excellent opportunity to acquire 1021 North Genesee Avenue, a 10-unit apt bldng in one of the best, highly-sought after, rental locations in a desirable and trendy West Hollywood. This 1960 2-story wood framed bldng, offers semi-subterranean gated prkng for 10 vehicles. The gated property has 8,738 sq-ft of bldng on a 6,380 sq-ft lot, has a great unit mix of 4 two-bdrm & two-btrm units, and 6 one- bdrm & one-btrm units. The common laundry machines are landlord controlled and produce income. Selected units have been beautifully renovated w modern new flooring, brand new appliances, new lighting, and wall AC units. The exterior common areas have been upgraded w new paint and lush low-maintenance landscaping. There is fire sprinkler sys in parking garage. An astute investor will benefit immediate cash flow, w the opportunity to capitalize significantly on higher market rents and to acquire a well maintained and low maintenance property, offering a tremendous rental upside.