Condominium buy in Los Angeles California

We are pleased to present 455 N. Genesee Avenue, a two-story apartment building located in the desirable neighborhood of Miracle Mile, two blocks south of Melrose Avenue. Situated on a 6,373 SF lot, the property offers 8,832 rentable SF. Although originally built as a 12-unit apartment building, the previous owners decided to convert the two-bedroom units into 4 one-bedroom units and 4 bachelors, therefore dividing the property into a total of 16 units. As a result, the current unit mix now consists of four (4) bachelors, four (4) singles, and eight (8) one-bedroom/one-bathroom units. Two of the one-bedroom/one-bathroom units have been extensively upgraded, including new plumbing, electric, kitchen, bathroom, paint and refinishing of hardwood floors. Furthermore, the roof was replaced approximately ten years ago. The property is within close-proximity to The Grove and Pan Pacific Park, giving residents convenient access to an array of popular shopping and dining venues.455 N. Genesee Avenue has been held by current ownership for over 32 years, offering investors the perfect opportunity to purchase an investment property with huge upside potential, which could be achieved through interior and exterior renovations. MLS® ID: 21106194 Listed: 11/16/21 Updated: 10/14/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Cooling: None Heating: Wall Furnace Exterior/Building Features Lot Size: 6,374 ft2 lot Other Property Details Area Name: C19 - Beverly Center-Miracle Mile Garage: No Parking: None View: N County: Los Angeles Pool: No Total Stories: 2 Zoning: LARD1.5 Courtesy of Marcus & Millichap, Saadia Liberow, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/14/22. 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.