Condominium buy in West Hollywood California

1033 N. Genesee Ave is a 10-unit apartment building built in 1961. This 2-story building provides 8,927 rentable SF and is situated on a 6,375 SF lot. The property consists of six (6) one bed/one bath units and four (4) two bed/two bath units. On-site amenities include a laundry facility as well as gated parking. Additionally, most units are quite large (approximately 900 SF average) and two of the units have extremely large balconies. Four (4) of the units have been extensively remodeled with new kitchens, bathrooms, flooring, and include a washer/dryer inside the unit. These renovated units also have dishwashers as well as split A/C units. Located in a prime West Hollywood neighborhood, just south of Santa Monica Blvd and east of Fairfax Ave, this property is situated in one of the most desirable areas of West Hollywood; it is right in the heart of it all when it comes to dining and entertainment. Furthermore, it is surrounded by several highly rated public schools including Laurel Elementary and Fairfax high school. This property has recently undergone some significant improvements including the completion of the soft story earthquake retrofitting. This is a huge benefit to the buyer as doing the retrofitting work can be extremely costly and the cost of the work cannot be passed on to the tenant in the city of West Hollywoow. This property offers investors the perfect opportunity to acquire a passive investment with future upside potential. The recent renovations have increased the income significantly, while still leaving room for a value-add component for a new owner. MLS® ID: 22175807 Listed: 7/5/22 Updated: 10/17/22 Interior Features Total Bedrooms: 14 Total Bathrooms: 14 Cooling: None Heating: Wall Furnace Exterior/Building Features Lot Size: 6,375 ft2 lot Other Property Details Area Name: C10 - West Hollywood Vicinity Garage: No Parking: Covered Parking Total: 10.0 View: N County: Los Angeles Pool: No Zoning: WDR3C* Property History Date Event Price Value 9/12/22 Price Change $3,700,000 -2% Courtesy of Marcus & Millichap, Saadia Liberow, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. 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.