Log In/Sign Up
Your email has been sent.
4 Units in Beverly Grove! 1 Delivered Vacant 428 N Genesee Ave 4 Unit Apartment Building $1,850,000 ($462,500/Unit) Los Angeles, CA 90036
Investment Highlights
- 1 unit will be delivered vacant as it is owner-occupied, making owner-user financing an excellent option for the purchase. Washer & dryer in-unit
- Property features very spacious units with charming original architecture and details
- Near many beloved LA landmarks such as The Grove, The Beverly Center, Fairfax Ave, Melrose Ave & Fairfax High School
- Brand new electrical panel
- 4 garage parking spaces plus additional parking in lot
- Incredibly high barrier to entry neighborhood, with average home sales between $1.6-2M+
Executive Summary
428 N Genesee presents a rare chance to own a well-maintained four-unit property in one of Los Angeles’ most desirable rental markets. The building features two (2Br+1Ba) apartments and two (1Br+1Ba). The property offers steady income with a mix of flexible leases with steady tenants: one unit is owner-occupied, one is month-to-month, one has a 1-year lease, and one’s lease expires this year (2026). The building features a brand new electrical panel (2025). Perfectly positioned in the vibrant, historic, and highly coveted Beverly Grove neighborhood, residents enjoy close proximity to trend-setting retail, dining, and entertainment. Just blocks away from Fairfax High School, The Grove, the Beverly Center and some of LA’s most iconic shopping and lifestyle destinations. 428 N Genesee combines rare location, strong rental demand, and long-term upside making this property an ideal addition to any investor’s portfolio.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$126,978
|
$30.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$126,978
|
$30.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$41,096
|
$9.99
|
| Net Operating Income |
$85,882
|
$20.88
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $126,978 |
| Annual Per SF | $30.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $126,978 |
| Annual Per SF | $30.87 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $41,096 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $85,882 |
| Annual Per SF | $20.88 |
Property Facts
| Price | $1,850,000 | Lot Size | 0.14 AC |
| Price Per Unit | $462,500 | Building Size | 4,113 SF |
| Sale Type | Investment | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Building Class | C | ||
| Zoning | LARD1.5 | ||
| Price | $1,850,000 |
| Price Per Unit | $462,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,113 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1938 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | LARD1.5 |
Amenities
- Smoke Detector
Unit Amenities
- Ceiling Fans
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,473 | - |
| 2+1 | 2 | $2,818 | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5527-027-025 | Improvements Assessment | $535,806 |
| Land Assessment | $1,258,884 | Total Assessment | $1,794,690 |
Property Taxes
Parcel Number
5527-027-025
Land Assessment
$1,258,884
Improvements Assessment
$535,806
Total Assessment
$1,794,690
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4 Units in Beverly Grove! 1 Delivered Vacant | 428 N Genesee Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.