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
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (72)
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.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.