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728 S Genesee Ave 5 Unit Apartment Building $1,895,000 ($379,000/Unit) 6.85% Cap Rate Los Angeles, CA 90036
Investment Highlights
- 1st Time to be sold in over 49 Years
- Copper Plumbing Throughout
- Spacious Units Averaging Approx. 1169 SF Each
- Delivered with (4) Vacant Units At The Close Of Escrow
- Excellent Unit Mix Composed of (2) One-Bedroom Units & (3) Two-Bedroom Units
- Offering 5 Garage Private Parking Spaces
Executive Summary
The subject property is located in the highly desirable Miracle Mile area of Los Angeles (90036), a prime central location known for its historic charm, cultural landmarks, and strong tenant demand. Positioned between Beverly Hills, West Hollywood, and Downtown Los Angeles, residents enjoy exceptional access to premier shopping, dining, and entertainment destinations. Major arteries such as Wilshire Boulevard, La Brea Avenue, and Fairfax Avenue provide excellent regional connectivity, while the Metro D (Purple) Line extension will further enhance access to Beverly Hills and Westwood.
Property Facts
| Price | $1,895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $379,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.85% | Building Size | 5,843 SF |
| Gross Rent Multiplier | 9.95 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1938 |
| Property Type | Multifamily | Parking Ratio | 0.86/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Restricted Density Multiple Dwelling | ||
| Price | $1,895,000 |
| Price Per Unit | $379,000 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Gross Rent Multiplier | 9.95 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,843 SF |
| No. Stories | 2 |
| Year Built | 1938 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | LAR3 - Restricted Density Multiple Dwelling |
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 5086-021-029 | Improvements Assessment | $339,029 |
| Land Assessment | $602,731 | Total Assessment | $941,760 |
Property Taxes
Parcel Number
5086-021-029
Land Assessment
$602,731
Improvements Assessment
$339,029
Total Assessment
$941,760
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728 S Genesee Ave
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