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Property Description

347-349 Genesee offers a compelling investment opportunity with strong fundamentals, situated in the heart of the Fairfax District. Incredibly located steps away from Beverly Blvd and a short walk to The Grove, residents enjoy convenient access to an array of daily errands, retail stores, restaurants, and entertainment venues. From iconic landmarks such as the Farmers Market and Melrose Avenue to numerous eclectic boutiques, the allure of this locale translates to high tenant demand and premium rental rates. This prime location boasts exceptional walkability, allowing tenants to revel in the freedom to stroll to nearby attractions. This fosters a sense of community and reduces reliance on transportation, ultimately translating to higher tenant retention rates and enhanced property desirability. The Fairfax District also boasts a robust average household income of nearly $126K within a one-mile radius, reflecting the area’s affluent demographic and strong purchasing power. This economic stability contributes to a favorable investment climate and ensures continued demand for quality rental accommodations. Altogether, 347-349 Genesee is an attractive investment, offering a blend of prime location, strong financial metrics, and desirable tenant demographics.

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Additional Information
Marcus & Millichap
0
CLW-C119946
CLW-X75151
Saadia 'Sam'
5527039012
: Standard
Two
32

Multi-Family For Sale

347 Genesee Avenue, Los Angeles, California 90036

5,935 Sqft
$2,450,000
Listing ID #24400507
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24400507
Price : $2,450,000
Living Area : 5,935 Sqft
Lot Size : 6,377 Sqft
Year Built : 1928
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90036
Price Per Square Foot : $413
ModificationTimestamp : 2024-06-15 05:07:18
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