1036 N Genesee Avenue, West Hollywood, CA 90046
Local realty services provided by:ERA Excel Realty
1036 N Genesee Avenue,West Hollywood, CA 90046
$2,850,000
- 12 Beds
- 11 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: saadia 'sam' liberow
Office: marcus & millichap818-212-2700
MLS#:26643301
Source:CRMLS
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Price summary
- Price:$2,850,000
About this home
This prime West Hollywood 10-unit investment offers a compelling blend of strong in-place cash flow and significant value-add potential in one of Los Angeles's most sought-after multifamily submarkets. The stabilized asset features a healthy 5.65% in-place CAP rate with rents below market, providing a clear runway for up to 44% rental upside as remaining units are renovated and rents are strategically adjusted. A well-balanced unit mix anchored by eight highly desirable 1+1 units, complemented by one 2+2 and one 2+1supports durable occupancy, broad tenant appeal, and long-term income stability. Completed seismic retrofitting further enhances the investment profile by eliminating a major capital burden and reducing execution risk for new ownership.The property has undergone thoughtful modernization, with select units showcasing open floor plans, stainless steel appliances, in-unit washer/dryers, and contemporary finishes that position the asset at the top of its competitive set. Recent system and energy-efficient upgrades reduce future capital needs while setting the stage for premium rents as additional units are improved. Located in West Hollywood an area defined by exceptional tenant demand, limited new supply, and proximity to Beverly Hills, Hollywood, and Century City the asset benefits from consistently low vacancy and resilient rent growth, making it an attractive opportunity for both income-focused and value-add investors....
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Home facts
- Year built:1960
- Listing ID #:26643301
- Added:102 day(s) ago
- Updated:May 09, 2026 at 06:38 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:11
- Kitchen Description:Dishwasher, Refrigerator
Heating and cooling
- Heating:Central
Structure and exterior
- Year built:1960
- Construction Materials:Stucco
Finances and disclosures
- Price:$2,850,000
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:8
- Parking description:Gated
- Garage:Yes
- Garage spaces:8
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