1036 S Genesee Avenue, Los Angeles, California 90019

$2,500,000

Property Type

Residential Income

Bedrooms

8

Bathrooms

4

Square Feet

4,398 sqft

City

Los Angeles

Status

Active

This quadruplex is ideal for young professionals interested in getting their real estate portfolio started early, or those interested in adding to what they already have. There are four units in this Cape Cod style building all having 2 bedrooms 1 bathroom with kitchen, living room and laundry room in approximately 1,200 sq ft of living space for each on an approximately 6,227 sq ft lot that sits on the street corner. Three of the units are rented. There are two garages, with space for two cars each and ample additional street parking. The area is active with new development. The slogan here could be, "Get it while it's available". Others have been drawn to this area for the obvious reason; the location. This property sits directly across the street from Midway Hospital, and Cedars Sinai Medical Center is right up the street, which is ideal for someone interested in owning something in this general area for work with the added incentive it includes an income property. For young professionals that have to get up very early or work very late, this property could offer some relief by getting you closer to work. There are an assortment of trees surrounding the property which gives it a lush appeal. This is a property that needs some TLC and has a lot of potential. Located near the Carthay Circle area in the Wilshire miracle mile down the street from the Academy Museum of Motion Pictures, Petersen Automotive Museum and the Los Angeles County Museum of Art. A little further north on Fairfax you have the Grove for shopping, entertainment , dining and more shopping.