4 Units in Beverly Grove! 2 Units Delivered Vacant at Close
Multifamily | 4 Units | $449,750/unit
Marketing description
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 in May 2026. 2 units will be delivered vacant at close of escrow. 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.
Investment highlights
- 2 UNITS WILL BE DELIVERED VACANT!
- Property features very spacious units with charming original architecture and details. There are two (2Br+1Ba) and two (1Br+1Ba) units
- Incredibly high barrier to entry neighborhood, with average home sales between $1.6-2M+
- Brand new electrical panel (2025)
- Nicely maintained exterior with beautiful landscaping on a charming street in a very walkable neighborhood. (94 Walk Score!)
- 4 garage parking spaces plus additional room to park in parking in lot
- Over 6,000 SF lot, potential to build ADUs in parking area (Buyer to verify)
- Near many beloved LA landmarks such as The Grove, The Beverly Center, Fairfax Ave, Melrose Ave & Fairfax High School
- Blocks away from Fairfax and Melrose with famous restaurants like Jon N Vinnys, Carters Deli, Naab Restaurant, Blackcraft Coffee & much more!
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