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4 Units in Beverly Grove! 2 Delivered Vacant 428 N Genesee Ave 4 Unit Apartment Building $2,489,007 CAD ($622,252 CAD/Unit) Los Angeles, CA 90036
Investment Highlights
- 2 UNITS WILL BE DELIVERED VACANT!
- Property features very spacious units with charming original architecture and details
- Near many beloved LA landmarks such as The Grove, The Beverly Center, Fairfax Ave, Melrose Ave & Fairfax High School
- Brand new electrical panel (2025)
- 4 garage parking spaces plus additional parking in lot
- Incredibly high barrier to entry neighborhood, with average home sales between $1.6-2M+
Executive Summary
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$178,483
|
$43.39
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,084
|
$13.88
|
| Net Operating Income |
$121,400
|
$29.52
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $178,483 |
| Annual Per SF | $43.39 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,084 |
| Annual Per SF | $13.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $121,400 |
| Annual Per SF | $29.52 |
Property Facts
| Price | $2,489,007 CAD | Lot Size | 0.14 AC |
| Price Per Unit | $622,252 CAD | Building Size | 4,113 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Building Class | C | ||
| Zoning | LARD1.5 | ||
| Price | $2,489,007 CAD |
| Price Per Unit | $622,252 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,113 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1938 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | LARD1.5 |
Amenities
- Smoke Detector
Unit Amenities
- Ceiling Fans
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $3,436 CAD | - |
| 2+1 | 2 | $4,230 CAD | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5527-027-025 | Improvements Assessment | $739,552 CAD |
| Land Assessment | $1,737,587 CAD | Total Assessment | $2,477,139 CAD |
Property Taxes
Parcel Number
5527-027-025
Land Assessment
$1,737,587 CAD
Improvements Assessment
$739,552 CAD
Total Assessment
$2,477,139 CAD
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4 Units in Beverly Grove! 2 Delivered Vacant | 428 N Genesee Ave
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