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. 428 N Genesee combines rare location, strong rental demand, and long-term upside making this property an ideal addition to any investor’s portfolio.​

 

Location

Perfectly positioned in the vibrant, historic, and highly coveted Beverly Grove neighborhood, residents enjoy close proximity to trend-setting retail, dining, and entertainment.  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!

Property Highlights

• 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

• Two units will be delivered vacant. The owner-occupied unit at 428 1/2 and 430 1/2, whose lease expires in May 2026, making owner-user financing an excellent purchase opportunity

• Washer & dryer in-unit 428 ½

• 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!