$ 1,950,000
-
$1,950,000
Price -
11
Bed -
6
Bath -
4,800
SqFt
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About the Listing CLW-X75151 - CLW-C119946
This rare 6-unit multifamily offering presents a compelling, bite-sized entry point into one of Southern California's most desirable rental markets. Ideal for both first-time and seasoned investors, the property features a stabilized income stream with approximately 27% upside potential, offering a strong foundation for long-term wealth creation and portfolio diversification. The building has undergone a substantial exterior facelift, enhancing curb appeal and reinforcing its positioning as a well-maintained asset. Select interior renovations further elevate the property, with two upgraded units featuring modern finishes such as stainless-steel appliances, updated flooring, and in-unit laundry. Additionally, portions of the HVAC, plumbing, and electrical systems have been improved, helping to mitigate near-term capital expenditures and support efficient operations.Located on a quiet residential street yet minutes from major employment hubs, dining, entertainment, and transit options, the property benefits from West Hollywood's exceptional market fundamentals. With over 80% of households renting well above regional averages tenant demand remains deep and resilient, driven by lifestyle appeal, limited inventory, and strong pricing power per square mile. The asset offers tenant-friendly amenities including assigned and covered parking, separately metered utilities, spacious floor plans, and modern features that promote higher occupancy and reduced turnover. Investors will enjoy a strong in-place cap rate with clear upside through continued rental growth, operational optimization, and light repositioning making this an attractive, high-quality investment in an A-tier submarket.
Listing Highlights
Interior Details
- Bedrooms: 11
- Bathrooms: 6 Full
- Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 6
- Zoning: WDR3C*
- Roof:
- Others: Stucco,2+ Total Units
- Sewer:
- Parking Features: Detached Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5530015012
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1040 N Genesee Ave West Hollywood, CA 90046
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