1103 South Genesee Avenue

Los Angeles, CA 90019

$2,333,888
Price
6
Beds
4
Baths
4,036 Sq. Ft.
$578 / Sq. Ft.
4,036
Sq. Ft.
$578
per Sq. Ft.

Description

Beautiful Spanish Duplex in the heart of the highly sought-after Wilshire Vista neighborhood located in the Miracle Mile walk-streets. Property has tremendous curb appeal and the potential for above-market rents. Walkable to Museum Row and all of the exhibits at LACMA; the Petersen Automotive Museum, the Academy Museum of Motion Pictures, and the La Brea Tar Pits Museum. So many delicious restaurants to choose from and plenty of shopping, entertainment, and work centers. This duplex is comprised...Beautiful Spanish Duplex in the heart of the highly sought-after Wilshire Vista neighborhood located in the Miracle Mile walk-streets. Property has tremendous curb appeal and the potential for above-market rents. Walkable to Museum Row and all of the exhibits at LACMA; the Petersen Automotive Museum, the Academy Museum of Motion Pictures, and the La Brea Tar Pits Museum. So many delicious restaurants to choose from and plenty of shopping, entertainment, and work centers. This duplex is comprised of 6 bedrooms, 2 offices, and 4 bathrooms. Old-world Spanish charm with all of the modern amenities like central heating and air, dishwasher, garbage disposal, in-unit washer, and dryer. This property is a perfect candidate for an accessory dwelling to bring in additional income. It's a great opportunity for a savvy investor to buy and hold or develop and sell.

Listing Agent

  1. Morgan Pasco

    Morgan Pasco

    Alternative Listing Agent

    Compass

    DRE #01313757

Property Details for 1103 South Genesee Avenue

Zoning
LAR1
Style
Spanish
Cross Streets
Between Whitworth Dr. and Packard St.
Parcel Number
5086017031
Total Units
2.0
Living Area
4036
Source Living Area
Assessor
Area
Beverly Center-Miracle Mile (C19)

Location

Listing Courtesy of Compass, Morgan Pasco, DRE #01313757; Compass, Elena Mandeville, DRE #02047240
Add your commute
LISTING UPDATED: 03/28/2023 01:57 PM

Property Details for 1103 South Genesee Avenue

StatusComing Soon
MLS #23-246793
Days on Market-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1933
Lot Size0.18 AC / 7,777 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Morgan Pasco, DRE #01313757; Compass, Elena Mandeville, DRE #02047240
Add your commute

Virtual Tour

Building Information for 1103 South Genesee Avenue

Stories2Residences-Year Built1933Building Size-Lot Size0.18 AC / 7,777 SF

Payment Calculator

$13,447 per month

30 year fixed, 6.73% Interest

Principal and Interest

$12,085

Property Taxes

$1,362

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1103 South Genesee Avenue

Community / Development
    Community / Development
  • Number Of Units: 2
  • Professional Management: 1200.0
  • Senior Community: No
Structure Info
    Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Property Condition: Updated/Remodeled
Contract Info
    Contract Info
  • Disclosures: Principal Is RE Licensed
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $102,516
  • Net Operating Income: $86,046.00
  • Gross Income: $0
  • Cap Rate: 3.70%
  • Gross Rent Multiplier: $22.76
  • Actual Annual Gross Rent: $102,516.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 16470
  • Water Expense: $5,223.00
  • Tax Expense: $1,638
  • Gardener Expense: $2,550
  • Insurance Expense: $4,359
Land / Lot Info
    Land / Lot Info
  • Lot Acreage: 0.1785
  • Lot Size Square Feet: 7777
Parking Details
    Parking Details
  • Parking Garage: Assigned, Garage Is Detached, Garage - 2 Car
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 2
  • Parking Features: Assigned, Garage - Two Door
  • Attached Garage: No
Interior Features
Exterior Features
    Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
    Lease Terms
  • Entry Date: 04-02-2023
Unit Details
    Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,543.00
  • Unit Actual Rent: $3,543.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
    Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $7,450.00
  • Like Units: 1
    Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 0
  • Number of Dishwasher: 2
  • Number of Disposal: 2
  • Number of Drapes: 0
  • Number of Electric Meters: 2
  • Number of Gas Meters: 2
  • Number Leased: 2
  • Number Patio: 1
  • Number Range: 2
  • Number Refrigerator: 2
  • Number Rented Garages: 0
  • Number Wall AC: 2
  • Number Water Meters: 2
Tax and Assessed Info
    Tax and Assessed Info
  • Assessed Improvement Value: $371,320.00
  • Assessed Improvement Percent: 27.27
  • Assessed Land Value: $990,201.00
  • Assessed Land Percent: 72.73
  • Assessed Total Value: $1,361,521.00

Property History for 1103 South Genesee Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1103 South Genesee Avenue

Taxable ValueLand$990,201Additions$371,320Total$1,361,521
Tax Record2022$16,339 ($1,362 / month)
Home Facts
Total Finished SqFt4,036 SqFtAbove Grade Finished SqFt4,036 SqFtLot Size7,780 SqFtStyleDuplexYear Built1933ZoningLAR1CountyLOS ANGELESAPN5086-017-031

Schools near 1103 South Genesee Avenue

This home is within Los Angeles Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 12
RatingSchoolDistance
Carthay Center Elementary
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Morgan Pasco, DRE #01313757; Compass, Elena Mandeville, DRE #02047240

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.