1225 North Genesee Avenue

West Hollywood, CA 90046

$975,000
Price
12
Beds
12
Baths
7,360 Sq. Ft.
$132 / Sq. Ft.
7,360
Sq. Ft.
$132
per Sq. Ft.

Description

Building rentals are subject to an in-place covenant agreement with the City of West Hollywood. Units are reserved exclusively for Very Low, Low & Moderate income tenants only. Covenant agreement remains in effect for the entire useful life of the improvements. Building is located east of Fairfax Avenue, north of Santa Monica Blvd and south of Fountain Avenue. Subject property is a 2 story, 10-unit apartment building built in the late 1950's with one & two bedroom units. There are separate electric...Building rentals are subject to an in-place covenant agreement with the City of West Hollywood. Units are reserved exclusively for Very Low, Low & Moderate income tenants only. Covenant agreement remains in effect for the entire useful life of the improvements. Building is located east of Fairfax Avenue, north of Santa Monica Blvd and south of Fountain Avenue. Subject property is a 2 story, 10-unit apartment building built in the late 1950's with one & two bedroom units. There are separate electric and gas meters, dishwashers in 2 units and 10 parking spaces (uncovered). This densely populated residential area is in the center of one of the most diverse & concentrated employment centers in all of the United States. West Hollywood is known for its world famous night life, restaurants, shopping boutiques and its high concentration of entertainment professionals.
  1. Listed by James Gilb • DRE #00998653 • Brokerage DRE #00998653 • James F. Gilb

Property Details for 1225 North Genesee Avenue

Water Front
None
Zoning
WDR2*
Style
Mid-Century
Cross Streets
Santa Monica Blvd & Genesee
Parcel Number
5530003030
Total Units
10.0
Living Area
7360
Source Living Area
Assessor

Location

Listing Courtesy of James F. Gilb, James Gilb, DRE #00998653
Add your commute
LISTING UPDATED: 04/23/2024 11:57 AM

Property Details for 1225 North Genesee Avenue

StatusPending
MLS #23-342058
Days on Market111
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.19 AC / 8,121 SF
CountyLos Angeles County

Location

Listing Courtesy of James F. Gilb, James Gilb, DRE #00998653
Add your commute

Building Information for 1225 North Genesee Avenue

Stories2Residences-Year Built1958Building Size-Lot Size0.19 AC / 8,121 SF

Payment Calculator

$5,557 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,321

Property Taxes

$236

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1225 North Genesee Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: East
  • Water: Public
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash
  • Disclosures: Rent Control, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $116,304
  • Net Operating Income: $50,621.00
  • Gross Income: $116,304
  • Gross Rent Multiplier: $8.38
  • Owner Pays: Gardener, Water, Gas, Electricity
  • Total Annual Expense: 65683
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1865
  • Lot Size Square Feet: 8121
  • Lot Size Dimensions: 69x85
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 10
  • Open Other Spaces Total: 10
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Tile Counters
  • Cooking Appliances: Free Standing Gas
  • Laundry: Room
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Entry Location: Living Room
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 01-03-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,526.00
  • Unit Actual Rent: $1,526.00
  • Unit Projected Rent: $1,526.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,043.00
  • Unit Actual Rent: $1,043.00
  • Unit Projected Rent: $1,043.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $973.00
  • Unit Actual Rent: $973.00
  • Unit Projected Rent: $973.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $729.00
  • Unit Actual Rent: $729.00
  • Unit Projected Rent: $729.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $748.00
  • Unit Actual Rent: $748.00
  • Unit Projected Rent: $748.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,140.00
  • Unit Actual Rent: $1,140.00
  • Unit Projected Rent: $1,140.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,059.00
  • Unit Actual Rent: $1,059.00
  • Unit Projected Rent: $1,059.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $729.00
  • Unit Actual Rent: $729.00
  • Unit Projected Rent: $729.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,013.00
  • Unit Actual Rent: $1,013.00
  • Unit Projected Rent: $1,013.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $729.00
  • Unit Actual Rent: $729.00
  • Unit Projected Rent: $729.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Number of Dishwasher: 2
  • Number of Electric Meters: 10
  • Number of Gas Meters: 10
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $728,996.00
  • Assessed Improvement Percent: 38.28
  • Assessed Land Value: $1,175,594.00
  • Assessed Land Percent: 61.72
  • Assessed Total Value: $1,904,590.00

Property History for 1225 North 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 1225 North Genesee Avenue

Taxable ValueLand$1,175,594Additions$728,996Total$1,904,590
Tax Record2023$2,835 ($236 / month)
Home Facts
Total Finished SqFt7,360 SqFtAbove Grade Finished SqFt7,360 SqFtLot Size8,121 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningWDR2*CountyLOS ANGELESAPN5530-003-030

Schools near 1225 North Genesee Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 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.

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Listing Courtesy of James F. Gilb, James Gilb, DRE #00998653

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board 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, Ojai Valley Board 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.