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$1,950,000

Est. payment - /mo

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11 Beds

6 Baths

4,800 SqFt

New

1040 N Genesee AVE West Hollywood, CA 90046

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Frank Sottile

sottilerealestate@gmail.com +1(760) 952-0019

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $406

MLS Listing ID 26643131

Bedrooms 11

HOA Y/N No

Year Built 1955

Lot Size 6,581 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Detached Carport

Total Parking Spaces 6

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5530015012

Special Listing Condition Standard

Listed by Saadia 'Sam' Liberow Marcus & Millichap

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

10

West Hollywood Elementary

Public | KG - 5
10

Wonderland Avenue School

Public | KG - 5
10

Valley View Elementary

Public | KG - 5
9

Beverly Vista School

Public | KG - 8
9

Canfield Avenue Elementary School

Public | KG - 5
9

Horace Mann School

Public | KG - 8
9

Citizens of the World Charter

Public | KG - 8
8

Hancock Park Elementary

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
8

3rd Street Elementary School

Public | KG - 5
8

Larchmont Charter

Public | KG - 12
8

Queen Anne Place Elementary School

Public | KG - 5
7

Gardner Street Elementary

Public | PK - 5
7

Cheremoya Avenue School

Public | PK - 6
7

Hollywood Primary Center

Public | KG - 3
6

Wilshire Park Elementary

Public | KG - 5
6

Van Ness Avenue Elementary

Public | KG - 5
5

Rosewood Avenue Elementary

Public | KG - 5
5

Laurel School

Public | KG - 8
5

Wilton Place Elementary

Public | KG - 5

Middle Schools 14

6

John Burroughs Middle School

Public | 6 - 8
5

Pico Pico Middle School

Public | 6 - 8
4

Magnolia Science Academy 5

Public | 6 - 12
4

Bancroft Middle School

Public | 6 - 8
4

Joseph Le Conte Middle School

Public | 6 - 8
1

Apex Academy

Public | 7 - 12
0

Yeshivat Ohr Chanoch

Private | 8 - 12
0

Star Preparatory Academy

Private | 6 - 12
0

Pacific Hills School

Private | 6 - 12
0

West Hollywood Opportunity

Public | 7 - 12
0

Aviva High School

Private | 7 - 12
0

The Episcopal School of los Angeles

Private | 6 - 9
0

Marlborough School

Private | 7 - 12
0

Richard A. Alonzo Community Day

Public | 7 - 12

High Schools 18

7

Fairfax High School

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

STEM Academy of Hollywood

Public | 9 - 12
5

Hollywood High School

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
1

Helen Bernstein High School

Public | 9 - 12
0

Yula Boys High School

Private | 9 - 12
0

Yula Girls High School

Private | 9 - 12
0

Mesivta Birkas Yitzchok

Private | 9 - 12
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Harkham-Gaon Acadamy

Private | 9 - 12
0

Whitman Continuation

Public | 9 - 12
0

Shaarei Torah California Rabbinical College

Private | 9 - 12
0

Bais Yaakov School for Girls

Private | 9 - 12
0

Yeshiva Gedolah of los Angeles

Private | 9 - 12
0

Yeshiva Ohr Elchonon Chabad - West Coast

Private | 9 - 12
0

Bnos Devorah High School

Private | 9 - 11

School and business data provided by Attom Data.

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Frank Sottile

Broker Associate | License ID: 00900300

+1(760) 952-0019

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1040 N Genesee AVE West Hollywood, CA 90046

Frank Sottile

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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1040 N Genesee AVE