Genesee Apartments is a classic mid-century

eleven unit apartment building located in West

Hollywood, California.

The property is located on the west side of

Genesee Avenue, just south of Santa Monica

Blvd. Highlights of this culturally rich

neighborhood include the western stretch of

Melrose Avenue between Doheny Drive and La

Brea Avenue, known for its trendy clothing

boutiques, interior design shops, restaurants and

antique shops. The neighborhood also includes

the Pacific Design Center at Melrose and

Robertson Blvd.

The property, with easy access to public transportation, is convenient to the communities of Beverly Hills, Hollywood and the Sunset Strip.

The improvements consist of an 11 unit apartment building on a 6,499 sq. ft. lot. The total square footage of the building is 9,232. The amenities consist of a garage (13 spaces), on-site laundry facilities, well-maintained and individually metered units, and solar panels which significantly reduce electrical costs.

The property offers a favorable unit mix of seven one bedroom-one bath units and four two bedroom-two bath units. The units are subject to the City of West Hollywood Rent Stabilization

Ordinance. This is a security building with secured parking and secured entrance to the units.

GRM: 12.6

Cap Rate: 5.0%