1074 S Genesee Ave
LOS ANGELES, CA 90019

Property

Ownership: For Sale
Bedrooms: 5 BR
Bathrooms: 8
Area: 7269 sq ft
Lot Size: 0.17 Acres

Financials

Price:$2,225,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc.

1074 S Genesee Ave 5BR La

Description

1074 S Genesee Avenue, also known as the Charlotte Chase Apartments, is an architecturally significant Spanish Colonial Revival 4-plex located in the highly desirable Carthay Square / Wilshire Vista neighborhood of Los Angeles. Originally constructed in 1933 for Charlotte Chase herself, the property stands as an exceptional example of well-preserved period architecture and craftsmanship. The building has been carefully maintained and thoughtfully upgraded, featuring in-unit washer/dryers, extensively renovated kitchens and bathrooms, and central HVAC systems on both levels. Additional features include original wainscoting, hardwood floors, decorative ceiling beams, crown molding, and vintage bathroom tile work that highlight the property's historic character. The property is currently receiving extensive cosmetic repairs to the exterior stucco and will be repainted shortly, photos are circa 2020. The 5,054 square foot building sits on a 7,267 square foot LAR3 lot and features a unique unit mix consisting of a massive 2,158 SF 3-bedroom, 3.5-bath owner's unit occupying the entire ground floor, along with a 1-bedroom + 1.5-bath, a 1-bedroom + 1-bath, and a studio on the upper level. The property also includes two detached two-car garages plus three uncovered spaces, providing a total of seven parking spaces. With strong in-place income of just under $13,500 per month, this offering is priced at $2,225,000, equating to $556,250 per unit, $440.25 per square foot, and a 13.74 GRM. Under Senate Bill 1211, an investor may build up to four ADUs and modify or retain some of the seven parking spaces (Buyer to Verify).

Amenities

  • Balcony
  • Historical

CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.