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$ 2,225,000
Est. payment /mo
New
1074 S Genesee AVE Los Angeles, CA 90019
5 Beds
8 Baths
5,054 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,054 sqft
Price per Sqft $440
MLS Listing ID 25605223
Bedrooms 5
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1933
Lot Size 7,270 Sqft
Property 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).
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Garage, Uncovered
Pool None
Total Parking Spaces 7
Private Pool No
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5086026004
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc.
