NOT LISTED FOR SALE

341 N Genesee Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,863,468 - $2,102,000

8 Beds
4 Baths
5,579 Sq Ft
$357/Sq Ft Est. Value

Last Sold March 12, 2024

Last sale price $1,901,250 $341 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $12,368/month

77 Days on Market

About This Home

As of March 2024

Offered for sale for the first time in over 50 years, 341 N Genesee Avenue is a four-unit investment property located in the Fairfax District/Beverly Grove neighborhood, a densely populated rental submarket known for excellent rental growth and low vacancy rates. Two units will be delivered vacant at the close of escrow providing a great opportunity for an owner-user or investor. 341 N Genesee Avenue consists of Four (4) large 2 bedroom/1 bath units. Each unit is separately metered for gas and electricity. There are five 1-car garages and the garages are vacant making them perfect for an ADU (buyer to verify). The property has a WALKSCORE OF 91 and is within proximity to The Grove and Farmer's Market, La Brea Avenue and Melrose Avenue, all considered some LA's most popular destinations for numerous retail and restaurant venues.

Last Agent to Sell the Property

Archie Robb

Keller Williams Realty La Canada Flintridge License #02002291 Listed on: 11/29/2023

Keller Williams Realty La Canada Flintridge

Co-Listed By

kendra fuchs

Real Broker License #02005080

Last Buyer's Agent

Lance Levin

Lancelot Corporation License #01128388

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,098

Year Built

  • Built in 1927

Lot Details

  • 6,377 Sq Ft Lot

Parking

  • 3 Open Parking Spaces
  • 5 Car Garage
  • Driveway

Home Design

  • Spanish Architecture
  • Entry on the 1st floor

Interior Spaces

  • 5,579 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5527-039-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,098

Year Built

Built in 1927

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 5579
  • Lot Acreage: 0.1464
  • Stories: 2
  • Year Built: 1927
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 385.37

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 5
  • Other Spaces: 3
  • Parking Garage: Garage - 1 Car, Driveway
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 24.67
  • Assessed Improvement Value: 258461
  • Assessed Land Percent: 75.33
  • Assessed Land Value: 789144
  • Total Assessed Value: 1047605
  • Assessor Parcel Number: 5527-039-013
  • Lot Size Area: 6377

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.80
  • Number Of Units: 4
  • Total Annual Expense: 51820
  • Type Of Units: Residential
  • Vacancy Rate: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Mar 6, 2024
Sold by
Fuchs Family Trust
Bought by
Lancelot Solo 401K Trust and Levin Lance P
Seller's Agent
Archie Robb
Keller Williams Realty La Canada Flintridge
Buyer's Agent
Lance Levin
Lancelot Corporation
List Price
$2,350,000
Sold Price
$1,901,250
Premium/Discount to List
-$448,750
-19.1%
Views
84
Current Estimated Value
$1,993,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,117
Avg. Annual Appreciation
3.06%

Purchase Details

Closed on
Dec 1, 2021
Sold by
Fuchs Isaac Dave
Bought by
Fuchs Solomon and The Fuchs Family Trust

Purchase Details

Closed on
Jun 25, 2018
Sold by
Taller Yechiel Tzvi
Bought by
Taller Yechiel Tzvi and Taller Faye D

Purchase Details

Closed on
Sep 17, 2009
Sold by
Fuchs Isaac
Bought by
Fuchs Isaac Dave and Fuchs Family Trust

Purchase Details

Closed on
Dec 29, 1993
Sold by
Fuchs Mania
Bought by
Fuchs Isaac
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lancelot Solo 401K Trust $1,901,500 Lawyers Title
Fuchs Solomon -- Accommodation
Taller Yechiel Tzvi -- None Available
Fuchs Isaac Dave -- None Available
Fuchs Isaac -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2024 03/12/24 Sold $1,901,250 -11.6% $341 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
01/29/2024 01/29/24 Price Changed $2,150,000 -8.5% $385 / Sq Ft
11/29/2023 11/29/23 For Sale $2,350,000 -- $421 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,098 $1,939,275 $1,356,600 $582,675
2024 $21,098 $1,697,931 $1,188,552 $509,379
2023 $13,297 $1,047,605 $789,144 $258,461
2022 $12,697 $1,027,065 $773,671 $253,394
2021 $12,515 $1,006,927 $758,501 $248,426
2020 $12,636 $996,603 $750,724 $245,879
2019 $12,149 $977,062 $736,004 $241,058
2018 $12,001 $957,905 $721,573 $236,332
2016 $11,434 $920,710 $693,554 $227,156
2015 $11,270 $906,881 $683,137 $223,744
2014 $11,328 $889,118 $669,756 $219,362
Source: Public Records

Agents Affiliated with this Home

  • Archie Robb

    Seller's Agent in 2024

    Archie Robb

    Keller Williams Realty La Canada Flintridge

    (213) 239-3392

    2 in this area

    36 Total Sales

    Archie Robb
    Section Image
  • kendra fuchs

    Seller Co-Listing Agent in 2024

    kendra fuchs

    Real Broker

    (858) 792-3395

    1 in this area

    47 Total Sales

    kendra fuchs
    Section Image

  • L

    Buyer's Agent in 2024

    Lance Levin

    Lancelot Corporation

See All Agents

Map

Source: The MLS

MLS Number: 23-335617

The MLS

APN: 5527-039-013

California Los Angeles County Los Angeles 90036 Melrose

341 N Genesee Ave, Los Angeles, CA

This home is located at 341 N Genesee Ave, Los Angeles, CA 90036 since 29 November 2023 and is currently estimated at $1,993,367, approximately $357 per square foot. This property was built in 1927. 341 N Genesee Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Cheder Of Los Angeles.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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