NOT LISTED FOR SALE

341 N Genesee Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,955,779

8 Beds

4 Baths

5,579 Sq Ft

$351/Sq Ft Est. Value

Date Sold: March 12, 2024

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

Est. 3% increase in value since last sale

Current estimated payment $12,758 / mo

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

Co-Listed By

Kendra Fuchs

Real Broker License #02005080

Last Buyer's Agent

Lance Levin

Lancelot Corporation License #01128388

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Property Details

Home Type

Multi-Family

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

Year Built

Built in 1927

Lot Details

6,377 Sq Ft Lot

Parking

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
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
Type Of Units: Residential

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Mar 2024 - Present 2 Years and 5 Months

Private Individual

Purchase Details

Listed on

Nov 29, 2023

Closed on

Mar 6, 2024

Sold by

Bought by

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

Current Estimated Value

$1,955,779

Estimated Appreciation

$54,529

Avg. Annual Appreciation

1.19%

Dec 2021 - Mar 2024 2 Years and 3 Months

Private Individual

Purchase Details

Closed on

Dec 1, 2021

Sold by

Bought by

Jun 2018 - Dec 2021 3 Years and 6 Months

Private Individual

Purchase Details

Closed on

Jun 25, 2018

Sold by

Bought by

Sep 2009 - Jun 2018 8 Years and 9 Months

Private Individual

Purchase Details

Closed on

Sep 17, 2009

Sold by

Bought by

Dec 1993 - Sep 2009 15 Years and 9 Months

Private Individual

Purchase Details

Closed on

Dec 29, 1993

Sold by

Bought by

Source: Public Records

Agents Specializing in Melrose, CA

Jonathan Kim

Equity Union

(323) 916-4083

22 Total Sales

1 in Melrose

$1,702,000 Price

Jonathan Kim
Jason Paukovits

Dream Realty & Investments Inc

(424) 277-2611

40 Total Sales

1 in Melrose

$3,760,000 Price

Jason Paukovits
Oscar Sanchez

Keller Williams Larchmont

(424) 287-1575

7 Total Sales

1 in Melrose

$2,200,000 Price

Oscar Sanchez
Melissa Barlow

Responds Quickly

Elite Representation Real Estate

(424) 704-9071

43 Total Sales

1 in Melrose

$2,700,000 Price

Melissa Barlow
Mulyani Ang

The One Luxury Properties

(626) 382-2840

32 Total Sales

1 in Melrose

$930,000 Price

Mulyani Ang
Jeeb O'Reilly

The Agency

(888) 568-5439

35 Total Sales

1 in Melrose

$2,054,000 Price

Jeeb O'Reilly

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date	Buyer	Sale Price	Title Company
		$1,901,500	Lawyers Title
		--	Accommodation
		--	None Available
		--	None Available
		--	--

Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date	Status	Borrower	Loan Amount
	Previous Owner		$515,000

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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	$23,839	$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

Seller's Agent in 2024

Archie Robb

Keller Williams Realty La Canada Flintridge

(213) 239-3392

2 in this area

42 Total Sales

Archie Robb
Seller Co-Listing Agent in 2024

Kendra Fuchs

Real Broker

(858) 792-3395

1 in this area

53 Total Sales

Kendra Fuchs
Buyer's Agent in 2024

Lance Levin

Lancelot Corporation

(310) 713-3337

2 in this area

3 Total Sales

Lance Levin

See All Agents

Map

Source: The MLS

MLS Number: 23-335617

APN: 5527-039-013

California Los Angeles County Los Angeles 90036 Melrose

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Nearby Homes

341 N Genesee Ave Los Angeles, CA 90036

Sale Details

About This Home

Property Details

Home Type

Year Built

Lot Details

Parking

Home Design

Interior Spaces

Bedrooms and Bathrooms

Utilities

Community Details

Listing and Financial Details

Property Details

Listing Details

Interior Features

Exterior Features

Garage/Parking

Utilities

Lot Info

Multi Family

Ownership History

Purchase Details

Home Financials for this Owner

Purchase Details

Purchase Details

Purchase Details

Purchase Details

Home Values in the Area

Average Home Value in this Area

Agents Specializing in Melrose, CA

Purchase History

Mortgage History

Property History

Tax History

Agents Affiliated with this Home

Map