French Normandy
331 N Genesee Ave, Los Angeles, CA 90036
For Sale
New
$1,795,000
All four residences have in-unit laundry, hardwood flooring, and separate dining rooms.
Property Size4,886 SF
Price / SF$367.38
Days on Market7
Property Features for 331 N Genesee Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
in-unit laundry
hardwood floors
separate dining rooms
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Miller & Desatnik Realty Co.
Listed By:
Carolyn Schneider · License #00881530
Source:
Benbelack
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 11:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller & Desatnik Realty Co.
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Investment Insights
Based on property information with market context.
Built in 1938, this four-unit multifamily property features French Normandy styling. Each residence has in-unit laundry, hardwood floors, and a separate dining room; the units are described as spacious.
The building is in Los Angeles’ Fairfax District, with walkable access to local restaurants and shopping at The Grove and the Farmers Market.
The building is in Los Angeles’ Fairfax District, with walkable access to local restaurants and shopping at The Grove and the Farmers Market.
Key Highlights
- Four‑unit multifamily building constructed in 1938
- French Normandy architectural styling
- In‑unit laundry in all four residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,327
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,540
$1.7M
Cap Rate 7%
$1,218,957
$1.2M
Cap Rate 9%
$948,078
$948.1K
Market Conditions
NOI Build-Up for 4,886 SF
Gross rent
$131.9K $27.00/SF
− Vacancy
−$10.0K −$2.05/SF
EGI
$121.9K $24.95/SF
− OpEx
−$36.6K −$7.48/SF
NOI
$85.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,540
Cap Rate 7%
$1,218,957
Cap Rate 9%
$948,078
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,327 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$1.12M
$982.8K – $1.31M
NOI $78,620 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,798 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,177
Businesses Nearby
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Business Placement
Demographics for 90036, CA
39,549
Population
21,890
Households
1.8
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
15,820
Density / Sq Mi
$102,877
Median Household Income
$66,385
Median Earnings
$2,730
Median Rent
$1,958,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences have in-unit laundry, hardwood flooring, and separate dining rooms.
Where is this quadplex located?
The property is located at 331 N Genesee Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Four‑unit multifamily building constructed in 1938; French Normandy architectural styling; In‑unit laundry in all four residences
