728 S. Genesee Ave presents a rare 5-unit value-add offering in the heart of Miracle Mile (90036). This is the first time on the building has been on the market in over 49 years. The property features an excellent unit mix of (2) one-bedroom and (3) two-bedroom residences with spacious layouts averaging ~1,169 SF each, including formal dining rooms and in-unit washers/dryers, with select units offering private balcony space. Recent and durable fundamentals include copper plumbing throughout, separately metered gas and electric, and individual water heaters, plus five private garage parking spaces. With approximately 20% rental upside and three units delivered vacant at close of escrow, the asset offers immediate repositioning potential on a 6,484 SF LAR3-zoned lot, just minutes from LACMA, the La Brea Tar Pits, The Grove, and Larchmont Village.
