This rare 6-unit multifamily offering presents a compelling, bite-sized entry point into one of Southern California's most desirable rental markets. Ideal for both first-time and seasoned investors, the property features a stabilized income stream with approximately 27% upside potential, offering a strong foundation for long-term wealth creation and portfolio diversification. The building has undergone a substantial exterior facelift, enhancing curb appeal and reinforcing its positioning as a well-maintained asset. Select interior renovations further elevate the property, with two upgraded units featuring modern finishes such as stainless-steel appliances, updated flooring, and in-unit laundry. Additionally, portions of the HVAC, plumbing, and electrical systems have been improved, helping to mitigate near-term capital expenditures and support efficient operations.Located on a quiet residential street yet minutes from major employment hubs, dining, entertainment, and transit options, the property benefits from West Hollywood's exceptional market fundamentals. With over 80% of households renting well above regional averages tenant demand remains deep and resilient, driven by lifestyle appeal, limited inventory, and strong pricing power per square mile. The asset offers tenant-friendly amenities including assigned and covered parking, separately metered utilities, spacious floor plans, and modern features that promote higher occupancy and reduced turnover. Investors will enjoy a strong in-place cap rate with clear upside through continued rental growth, operational optimization, and light repositioning making this an attractive, high-quality investment in an A-tier submarket.
1040 Genesee is a Residential Income property located in West Hollywood, California, featuring a 0.151 acre lot, 4,800 sqft, 11 bedrooms, MLS #26643131.
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Data last modified: 2026-02-03 08:20:23