We are pleased to present a rare offering of two contiguous vacant lots located at 947 Genesee Avenue and 944 Ogden Drive in the vibrant city of West Hollywood. Spanning a combined total of 13,000 square feet with WDR3C zoning, these properties present an opportunity for developers and investors to construct a premier residential project and will be delivered RTI for 10 luxury townhome style condominiums. The plans for this site include the construction of (5) 3Bd/3.5Ba and (5) 3Bd/2.5 Ba townhome style units with 13,215 square feet of rentable space, each designed with luxury and modern living in mind. Additionally, the development will feature subterranean parking, providing ample and secure vehicle storage for residents. The exact same development, consisting of a three-story building with 10 luxury townhomes, was successfully completed on the two lots directly to the north, showcasing the proven appeal and success of such a project in this location. Current ownership is committed to facilitating a smooth development process and is offering favorable financing options. Terms will vary based on the buyer's experience, providing flexibility to seasoned developers and emerging investors alike. This prime location in West Hollywood not only offers a robust demand for high-end residential units but also provides residents with unmatched convenience. Nestled among eclectic shops, top-tier dining options, and vibrant entertainment venues, this site ensures a lifestyle filled with luxury and convenience. Proximity to iconic West Hollywood landmarks and the dynamic nightlife scene further enhances the appeal of this exceptional development opportunity.
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Other
Directions Information:
Directions: Head north on North Fairfax Avenue and turn right onto Romaine Street, then turn right onto North Genesee Avenue. The subject property is located in-between Romain Street and Willoughby Avenue.
Price Information
Listing Price Info
Price Summary:
List Price: $3,035,000
Tax Information:
Annual Amount: $14,639
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in West Hollywood, CA.
This property is $1.9M more than the Median Sold Price in West Hollywood, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24394239
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/23/2024, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 02, 2015
Feb 02, 2015Home Sold
$1,375,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$14,639
$1,221,354
2020
$17,862
$1,511,036
2019
$17,697
$1,481,409
2018
$17,337
$1,452,363
2017
$17,337
$1,423,886
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15.2K
Per Month
Principal & Interest
$15.1K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,166
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school0.82 miles
Public District Grades KG-5
4
/10
Gardner Street Elementary
7450 Hawthorn Ave
Distance between this listing and this school0.86 miles
Public District Grades PK-5
5
/10
Rosewood Avenue Elementary
503 N Croft Ave
Distance between this listing and this school1.05 miles
Public District Grades KG-5
Nearby Schools
6
/10
Laurel School
925 N Hayworth Ave
Distance between this listing and this school0.26 miles
Public District Grades KG-8
4
/10
Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school1.27 miles
Public District Grades 6-8
8
/10
Horace Mann School
8701 Charleville Blvd
Distance between this listing and this school2.08 miles
Public District Grades KG-8
Nearby Schools
8
/10
Larchmont Charter
1265 N Fairfax Ave
Distance between this listing and this school0.39 miles
Public Charter Grades KG-12
6
/10
Fairfax High School
7850 Melrose Ave
Distance between this listing and this school0.40 miles
Public District Grades 9-12
3
/10
Whitman Continuation
7795 Rosewood Ave
Distance between this listing and this school0.56 miles
The neighbors living near this home have an average income of $27,432. Residents of West Hollywood, CA typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 947 N Genesee Ave
What is the listing price of this property?
The listing price of 947 N Genesee Ave property is $3,035,000.
What type of property is this?
The property 947 N Genesee Ave is land located in West Hollywood, California, 90046.
Is this property for sale now?
Active Listing: 947 N Genesee Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $14,639 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 2, 2015 for $1,375,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 947 N Genesee Ave in West Hollywood, CA and zip code 90046 in the Central LA neighborhood. This home sits on a 0.15 acre lot. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $3,035,000.
In October 2024 more than 2 listings in West Hollywood, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 21 were sold below. Between September 2024 and October 2024, West Hollywood, CA real estate market has seen increase in the number of listings by 21.4%. While the average time on the market in October 2024 was 63 days, the median list price was $1,110,555.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Music Concerts
Music Concerts
Major League Soccer (MLS)
Art Museums
H&M
Banana Republic
Bloomingdales
Chipotle
Jack In The Box
Starbucks
Volkswagen
Toyota
Audi
Rhythmic Contemporary Hits
Jazz
News