Rare and historic TIC homes in this beautiful 1928 Spanish fourplex.
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Spanish Stunner in the Fairfax – this gorgeous 1928 building retains its original style and character while being updated and renovated inside. New plumbing, upgraded electric, designer landscaping and a stellar location make these homes a solid investment. Recently converted to for-sale units, this is the first sale of these beautiful TIC homes.
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FEATURES
Rarely available Spanish Colonial Flat
Huge living areas
High-end finishes
Marble Bathrooms
Hardwood Floors
High ceilings
"Cabana" backyard with BBQ
Private garages
HOA $300/unit
Huge living areas
High-end finishes
Marble Bathrooms
Hardwood Floors
High ceilings
"Cabana" backyard with BBQ
Private garages
HOA $300/unit
500 N. GENESEE AVENUE
Offered for $799,000
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Newly renovated rare and historic TIC home in this beautiful 1928 Spanish fourplex. Two bedrooms, two bathrooms with a home office nook. Huge 1920's open plan layout with a gorgeous modern kitchen, over-sized living and dining rooms, master bedroom walk-in closet, central A/C and high ceilings. Designer finishes include European-style cabinetry, quartz counter tops, stainless steel appliances, custom tiled bathrooms, rain shower, wide-plank hardwood floors. Super-private community garden with BBQ. Single car garage plus driveway parking. Located in the hip and fashionable Fairfax District. Walk to shops, restaurants, cafes and comedy clubs on Melrose, Beverly or Fairfax.
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500 1/2 N. GENESEE AVENUE
SOLD for $842,000
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Rare and historic TIC home in this beautiful 1928 Spanish fourplex. Two bedrooms, two bathrooms with a home office nook. Huge 1920's open plan layout with over-sized living and dining rooms, a gorgeous modern kitchen, high-end stainless steel appliances, marble counter tops, custom cabinetry, master bedroom walk-in closet, hardwood flooring, and high ceilings. This glorious upper flat has amazing light, Hollywood Hills and treetop views and 2 large balconies. Super-private community garden with BBQ. Single car garage plus driveway space.
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502 N. GENESEE AVENUE, Unit 502
Offered for $699,000 (In escrow)
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Rare and historic TIC home in this beautiful 1928 Spanish fourplex. Two bedrooms, 1 1/2 bathrooms with home office nook. Huge 1920's layout with a gorgeous renovated modern kitchen, high-end stainless steel appliances, over-sized living and dining rooms, master bedroom with walk-in closet, dark wood flooring, and high ceilings. Super-private furnished community garden with BBQ. Single car garage plus driveway space.
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502 1/2 N. GENESEE AVENUE
SOLD
SITE PLAN
PRESS
Here’s a two-bedroom in a charming Spanish Colonial-style fourplex next to Fairfax High School, a prime location for getting the first pick at the Melrose flea market every Sunday. Constructed in 1928, the building is peppered with period flourishes, including tile, wrought-iron railings, and stately wood doors.The unit that’s on the market measures 1,347 square feet and holds two bathrooms, plus a “home office nook,” dining room, and in-unit washer and dryer.
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A ‘great alternative’ Tenants-in-common properties aren’t only appealing to buyers. They’re also attractive to real estate investors for a very particular reason: “It’s a really great alternative when you can’t do a condo conversion,” said real estate broker and TIC investor consultant Christopher Stanley. He runs the L.A. office of the San Francisco-based company Tenants-in-Common Development.
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NEIGHBORHOOD - Fairfax District.
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Located in the hip and fashionable Fairfax District. Walk to shops, restaurants, cafes and comedy clubs on Melrose, Beverly or Fairfax. This neighborhood recently received the National Historic Register designation.
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