1724 Menlo Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90006
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,700 sqft
Price per Sqft $388
MLS Listing ID 25529927
Bedrooms 15
Year Built 2023
Lot Size 6,122 Sqft
Property Sub-Type Multi-Family
Property Description
Presenting a prime investment opportunity in Los Angeles: five newly constructed units, completed in 2023, are available directly from the developer. This strategically located property offers a strong income stream with a 6.24% cap rate and potential for additional ADU conversions. Each unit showcases modern finishes for a luxurious living experience, featuring independent metering for gas, water, and electricity to ensure low-maintenance efficiency. Covering 7,700 square feet, the property includes two four-bedroom units, two three-bedroom units, and one-bedroom ADU, all in the dynamic Pico-Union area. Thoughtfully designed with en-suite bathrooms in every bedroom and ample parking for tenants, this offering is ideal for 1031 exchange buyers and investors seeking steady cash flow in a vibrant market. Conveniently situated just west of Downtown Los Angeles, north of USC Village, and east of Koreatown, this property is a standout investment choice.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment Dishwasher, Dryer, Hood Fan, Refrigerator, Range/Oven, Washer
Exterior
Parking Features Tandem
Garage Spaces 2.0
Building
Story 1
Sewer In Connected and Paid
Water Public
Others
Special Listing Condition Standard