1724 Menlo AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90006
Key Details
Property 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 6,120 Sqft
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 C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Garage,Tandem
Community Features Gated
Building
Story 1
Sewer Sewer Tap Paid
New Construction Yes
Others
Special Listing Condition Standard