CA > Los Angeles
Los Angeles, CA 90006,1724 Menlo AVE
Los Angeles, CA 90006,1724 Menlo AVE
Los Angeles, CA 90006,1724 Menlo AVE
Los Angeles, CA 90006,1724 Menlo AVE
Los Angeles, CA 90006,1724 Menlo AVE
Los Angeles, CA 90006,1724 Menlo AVE
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Thomas Ryan

Thomas Ryan

+1(909) 334-2049
$ 2,995,000
Est. payment | /mo

15 Beds

15 Baths

7,700 SqFt

Save
$ 2,995,000
Est. payment | /mo
Save

15 Beds

15 Baths

7,700 SqFt

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

HOA Y/N No

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

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Exterior

Parking Features Garage, Tandem

Community Features Gated

Total Parking Spaces 2

Building

Story 1

Entry Level Three Or More

Sewer Sewer Tap Paid

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 5056021016

Security Features Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Armin Soleimani • Global Platinum Properties, Inc.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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1724 Menlo AVE