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$ 2,995,000
Est. payment /mo
Active
1724 Menlo AVE Los Angeles, CA 90006
15 Beds
15 Baths
7,700 SqFt
UPDATED:
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
Listed by Armin Soleimani • Global Platinum Properties, Inc.