24
See all 24 photos
$3,095,000
Est. payment /mo
3 BD
2 BA
7,700 SqFt
Active
1724 Menlo AVE Los Angeles, CA 90006
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UPDATED:
02/18/2025 01:32 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,700 sqft
Price per Sqft $401
MLS Listing ID 25496647
Bedrooms 3
HOA Y/N No
Year Built 1908
Lot Size 6,120 Sqft
Property Description
Built-in 2023, these five units are now available for purchase from the developer. This property is strategically located to ensure a steady income stream, currently achieving an attractive 6% cap rate and offering the potential for additional ADU (Accessory Dwelling Unit) conversions. Each unit features modern and stylish finishes, delivering a luxurious living experience. Furthermore, all units are separately metered for gas, water, and electricity, promoting a low-maintenance and efficient setting. This exceptional offering encompasses a well-planned 7,700 square feet, situated in the vibrant heart of Los Angeles, comprising (2) four-bedroom units, (2) three-bedroom units, and a one-bedroom ADU. The well-designed floor plans include ensuite bathrooms in all bedrooms and ample parking for tenants. Ideally located just east of Vermont and north of Washington Boulevard, it lies conveniently north of the esteemed USC campus andslightly west of downtown Los Angeles. This opportunity isideal for a 1031 exchange buyer or any investor seekingconsistent and passive cash flow in a thriving market.
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.