1724 Menlo Avenue, Los Angeles, CA 90006
-
Listed Price :
$3,095,000
-
Beds :
3
-
Baths :
2
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Property Size :
7,700 sqft
-
Year Built :
1908
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.
Interior Features
| Bedroom Information |
| Bedrooms |
3 |
| Bathroom Information |
| Bathrooms |
2 |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
1724 Menlo Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90006 |
| County |
Los Angeles |
| Listing Agent |
Armin Soleimani DRE #01846872 |
| Co-Listing Agent |
Julio Ruiz DRE #01911261 |
| Courtesy Of |
Global Platinum Properties, Inc. |
| List Price |
$3,095,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
7,700 |
| Lot Size |
6,122 |
| Year Built |
1908 |
Listing information courtesy of: Armin Soleimani, Julio Ruiz, Global Platinum Properties, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 11th, 2025 at 12:35 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
