Introducing an exceptional investment opportunity in the heart of Los Angeles: five brand-new units, constructed in 2023, are now available for purchase directly from the developer. This strategically positioned property offers a reliable income stream, boasting an impressive 6.24% cap rate with the potential for additional ADU (Accessory Dwelling Unit) conversions. Each unit features modern, stylish finishes that ensure a luxurious living experience. All units are individually metered for gas, water, and electricity, providing a low-maintenance and efficient environment.Covering a thoughtfully designed 7,700 square feet, this remarkable offering includes two four-bedroom units, two three-bedroom units, and one-bedroom ADU, all nestled in the vibrant Pico-Union area. The floor plans are meticulously crafted, with en-suite bathrooms in every bedroom and ample parking for renters. This is an excellent opportunity for 1031 exchange buyers or any investor seeking steady and passive cash flow in a thriving market.Conveniently located just west of Downtown Los Angeles, north of USC Village, and east of Koreatown, this property places you right in the city’s vibrant core, making it an ideal investment choice.
Property Details
Price:
$2,995,000
MLS #:
25529927
Status:
Active
Baths:
0
Address:
1724 Menlo Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Apr 24, 2025
State:
CA
ZIP:
90006
Lot Size:
6,122 sqft / 0.14 acres (approx)
Year Built:
2023
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
Central Air
Heating
Central
Exterior
Parking Features
Tandem Garage
Parking Spots
2.00
Security Features
Gated Community
Sewer
Sewer Paid
Stories Total
1
Financial
Map
Community
- Address1724 Menlo Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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1724 Menlo Avenue
Los Angeles, CA
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