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.
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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