1724 Menlo Avenue
Los Angeles, CA, 90006
$3,095,000
Beds
0 Baths
SqFt
0.14 Acres
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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.

Property Details

Price:
$3,095,000
MLS #:
25496647
Status:
Active
Baths:
0
Address:
1724 Menlo Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Feb 10, 2025
State:
CA
ZIP:
90006
Lot Size:
6,122 sqft / 0.14 acres (approx)
Year Built:
1908
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1724 Menlo Avenue
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