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$2,995,000

Est. payment - /mo

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15 Beds

15 Baths

7,700 SqFt

New

1724 Menlo AVE Los Angeles, CA 90006

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,700 sqft

Price per Sqft $388

MLS Listing ID 25529927

Bedrooms 15

HOA Y/N No

Year Built 2023

Lot Size 6,120 Sqft

Property Description

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.

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.

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