1724 Menlo Avenue
Los Angeles, CA 90006
Active for $3,095,000
Beds: 3 Baths: 2 Structure Size: 7,700 sqft Lot Size: 6,122 sqft
| MLS | 25496647 |
| Year Built | 1908 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $3,095,000 |
| Structure Size | 7,700 sqft |
| Lot Size | 6,122 sqft |
| Beds | 3 |
| Baths | 2 |
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.
Listing information courtesy of: Armin Soleimani, Global Platinum Properties, Inc. 310-666-2246. *Based on information from the Association of REALTORS/Multiple Listing as of 02/13/2025 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.
Location
Contact a Local Realtor®
Lori Dekermenjian
REALTOR®
Direct: 818.585.3208
Email: Email Me
DRE: 02012463
DRE #01873088
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