1724 Menlo Avenue

Los Angeles, CA 90006

  • 15 Bed(s)
  • 0 Bath(s)
  • 7,700 Sqft
  • 6122
    Sqft(Lot)
$2,995,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49503194

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Property Details

  • Bedroom Information

    • Total Bedrooms : 15

    Bathroom Information

    • Total Baths: 15
    • Full Baths: 0
    • Half Baths: 0

    Water/Sewer

    • Sewer : Sewer Tap Paid

    Interior Features

    • Property Appliances: Dishwasher,Refrigerator,Dryer,Washer

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 2023
    • Building Area Total: 7,700

    Security Features

    • Gated Community

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1405
    • Lot Size Dimensions: 50x120
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6122

  • Listing Price Information

    • Original List Price: 2,995,000
    • Listing Contract Date: 2025-04-24

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5056021016

  • Garage and Parking

    • Garage Description: Garage,Tandem

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C16 - Mid Los Angeles
    • Postal Code Plus 4: 4614
    • Directions: Located North of Washington Blvd. and South of Pico Blvd., one block East of Vermont.
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C16 - Mid Los Angeles

    Building and Construction

    • Property Age: 2
    • Year Built Source: Owner
    • Total Square Feet Living: 7700
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 04/27/2025 @ 18:57

  • MLS: 25529927
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 15 bedrooms which is for sale, it has 7,700 sqft, 6,122 sized lot, and 0 parking. are nearby neighborhoods.