1724 Menlo Avenue, Los Angeles, CA 90006
- $2,900,000
- List Price
- $2,900,000
- Status
- ACTIVE
- MLS#
- BB26115819
- Year Built
- 2024
- Lot Size
- 6,122
- Acres
- 0.14
- Lot Location
- Landscaped
- Days on Market
- 62
- Property Type
- Multifamily
- Style
- Modern
- Property Sub Type
- Quadruplex
- Stories
- Three Or More Levels
Property Description
1726 Menlo Ave is a fully stabilized newly constructed 2024 five-unit multifamily community located in the heart of Pico-Union, just minutes from Downtown Los Angeles, Koreatown, and USC. This NON-RENT-CONTROLLED asset offers investors a rare opportunity to acquire a turn-key property with an attractive REAL 6.37% stabilized cap rate, low operating expenses, and an exceptional price point at under $400/SF — an increasingly rare value for new construction multifamily in central Los Angeles. The property features an ideal unit mix across two modern buildings, consisting of two 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one 1-bedroom/1-bathroom unit. Each residence includes private entrances, in-unit washers and dryers, separately metered gas, water, and electricity, and luxury finishes throughout, including modern kitchens, designer tile, high ceilings, and oversized windows. The property also offers eight dedicated parking spaces, enhancing long-term tenant appeal. With a Walk Score of 85 and close proximity to LA Live, Crypto.com Arena, the Arts District, and Koreatown’s dining and nightlife. 1726 Menlo Ave is well positioned to attract strong tenant demand from students, young professionals, and creatives alike. As new multifamily construction opportunities continue to tighten under SB-8 restrictions, this property presents an exceptional opportunity for investors seeking stable cash flow, minimal maintenance, and long-term appreciation potential.
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Additional Information
- Taxes
- $35,976
- Appliances
- Dishwasher, Electric Oven, Freezer, Gas Range, Microwave, Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights, Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Open Floorplan, Recessed Lighting
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $223,880
- Operating Expense
- 42054
Listing courtesy of Listing Agent: Cheyenne Womack (cheyenne@myunits.com) from Listing Office: Myunits.com Inc..
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