6612 Menlo Ave Los Angeles, CA 90044
10-unit multifamily property with significant upside potential in Los Angeles.
Lot size:
0.20 AcresProperty Features for 6612 Menlo Ave
General Information
- Lot size
- 0.20 Acres
Building Details
- Year built
- 1925
Source:
Elliman
Listing Agency: Kidder Mathews of California, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Menlo Avenue Multifamily Investment Opportunity
This offering presents a 10-unit multifamily community located at 6612 Menlo Ave in Los Angeles. The property, built in 1925, consists of five separate duplexes totaling 4,620 rentable square feet. Situated on an 8,593 square foot corner lot zoned LARD2, the unit mix includes two studios and eight one-bedroom, one-bathroom units. Two units will be delivered vacant. The property is located on the corner of S Menlo Ave and W 68th St, near Mount Caramel Recreation Center and six blocks west of the 110 Freeway, with several bus stops nearby. Nearby community establishments include Dragon Loco Chinese Food, Tom's Jr Express, A Taste of Toya, Tacos El Pajaro, LA Pulperia Catracha #3, and Tacos El Vecino.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.28911
- Latitude
- 33.97863
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FAQs
What type of property is this?
Apartment building - 10-unit multifamily property with significant upside potential in Los Angeles.
Where is this apartment building located?
The property is located at 6612 Menlo Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: - High CAP Rate: Current 8.92% CAP rate provides strong immediate return on investment.; - Value-Add Potential: Opportunity to increase CAP rate to 10.35% by achieving market rents.; - Two vacant units allow for immediate rental income increase or renovation.