Stabilized Five-Unit Multifamily
For Sale
$2,900,000
1724 Menlo Ave, Los Angeles, CA 90006
2024 five-unit, non-rent-controlled building with private entrances, in-unit laundry, and dedicated parking.
Property SizeContact for details
Days on Market64
Property Features for 1724 Menlo Ave
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
Investment
Occupancy
100%
Financials
Cap Rate
6.37%
Business Included
Yes
Additional Details
Multifamily Units
5
Building Details
Year Built
2024
Listing Agency:
Myunits.com
(805) 973-7470
Listed By:
Cheyenne Womack · License #02064825
(805) 973-7470
Source:
Elliman
Added: Jun 4
Changed: Jul 10
Last Checked: Aug 5 at 10:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myunits.com
Investment Insights
Based on property information with market context.
1724/1726 Menlo Ave presents a fully stabilized, newly constructed 2024 five-unit multifamily community across two modern buildings. The unit mix includes two 4-bedroom/4-bathroom residences, two 3-bedroom/3.5-bathroom residences, and one 1-bedroom/1-bathroom unit. Each home features a private entrance, in-unit washers and dryers, and modern interior finishes. Utilities are separately metered for gas, water, and electricity, which supports individual tenant responsibility. The property also includes eight dedicated parking spaces.
Located in the heart of Pico-Union, the community is positioned just minutes from Downtown Los Angeles, Koreatown, and USC. Walk Score and transit connectivity are supported by the provided Walk Score of 88 (very walkable), Walk Score of 85 (provided), and a Transit Score of 68 (good transit), along with a Bike Score of 78 (very bikeable). The surrounding area is described as close to destinations including LA Live, Crypto.com Arena, and the Arts District, as well as Koreatown dining and nightlife.
As a non-rent-controlled, turn-key acquisition, this stabilized property is built to attract renters who value in-home laundry, private entry, and off-street parking. The offering highlights an attractive 6.37% stabilized cap rate and low operating expenses, supported by the nature of the newer construction and separately metered utilities.
Located in the heart of Pico-Union, the community is positioned just minutes from Downtown Los Angeles, Koreatown, and USC. Walk Score and transit connectivity are supported by the provided Walk Score of 88 (very walkable), Walk Score of 85 (provided), and a Transit Score of 68 (good transit), along with a Bike Score of 78 (very bikeable). The surrounding area is described as close to destinations including LA Live, Crypto.com Arena, and the Arts District, as well as Koreatown dining and nightlife.
As a non-rent-controlled, turn-key acquisition, this stabilized property is built to attract renters who value in-home laundry, private entry, and off-street parking. The offering highlights an attractive 6.37% stabilized cap rate and low operating expenses, supported by the nature of the newer construction and separately metered utilities.
Key Highlights
- New 2024 five‑unit multifamily community, non‑rent‑controlled.
- Unit mix: two 4BD/4BA, two 3BD/3.5BA, and one 1BD/1BA across two modern buildings.
- Each unit has private entrance and in‑unit washer and dryer.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,053
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 2024 five-unit, non-rent-controlled building with private entrances, in-unit laundry, and dedicated parking.
Where is this apartment building located?
The property is located at 1724 Menlo Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: New 2024 five‑unit multifamily community, non‑rent‑controlled.; Unit mix: two 4BD/4BA, two 3BD/3.5BA, and one 1BD/1BA across two modern buildings.; Each unit has private entrance and in‑unit washer and dryer.
