Stabilized Five-Unit Multifamily
1724 Menlo Ave Los Angeles, CA 90006
1724 Menlo Ave, Los Angeles, CA, 90006
$2,900,000
For Sale
$2,900,000
2024 five-unit, non-rent-controlled building with private entrances, in-unit laundry, and dedicated parking.
Days on Market49
Property Features for 1724 Menlo Ave
General Information
- Standard status
- Active
- Property subtype
- Investment
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 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 6:17AM
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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
Location Intelligence
Current Use by Public Records
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FAQs
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.
