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    946 Menlo Ave Los Angeles, CA 90006

    Sponsored
    For Sale
    $8,000,000

    19,166 SF R4-1 Zoned Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 19,166 square foot land parcel, located at 946 and 950 Menlo Avenue in Los Angeles, California, presents a remarkable development opportunity. Situated in the vibrant Koreatown neighborhood, this property boasts an advantageous R4-1 zoning designation, allowing for a high density of residential units. The lot size offers significant potential for a substantial project. The address is conveniently located near the intersection of Vermont and Olympic Boulevards, providing excellent access to major transportation arteries and a wealth of amenities. The property's APN numbers are 5076002023 and 5076002024. The current owner, M.C. Industrial, LLC, is offering this prime real estate for sale at $8,000,000. Under the Tier 4 Density Bonus, the R4-1 zoning permits the construction of up to 87 housing units as of right, making this a highly attractive investment for developers seeking to capitalize on the strong demand for residential properties in this thriving area of Los Angeles. The property is being sold as-is. This is a rare opportunity to acquire a large, well-located parcel in a highly sought-after neighborhood. Serious inquiries only.

    Property Features for 946 Menlo Ave

    General Information

    Property type
    Land

    HighLights

    • 19,166 SF land parcel at 946 & 950 Menlo Ave, Los Angeles, CA.
    • R4‑1 zoning allows for high‑density residential development.
    • Excellent location near Vermont & Olympic Boulevards.
    • APN: 5076002023 & 5076002024.
    • Offered at $8,000,000 by M.C. Industrial, LLC.
    • Tier 4 Density Bonus allows for up to 87 units.
    Property Profile Location Intelligence

    Current Use by Public Records

    M.E.N.T.O.R.S. Inc. Housing Complex

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2899866
    Latitude
    34.0540152

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    FAQs

    What type of property is this?
    Land - 19,166 SF R4-1 Zoned Lot
    Where is this land located?
    The property is located at 946 Menlo Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: 19,166 SF land parcel at 946 & 950 Menlo Ave, Los Angeles, CA.; R4-1 zoning allows for high-density residential development.; Excellent location near Vermont & Olympic Boulevards.
    Request Owner's contact information
    946 Menlo Ave Los Angeles, CA 90006
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    Los Angeles, CA 90006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    946 Menlo Ave Los Angeles, CA 90006
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