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Listed by Cheyenne Womack, DRE #02064825 • Myunits.com Inc.
$ 2,900,000
Est. payment /mo
Active
1724 Menlo AVE Los Angeles, CA 90006
6,122 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26115819
Style Contemporary
Year Built 2024
Lot Size 6,122 Sqft
Source California Regional MLS
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 oppor
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Kitchen Dishwasher, Freezer, Microwave, Oven Range - Gas, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry Other, Washer, Dryer
Exterior
Garage Spaces 8.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Story Three or More Stories
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5056021016
Special Listing Condition Not Applicable
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