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Listed by Lauren Cearley • Myunits.com Inc.
$ 2,999,000
Est. payment /mo
New
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 CRBB25218032
Style Contemporary
Year Built 2024
Lot Size 6,122 Sqft
Source California Regional MLS
Property Description
1724 Menlo Ave is a NON-RENT-CONTROLLED 2024 build, five-unit community located in the vibrant Pico-Union neighborhood, just minutes from Downtown Los Angeles and Koreatown. This prime central location attracts strong rental demand from young professionals, students, and creatives, offering investors an impressive 6.05% stabilized cap rate with minimal expenses. The property showcases an ideal unit mix across two modern buildings, featuring two spacious 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one highly rentable 1-bedroom/1-bathroom unit. Designed with premium layouts, each residence is separately metered for gas, water, and electric, and comes equipped with in-unit washers/dryers, private entrances, and dedicated parking (8 spaces total), ensuring long-term tenant appeal and low operating costs. Luxury finishes include sleek modern kitchens, designer tile, high ceilings, expansive windows, and thoughtfully designed interiors that maximize both function and style. With an impressive Walk Score of 85, residents enjoy easy access to neighborhood dining, cafes, and entertainment, while being a short drive from LA Live, USC, Crypto.com Arena, the Arts District, and Koreatown's vibrant nightlife. With SB-8 limiting new construction, opportunities lik
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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