Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90006 1724 Menlo Avenue

1724 Menlo Avenue Los Angeles, CA - Image 11724 Menlo Avenue Los Angeles, CA - Image 21724 Menlo Avenue Los Angeles, CA - Image 3
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Presented By: Armin Soleimani with Global Platinum Properties, Inc.;
  • MLS# 25529927
  • 04/24/2025
  • Request Tour
  • Request Info
  • Beds • 15
  • Baths • 15
  • SQFT • 7,700
  • Garage • 1
  • Year Built • 2023

Home Details

Presenting a prime investment opportunity in Los Angeles: five newly constructed units, completed in 2023, are available directly from the developer. This strategically located property offers a strong income stream with a 6.24% cap rate and potential for additional ADU conversions. Each unit showcases modern finishes for a luxurious living experience, featuring independent metering for gas, water, and electricity to ensure low-maintenance efficiency. Covering 7,700 square feet, the property includes two four-bedroom units, two three-bedroom units, and one-bedroom ADU, all in the dynamic Pico-Union area. Thoughtfully designed with en-suite bathrooms in every bedroom and ample parking for tenants, this offering is ideal for 1031 exchange buyers and investors seeking steady cash flow in a vibrant market. Conveniently situated just west of Downtown Los Angeles, north of USC Village, and east of Koreatown, this property is a standout investment choice.
Presented By: Armin Soleimani with Global Platinum Properties, Inc.;

Interior Features for 1724 Menlo Avenue

Bedrooms

Total Bedrooms15

Bathrooms

Half Baths0
Total Baths15
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories1

General for 1724 Menlo Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate6.24
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingCentralAir
CountyLos Angeles
DirectionsLocated North of Washington Blvd. and South of Pico Blvd., one block East of Vermont.
Electric On Property Y/NNo
Full Baths
Garage Y/NYes
Gross Income233340.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet6122.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income186944.0
New ConstructionYes
Number Of Units Total5
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesGatedCommunity
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built2023
Year Built SourceOwner
ZoningLARD1.5

Exterior for 1724 Menlo Avenue

Building Area Total7700.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x120
Lot Size Acres0.1405
Lot Size Area6122.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesGarage, Tandem
Private PoolNo
SpaNo
Total Parking2.0
WaterfrontY/NNo

Additional Details

Price History

Justin Hughey

Price $2,995,000
MLS#25529927
List Date 04/24/2025
Property Type Multi-Family
Request Tour
Request Info

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