1726 Menlo Ave - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$2,900,000 USD
818-859-7242
1726 Menlo Ave, Los Angeles, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/54
null | 6.37% Cap Rate

1726 Menlo Ave
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • New construction multifamily property completed in 2024, reducing near-term maintenance requirements.
  • Five individually metered residential units with modern finishes and functional layouts.
  • Income-producing asset with significant gross scheduled income and reported cap rate above 6%.
  • Convenient location near Downtown Los Angeles with access to major freeways and transit.
  • Private parking accommodations for residents in a high-density neighborhood.
  • Features include central HVAC, in-unit laundry hookups, and energy-efficient window systems.

OVERVIEW

1726 Menlo Avenue is a newly built multifamily investment property in the Mid-Los Angeles area, offering investors a modern asset with immediate income potential. Constructed in 2024, this property features five separately metered units, providing a total of 17 bedrooms and multiple baths across a variety of spacious layouts. Each unit comes equipped with contemporary finishes, recessed lighting, central heating and cooling, and high-quality flooring, making it attractive to tenants seeking updated urban living. Positioned in a dense and accessible neighborhood, the property benefits from excellent connectivity to Downtown Los Angeles and major employment hubs, making it highly desirable in a submarket with consistent rental demand. On-site uncovered parking available for residents ensures convenience in an urban setting. Utilities are separately metered, which reduces operating costs for ownership and simplifies management. With gross scheduled income approaching $233,880 annually and a reported cap rate near 6.26%, this property provides a strong opportunity for stable cash flow in an evolving Los Angeles market. Access to key Los Angeles arterials, transit infrastructure, restaurants, and retail enhances the long-term investment profile of this income-producing asset.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$397 USD /SF

# OF UNITS

5

PRICE/UNIT

$580,000

CAP RATE

6.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LARD1.5

APN/PARCEL ID

5056-021-016

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.