8843 Menlo Ave - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$900,000 USD
310-259-7556
8843 Menlo Ave, Los Angeles, CA for Sale
$900,000 USD
Apartments - FOR SALE
1/23
null | 4.73% Cap Rate

8843 Menlo Ave
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Large 4plex priced at only $247/sf
  • Stabilizes at 9.47% Cap rate and 7.81 GRM
  • Excellent unit mix of oversized (4) 2-Bed/1-Bath Units in a growing neighborhood of Los Angeles
  • Minutes from 110 fwy conveniently located near new development in Downtown LA, USC and neighboring areas

OVERVIEW

8843 Menlo Ave is a value add 4plex located in Los Angeles priced at only $247/sf. This well maintained 4-Unit apartment building is comprised of all  oversized  (4)  2-Bed/1-Bath units with 77% in Rental upside! Stabilizes at a 9.47% cap rate and 7.81 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1964, the subject property is spread out over 3,640 Sq. Ft situated on a 5,126 Sq. Ft lot, 8843 Menlo Ave is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. The property is located just minutes the 110 fwy, providing easy access to USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

4.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,112 SF

ZONING

LAR2

APN/PARCEL ID

6038-012-028

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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