$ 2,900,000
-
$2,900,000
Price -
15
Bed -
17
Bath -
7,300
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing BH5345657 - BB42064,BB42774
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 opportunities continue to tighten under SB-8 restrictions, this property presents an exceptional opportunity for investors seeking stable cash flow, minimal maintenance, and long-term appreciation potential.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
BB26115819
Year Built
2024
Total Square Footage
7,300
Lot/Acreage
0.14
County
Los Angeles
Interior Details
- Bedrooms: 15
- Bathrooms: 17 Full
- Appliances: Dishwasher, Electric Oven, Freezer, Gas Range, Microwave, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Laminate,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Balcony,Open Floorplan,Recessed Lighting
- Water: Public
Exterior Details
- Lot Description: Landscaped,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof:
- Others: Turnkey,2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: $35,976
- Taxes w/Assessments: N/A
- Tax/Property ID: 5056021016
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1724 Menlo Ave Los Angeles, CA 90006
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
