Skip To Content

1726 Menlo Avenue

Los Angeles (City), CA 90006
  • $3,199,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 23301297
UPDATED: 62 min ago
$3,199,000
  • 15
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,121
    SQFT
  • $449
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Ratings & Info

Listing Agent(s): Armin Soleimani of Global Platinum Properties, Inc. (818-524-0706) and Julio Ruiz of ()


Description

Introducing a remarkable find in the heart of Los Angeles, the 2023 built collection of 4 units plus an ADU is truly a gem flowing at a 6% Cap Rate! From the moment you step inside any of these spaces, you'll be greeted by impeccable finishes and top-notch amenities that promise both luxury and comfort. With three out of five units already leased and generating income, this investment opportunity is as enticing as it gets. Each unit boasts multiple master suites, balconies to soak in city views, assigned parking spaces for convenience, and private yard areas for relaxation or entertainment. The attention to detail continues with oversized windows allowing natural light to flood in, high ceilings adding grandeur to each space, designer bathroom coverings exuding elegance, sleek black hardware adding a touch of modernity, and large wood-inspired floor planks offering both warmth and style. These well-equipped units also feature central AC for year-round comfort, an in-unit washer/dryer combination for added convenience, and stainless steel appliances bringing functionality into play. Moreover, with individual utility meters and e-charging plug outlets integrated into each unit and low-impact construction methods ensuring water efficiency - tenants' expenses are kept at bay while investors relish steady returns on their investment. This amalgamation of new construction excellence coupled with smart design choices alongside a solid 6% Cap Rate further fortified by its desirable location instills stability and peace of mind, making it an undeniable haven for your money.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T07:41:09.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142488751
Print Image

1726 Menlo Avenue Los Angeles (City), CA 90006

  • Price: $3,199,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 62 min ago
  • MLS #: 23301297
15
Beds
0
Baths
0
½ Baths
0.14
Acres
7,121
SQFT
$449
$/SQFT
1908
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
Introducing a remarkable find in the heart of Los Angeles, the 2023 built collection of 4 units plus an ADU is truly a gem flowing at a 6% Cap Rate! From the moment you step inside any of these spaces, you'll be greeted by impeccable finishes and top-notch amenities that promise both luxury and comfort. With three out of five units already leased and generating income, this investment opportunity is as enticing as it gets. Each unit boasts multiple master suites, balconies to soak in city views, assigned parking spaces for convenience, and private yard areas for relaxation or entertainment. The attention to detail continues with oversized windows allowing natural light to flood in, high ceilings adding grandeur to each space, designer bathroom coverings exuding elegance, sleek black hardware adding a touch of modernity, and large wood-inspired floor planks offering both warmth and style. These well-equipped units also feature central AC for year-round comfort, an in-unit washer/dryer combination for added convenience, and stainless steel appliances bringing functionality into play. Moreover, with individual utility meters and e-charging plug outlets integrated into each unit and low-impact construction methods ensuring water efficiency - tenants' expenses are kept at bay while investors relish steady returns on their investment. This amalgamation of new construction excellence coupled with smart design choices alongside a solid 6% Cap Rate further fortified by its desirable location instills stability and peace of mind, making it an undeniable haven for your money.
Exterior Features

Architectural Style Contemporary Construction Materials StuccoWood Siding Direction Faces West Entry Location Ground Level - No Steps Foundation Details Slab Lot Features Front Yard Open Parking Spaces 8 Parking Features Driveway Down Slope From StreetGaragePavedTandem Parking Total 8 Patio And Porch Features Covered View Peek-A-Boo View YN Yes

Interior Features

Appliances DishwasherGas RangeMicrowaveRefrigeratorDryerWasher Cooling Central Air Cooling YN Yes Fireplace Features BathKitchenLiving Room Fireplace YN Yes Flooring Laminate Heating Central Heating YN Yes Interior Features Tandem Window Features Double Pane Windows

Property Features

Association YN No Cap Rate 6.04 Community Features Gated Garage YN Yes Gross Income 248400 Land Lease YN No Laundry Features Laundry Closet Levels Three Or More Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 193060 New Construction YN Yes Possession Close Of Escrow Rent Control YN No Security Features Gated Community Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T07:41:09.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371810792-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371810792-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371810792-2.jpg
Logo
The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Armin Soleimani of Global Platinum Properties, Inc. (818-524-0706) and Julio Ruiz of ()