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1724 Menlo Avenue

Los Angeles, CA 90006

– beds
– baths
– sqft
6,122 sqft lot
1908 build
– on site

Built-in 2023, these five units are now available for purchase from the developer. This property is strategically located to ensure a steady income stream, currently achieving an attractive 6% cap rate and offering the potential for additional ADU (Accessory Dwelling Unit) conversions. Each unit features modern and stylish finishes, delivering a luxurious living experience. Furthermore, all units are separately metered for gas, water, and electricity, promoting a low-maintenance and efficient setting. This exceptional offering encompasses a well-planned 7,700 square feet, situated in the vibrant heart of Los Angeles, comprising (2) four-bedroom units, (2) three-bedroom units, and a one-bedroom ADU. The well-designed floor plans include ensuite bathrooms in all bedrooms and ample parking for tenants. Ideally located just east of Vermont and north of Washington Boulevard, it lies conveniently north of the esteemed USC campus andslightly west of downtown Los Angeles. This opportunity isideal for a 1031 exchange buyer or any investor seekingconsistent and passive cash flow in a thriving market.

Listed By CRMLS_CA / Armin Soleimani / Global Platinum Properties, Inc.

Last checked: Checking… • Last updated Feb 18, 2025 •

MLS# 25496647 —

The Building

Year Built:

1908
New Construction:

Yes
Building Area Total:

7700.00
Total Number Of Units:

5
# of Buildings:

2
Stories Total:

1

Interior

Levels:

Three Or More
Laundry:

Washer Included, Dryer Included
Laundry:

1

Location

Directions:

Located North of Washington Blvd. and South of Pico Blvd., one block East of Vermont.
Latitude:

34.04192500
Longitude:

-118.29031600

The Property

Property Type:

Residential Income
Zoning:

LARD1.5
Lot Size Area:

6122.0000
Lot Size Dimensions:

50x120
Lot Size Acres:

0.1405
Lot Size SqFt:

6122.00
Security Features:

Gated Community
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5056021016

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Sewer Paid

Appliances

Appliances:

Dishwasher, Refrigerator
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Tandem Garage
Parking Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/10/25 Feb 10, 2025	Listed / Active	CRMLS_CA	$3,095,000	461.2% (125.0% / YR)
8/26/24 Aug 26, 2024	Sold	CRMLS_CA
8/23/23 Aug 23, 2023	Listed / Active	BRIDGE

Multifamily For Sale

$3,095,000

Listing provided by broker:

Armin Soleimani

Global Platinum Properties, Inc.

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This multifamily located in Central LA, Los Angeles, CA 90006 is currently for sale for $3,095,000. 1724 Menlo Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 11 days. 1724 Menlo Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 86, making it very walkable. This multifamily is in the attendance area of Magnolia Avenue Elementary School, Berendo Middle School, and West Adams Preparatory High School.

Listing Courtesy of: CRMLS_CA and Global Platinum Properties, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 19:36 on Feb 21.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.