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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,900,000

Est. payment | -/mo

14 Beds

16 Baths

6,122 Sqft Lot

Save Virtual Tour

$ 2,900,000

Est. payment | -/mo

Save Virtual Tour

14 Beds

16 Baths

6,122 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26115819

Bedrooms 14

Lot Size 6,122 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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 Koreatowns 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.

Location

State CA

County Los Angeles

Zoning Builder

Direction 1724 Menlo Ave offers investors a centrally located asset with immediate access to the I-10 Freeway, USC, Exposition Park, DTLA,

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 5056021016

Virtual Tour https://www.myunits.com/buy/1724menlo

Listed by Cheyenne Womack, DRE#02064825 Myunits.com Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1724 Menlo Avenue Los Angeles, CA 90006