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1726 Menlo Ave
Los Angeles, CA 90006
Multifamily Property For Sale
·
5 Units
Investment Highlights
- New construction multifamily property completed in 2024, reducing near-term maintenance requirements.
- Income-producing asset with significant gross scheduled income and reported cap rate above 6%.
- Private parking accommodations for residents in a high-density neighborhood.
- Five individually metered residential units with modern finishes and functional layouts.
- Convenient location near Downtown Los Angeles with access to major freeways and transit.
- Features include central HVAC, in-unit laundry hookups, and energy-efficient window systems.
Executive Summary
1726 Menlo Avenue is a newly built multifamily investment property in the Mid-Los Angeles area, offering investors a modern asset with immediate income potential. Constructed in 2024, this property features five separately metered units, providing a total of 17 bedrooms and multiple baths across a variety of spacious layouts. Each unit comes equipped with contemporary finishes, recessed lighting, central heating and cooling, and high-quality flooring, making it attractive to tenants seeking updated urban living.
Positioned in a dense and accessible neighborhood, the property benefits from excellent connectivity to Downtown Los Angeles and major employment hubs, making it highly desirable in a submarket with consistent rental demand. On-site uncovered parking available for residents ensures convenience in an urban setting. Utilities are separately metered, which reduces operating costs for ownership and simplifies management.
With gross scheduled income approaching $233,880 annually and a reported cap rate near 6.26%, this property provides a strong opportunity for stable cash flow in an evolving Los Angeles market. Access to key Los Angeles arterials, transit infrastructure, restaurants, and retail enhances the long-term investment profile of this income-producing asset.
Positioned in a dense and accessible neighborhood, the property benefits from excellent connectivity to Downtown Los Angeles and major employment hubs, making it highly desirable in a submarket with consistent rental demand. On-site uncovered parking available for residents ensures convenience in an urban setting. Utilities are separately metered, which reduces operating costs for ownership and simplifies management.
With gross scheduled income approaching $233,880 annually and a reported cap rate near 6.26%, this property provides a strong opportunity for stable cash flow in an evolving Los Angeles market. Access to key Los Angeles arterials, transit infrastructure, restaurants, and retail enhances the long-term investment profile of this income-producing asset.
Property Facts
| Price Per Unit | $806,357 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.37% | Building Size | 7,300 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.1/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple | ||
| Price Per Unit | $806,357 CAD |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 7,300 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
- Loft Layout
Site Amenities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 3+3 | 2 | - | - |
| 4+4 | 2 | - | - |
Property Taxes
| Parcel Number | 5056-021-016 | Improvements Assessment | $272,380 CAD |
| Land Assessment | $1,089,525 CAD | Total Assessment | $1,361,906 CAD |
Property Taxes
Parcel Number
5056-021-016
Land Assessment
$1,089,525 CAD
Improvements Assessment
$272,380 CAD
Total Assessment
$1,361,906 CAD
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