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1724 Menlo Avenue, Los Angeles, CA 90006

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For Sale

$2,999,000

15 beds • 15 baths • 2 half baths • 7,300 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $410.82
    Price per square foot

  • New Construction, 1-5 Years Old
    Age

Explore this Property

The 5+ Unit Specialists are pleased to present 1724 Menlo Ave, a NON-RENT-CONTROLLED 2024 build, five-unit community located in the vibrant Pico-Union neighborhood just minutes from Downtown Los Angeles and Koreatown. This prime central location attracts strong rental demand from young professionals, students, and creatives, offering investors an impressive 6.05% stabilized cap rate with minimal expenses. The property showcases an ideal unit mix across two modern buildings, featuring two spacious 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one highly rentable 1-bedroom/1-bathroom unit. Designed with premium layouts, each residence is separately metered for gas, water, and electric, and comes equipped with in-unit washers/dryers, private entrances, and dedicated parking (8 spaces total), ensuring long-term tenant appeal and low operating costs. Luxury finishes include sleek modern kitchens, designer tile, high ceilings, expansive windows, and thoughtfully designed interiors that maximize both function and style. With an impressive Walk Score of 85, residents enjoy easy access to neighborhood dining, cafes, and entertainment, while being a short drive from LA Live, USC, Crypto.com Arena, the Arts District, and Koreatown s vibrant nightlife. With SB-8 limiting new construction, opportunities like this are increasingly rare. The combination of a high cap rate, desirable unit mix, premium finishes, and unbeatable location make 1724 Menlo Ave a turn-key, cash-flowing investment and a perfect 1031 exchange option in one of LA s strongest rental corridors.
MLS# BB25218032

Courtesy Of Myunits.com

(844) 698-6487

Property Features

  • Age
    New Construction, 1-5 Years Old
  • Appliances
    Dishwasher, Freezer, Microwave, Range, Range - Gas, Washer
  • Architecture Style
    Modern
  • Floor Covering
    Laminate, Tile
  • Rooms
    Kitchen, Living Room
  • View Type
    City

Map and Directions

Directions to 1724 Menlo Avenue, Los Angeles, CA 90006

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.