4 Units + ADU
New Construction near Downtown LA
1726 Menlo Ave., Los Angeles, CA 90006
$3,199,000
Offering Price
6.04 %
Cap Rate
12.88
GRM
5
Number of Units
Descritpion
  • 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
  • Excellent investment opportunity, 6% Cap & 12.88 GRM.
  • Conveniently located North of (USC) University Village, Koreatown-Adjacent, and West of Downtown LA.
  • Perfect for Co-Living, Student housing, and large families.
  • Additional for a potential 6th unit (Junior ADU)
Mid Los Angeles
  • Conveniently close to the West of Downtown Los Angeles, North of USC Village and East of Koreatown lies an Excellent Pico-Union Location that will undeniably put you in the heart of the City. This prime location offers unparalleled convenience, with everything within easy reach. Imagine being just a short walk away from public transit options, allowing for seamless exploration and effortless commuting throughout the city. Additionally, major thoroughfares like Pico, Vermont, and Washington surround this area, ensuring swift access to all your daily needs. And let's not forget about the 10, 101, and 110 freeways conveniently nearby! Whether you're traveling across town or venturing beyond Los Angeles' borders, these freeways provide instant connectivity to wherever your journey may take you
FOR MORE DETAILS CONTACT
Armin Soleimani
Realtor
(310) 666-2246
ziuroiluj@gmail.com
Lic: 01846872
Julio Ruiz
Broker
(818) 524-0706
ziuroiluj@gmail.com
Lic: 01911261