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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,999,000

Est. payment - /mo

6,120 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25218032

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Annual Tax Amount $35,976

Lot Size 6,120 Sqft

Property Sub-Type Quadruplex

Property Description

1724 Menlo Ave is 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Interior Features Balcony, Open Floorplan, Recessed Lighting

Heating Central

Cooling Central Air

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Oven, Freezer, Gas Range, Microwave, Dryer, Washer

Laundry Inside

Exterior

Fence New Condition

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N Yes

View City Lights, Neighborhood

Total Parking Spaces 8

Private Pool No

Building

Lot Description Landscaped

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 5056021016

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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

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Listed by Lauren Cearley Myunits.com Inc. 209-298-6020

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1724 Menlo AVE Los Angeles, CA 90006