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1724 Menlo Avenue

Los Angeles, CA 90006

– beds
– baths
– sqft
6,122 sqft lot
2023 build
– on site

Presenting a prime investment opportunity in Los Angeles: five newly constructed units, completed in 2023, are available directly from the developer. This strategically located property offers a strong income stream with a 6.24% cap rate and potential for additional ADU conversions. Each unit showcases modern finishes for a luxurious living experience, featuring independent metering for gas, water, and electricity to ensure low-maintenance efficiency. Covering 7,700 square feet, the property includes two four-bedroom units, two three-bedroom units, and one-bedroom ADU, all in the dynamic Pico-Union area. Thoughtfully designed with en-suite bathrooms in every bedroom and ample parking for tenants, this offering is ideal for 1031 exchange buyers and investors seeking steady cash flow in a vibrant market. Conveniently situated just west of Downtown Los Angeles, north of USC Village, and east of Koreatown, this property is a standout investment choice.

Listed By CRMLS_CA / Armin Soleimani / Global Platinum Properties, Inc.

Last checked: Checking… • Last updated May 17, 2025 •

MLS# 25529927 —

The Building

Year Built:

2023
Year Built Source:

Seller
New Construction:

Yes
Building Area Total:

7700.00
Total Number Of Units:

5
# of Buildings:

2
Stories Total:

1

Interior

Levels:

Three Or More
Laundry:

Washer Included, Dryer Included
Laundry:

1

Location

Directions:

Located North of Washington Blvd. and South of Pico Blvd., one block East of Vermont.
Latitude:

34.04192500
Longitude:

-118.29031600

The Property

Property Type:

Residential Income
Zoning:

LARD1.5
Lot Size Area:

6122.0000
Lot Size Dimensions:

50x120
Lot Size Acres:

0.1405
Lot Size SqFt:

6122.00
Security Features:

Gated Community
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5056021016

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Sewer Paid

Appliances

Appliances:

Dishwasher, Refrigerator
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Tandem Garage
Parking Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/24/25 Apr 24, 2025	Listed / Active	CRMLS_CA	$2,995,000	443.1% (113.9% / YR)
2/10/25 Feb 10, 2025	Listed / Active	CRMLS_CA
8/26/24 Aug 26, 2024	Sold	BRIDGE

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This multifamily located in Central LA, Los Angeles, CA 90006 is currently for sale for $2,995,000. 1724 Menlo Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 24 days. 1724 Menlo Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 85, making it very walkable. This multifamily is in the attendance area of Magnolia Avenue Elementary School, West Adams Preparatory High School, and Berendo Middle School.

Listing Courtesy of: CRMLS_CA and Global Platinum Properties, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 09:59 on May 18.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.