$2,900,000
1724 Menlo Avenue, Los Angeles CA 90006
Multi-Family (Fourplex)
Property type
8 days
On market
$397
Price per sqft
0 cars
Garage
2024
Year built
6,122 sqft
Lot size
Home highlights
Open Houses
Overview
1726 Menlo Ave is a fully stabilized newly constructed 2024 five-unit multifamily community located in the heart of Pico-Union, just minutes from Downtown Los Angeles, Koreatown, and USC. This NON-RENT-CONTROLLED asset offers investors a rare opportunity to acquire a turn-key property with an attractive REAL 6.37% stabilized cap rate, low operating expenses, and an exceptional...
Listing provided by: Cheyenne Womack DRE #02064825 805-973-7470, Myunits.com Inc., Lauren Cearley DRE #02146823 213-302-8662, Myunits.com Inc.
Listing updated: May 29, 2026 at 01:25pm.
Last checked: Jun 2, 2026 at 11:00am
Source: CRMLS #BB26115819
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 4 | 4 | — | $4,500 | $4,500 | $4,500 | Unfurnished |
| 1 | 4 | 4 | — | $4,495 | $4,495 | $4,495 | Unfurnished |
| 1 | 3 | 4 | — | $4,195 | $4,195 | $4,195 | Unfurnished |
| 1 | 3 | 4 | — | $4,100 | $4,100 | $4,100 | Unfurnished |
| 1 | 1 | 1 | — | $2,200 | $2,200 | $2,200 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 6
Separate Gas Meters: 5
Separate Water Meters: 5
Dishwasher: 5
Ranges: 5
Rent Control: No
Units Leased: 5
Total Actual Rent: $19,490
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
13.0x
List Price / Annual Gross Rent
Cap Rate
6.37%
NOI / List Price
Gross Scheduled Income: $223,880
Vacancy Allowance: $7,016
Vacancy Allowance Rate: 3%
Operating Expense: $42,054
Net Operating Income: $184,810
Annual Operating Expenses
Electric: $1,500
Gardener: $1,200
Fuel: $0
Insurance: $2,920
Maintenance: $2,000
New Taxes: $34,434
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Interior Features: Balcony, Open Floor Plan, Recessed Lighting
Room Type: Kitchen, Living Room
Flooring: Laminate, Tile
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Electric Oven, Freezer, Gas Range, Microwave, Dryer, Washer
Fireplace: None
Laundry: Inside, Dryer Included, Washer Included
Entry Location: 1
Exterior
Architectural Style: Modern
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Property Condition: Turnkey
Common Walls: One Common Wall, No One Above, No One Below
Lot Features: Landscaped
Pool: None
Spa: None
Fencing: New Condition
Water Source: Public
Sewer: Public Sewer
Electric: Standard
View: City Lights, Neighborhood
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5056021016
Additional Parcels: No
Tax Lot: 37
Community
Senior Community: No
Community Features: Curbs, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 1724 Menlo Avenue, Los Angeles, CA 90006. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,320,000
Total Interest
$2,959,032
Total Payment
$5,279,032
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,835
per month
Property History for 1724 Menlo Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90006.
Similar Homes
Listings with similar prices to 1724 Menlo Avenue