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    2824 Menlo Ave

    Los Angeles, CA 90007
    • $2,725,000
    • STATUS: Active Under Contract
    • ON SITE: 74 days
    • ID#: 20-671300
    Under Contract
    UPDATED: 77 min ago
    $2,725,000
    • 11
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,640
      SQFT
    • $749
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1934
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this three (3) unit, eleven (11) bedroom, student housing investment opportunity, located walking distance to the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 1907, with approximately 3,640 rentable square feet on a 5,660 square foot lot. The investment is comprised of two (2) structures, with a unit mix consisting of one (1) 5-bedroom + 2-bathroom unit, one (1) 4-bedroom + 2-bathroom unit, & one (1) 2-bedroom + 1-bathroom unit. The Property is 100% occupied with USC students, and 2 of the 3 units are pre-leased for the 2021-2022 academic school year. There's a combination of vintage architectural detail and best-in-class modern interior standards. The property includes spacious, fully updated & remodeled units, updated copper plumbing, and an outdoor common area with a 6-8 person hot tub.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-01T17:42:57.25. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/112641547
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    2824 Menlo Ave Los Angeles, CA 90007

    • Price: $2,725,000
    • Status: Active Under Contract
    • Updated: 77 min ago
    • ID#: 20-671300
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,640
    SQFT
    $749
    $/SQFT
    1934
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    We are pleased to offer for sale this three (3) unit, eleven (11) bedroom, student housing investment opportunity, located walking distance to the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 1907, with approximately 3,640 rentable square feet on a 5,660 square foot lot. The investment is comprised of two (2) structures, with a unit mix consisting of one (1) 5-bedroom + 2-bathroom unit, one (1) 4-bedroom + 2-bathroom unit, & one (1) 2-bedroom + 1-bathroom unit. The Property is 100% occupied with USC students, and 2 of the 3 units are pre-leased for the 2021-2022 academic school year. There's a combination of vintage architectural detail and best-in-class modern interior standards. The property includes spacious, fully updated & remodeled units, updated copper plumbing, and an outdoor common area with a 6-8 person hot tub.
    Exterior Features

    Lot Size Area 5660 Other Structures None Parking Garage DrivewayDriveway - Combination Total Parking 5

    Interior Features

    Baths Total 5.00 Cooling Wall/Window Equipment Range/OvenRefrigeratorGarbage DisposalFreezerDishwasher Heating None

    Property Features

    Assessed Total Value 1082648 Gross Income 199368 Gross Operating Income 195381 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 138746.00 Number Of Buildings 2 Number Of Units 3 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 56634 Type Of Units Apartmnets Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-01T17:42:57.25. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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