2824 Menlo Ave

    Los Angeles, CA 90007
    • $2,725,000
    • STATUS: Active
    • ON SITE: 77 days
    • ID#: 20-546830
    UPDATED: 143 min ago
    $2,725,000
    • 10
      BEDS
    • N/A
      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, 10-bedroom + 5-bathroom Student Housing investment opportunity located at 2824 Menlo Avenue, just a short distance from the internationally renowned University of Southern California (USC). The subject property is 100% occupied with USC students, and fully leased for the 2020-2021 academic school year (4% increase). This tri-plex has been fully updated and remodeled, which consists of a beautiful two-unit historical Victorian with a private house situated at the rear of the parcel. All three units share a newly landscaped backyard, hot tub, and common area. The two units within the Victorian offer historical charm with modern amenities, while the rear house provides students withmodern amenities, secured garage parking, and alley access.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-09T23:53:56.857. 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.brandiprattrealestate.com/homes/102528922

    2824 Menlo Ave Los Angeles, CA 90007

    • Price: $2,725,000
    • Status: Active
    • Updated: 143 min ago
    • ID#: 20-546830
    10
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,640
    SQFT
    $749
    $/SQFT
    1934
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    We are pleased to offer for sale this three (3) unit, 10-bedroom + 5-bathroom Student Housing investment opportunity located at 2824 Menlo Avenue, just a short distance from the internationally renowned University of Southern California (USC). The subject property is 100% occupied with USC students, and fully leased for the 2020-2021 academic school year (4% increase). This tri-plex has been fully updated and remodeled, which consists of a beautiful two-unit historical Victorian with a private house situated at the rear of the parcel. All three units share a newly landscaped backyard, hot tub, and common area. The two units within the Victorian offer historical charm with modern amenities, while the rear house provides students withmodern amenities, secured garage parking, and alley access.
    Exterior Features

    Lot Size Area 5660 Other Structures Other Parking Garage Other Pool YN No Tennis YN No Total Parking 5

    Interior Features

    Baths Total 5.00 Cooling Other Den No Dining Room No Equipment Other Family Room No Heating Other

    Property Features

    Gross Income 199368 Gross Operating Income 199368 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 Assessor Total Annual Expense 56634 Type Of Units Apartments 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 2020-04-09T23:53:56.857. 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.
     
    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583