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1503 Menlo Avenue

Los Angeles CA 90006

8
11
22
5563 sq. ft.
14604 sq. ft.
Other
Currently for sale - view listing

Overview

Take this great opportunity to purchase a well-maintained 11-Unit apartment complex sitting on a huge 14, 600 SF lot located in the Pico Union neighborhood . The complex consists of 11 units total, with eight units that have 1BR/1BA and three units that are studios. Almost all units have been remodeled with new paint, flooring, new air conditioning and heat along with copper plumbing and new electric wiring. One parking space assigned to each unit, but has additional parking spaces available for extra income. Electricity is metered separately. TWO units are currently vacant. The property is subject to rent control with significant rent upside. The property is also zoned RD1.5 - Tier 3 on a massive 14, 600 SF lot. Centrally located in Mid Los Angeles/Pico Union area near Koreatown, Echo Park and DTLA and with many restaurants and shops nearby along with easy access to freeways and transportation.

Features

8 bedrooms
11 bathrooms
22 carspaces
5563 sq. ft. floor area
14604 sq. ft. lot size
Other

Happy sellers in Los Angeles

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We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 8 bedroom other properties in Los Angeles

In the last 12 months, 3 eight-bedroom other properties similar to 1503 Menlo Avenue, have been sold.

This represents a 25% increase in eight-bedroom other properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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