942 Menlo Avenue Los Angeles, CA ^$ 2,350,000

942 Menlo Avenue

^$ 2,350,000

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942 Menlo Avenue

Los Angeles, CA, 90006

^$ 2,350,000

Studio Baths0.0 Sq 6,616

Monthly Estimate*

^$ 14,074

942 Menlo Avenue, Los Angeles, CA 90006 - Image 1

942 Menlo Avenue, Los Angeles, CA 90006 - Image 2

942 Menlo Avenue, Los Angeles, CA 90006 - Image 3

942 Menlo Avenue, Los Angeles, CA 90006 - Image 4

942 Menlo Avenue, Los Angeles, CA 90006 - Image 5

942 Menlo Avenue, Los Angeles, CA 90006 - Image 6

942 Menlo Avenue, Los Angeles, CA 90006 - Image 7

942 Menlo Avenue, Los Angeles, CA 90006 - Image 8

942 Menlo Avenue, Los Angeles, CA 90006 - Image 9

Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,350,000. This 6,616 square foot home was built in 1962 on a lot size of 0.2.

This 11-unit two story apartment complex, consist of good size units, (1) 2 bedroom + 1 Bath, (5) 1 bedroom + 1 bath and (5) single + 1 bath. On site parking and on-site laundry facility with additional $3600.00 income. Owner recently completed retrofitting, new paint for the building and newly paved parking spaces. Low maintenance building and easy to maintain. The current rents are low but has great potential for increase in rental income. This apartment complex is conveniently located in the heart of K-Town and mid-Wilshire area, short distance to DTLA, Hollywood, shopping center, market, restaurants and many well-known eateries in K-Town. Walking distances to public transportation and easy access to 10 & 101 FWY. This is a great opportunity for investors as property being R-4 Tier-4 with over 8700 sq. ft. lot.

Multi-Family Active

Price

^$ 2,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2

Year Built

1962

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024428865

Features

General

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Possession Close of Escrow

Zoning LAR4

Security Features Automatic Gate Carbon Monoxide Detector(s)

Year Built 1962

Tenant Pays Electricity Gas

View City Lights

Levels Two

County Los Angeles

Net Operating Income 100831.0

New Construction No

Property Type C

Home Owner Association Y/N No

Status Active

City Los Angeles

View Y/N Yes

Senior Community Y/N No

MLS Area C17 - Mid-Wilshire

Lot Size Units Square Feet

Lot Size Square Feet 8763.0

Structure Type None

Standard Status Active

Interior

Kitchen Appliances Refrigerator Gas Oven Gas Cooktop Oven

Total Stories 2

Air Conditioning Y/N Yes

Heating Y/N Yes

Laundry Features Community

Total Baths 0

Exterior

Parking Features Assigned Auto Driveway Gate Attached Carport

Lot Size Area 8763.0

Spa No

Pool Y/N? No

Building Area Total 6616.0

Lot Size Acres 0.2

Land Lease Type Fee

* Excluded Features

List By

Enny E. Chong

Listing Agent

Ivy Realty Co.

Broker

Affordability Calculator

$14,074

Per Month

Monthly Principal & Interest: $14,074
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,055,802

Percent of Sale Price 13%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/20/2024	$2,350,000		Listed Price

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942 Menlo Avenue, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $2,350,000 with 6,616 sqft and a lot size of 0.2. 942 Menlo Avenue is a studio with 0.0 baths and was built in 1962. The property's zip code is 90006 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 9/9/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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942 Menlo Avenue

Multi-Family Home for sale in Los Angeles, CA

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