8843 Menlo Avenue new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25046644
Bedrooms 8
HOA Y/N No
Lot Size 5,126 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
8843 Menlo Ave is a value add 4plex located in Los Angeles priced at only $247/sf. This well maintained 4-Unit apartment building is comprised of all oversized (4) 2-Bed/1-Bath units with 77% in Rental upside! Stabilizes at a 9.47% cap rate and 7.81 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1964, the subject property is spread out over 3,640 Sq. Ft situated on a 5,126 Sq. Ft lot, 8843 Menlo Ave is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. 3438 McKinley is located just minutes the 110 fwy, providing easy acces to USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.
8843 Menlo Ave is a value add 4plex located in Los Angeles priced at only $247/sf. This well maintained 4-Unit apartment building is comprised of all oversized (4) 2-Bed/1-Bath units with 77% in Rental upside! Stabilizes at a 9.47% cap rate and 7.81 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1964, the subject property is spread out over 3,640 Sq. Ft situated on a 5,126 Sq. Ft lot, 8843 Menlo Ave is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. 3438 McKinley is located just minutes the 110 fwy, providing easy acces to USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.
Location
State CA
County Los Angeles
Area Los Angeles (90044)
Zoning Assessor
Building
Story 2
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash,Conventional,Exchange,FHA
Space Rent $1,530
Listing Terms Cash,Conventional,Exchange,FHA