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$ 1,550,000
Est. payment | /mo
8 Beds
10 Baths
4,620 SqFt
$ 1,550,000
Est. payment | /mo
8 Beds
10 Baths
4,620 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $335
MLS Listing ID 25597399
Bedrooms 8
HOA Y/N No
Year Built 1925
Lot Size 8,594 Sqft
Lot Dimensions Assessor
Property Description
We are pleased to present 6612 Menlo Ave, a 10-unit multifamily community in Los Angeles, offered at a 7.77 GRM and an 8.92% CAP on current rents, with upside potential to achieve a 6.94 GRM and a 10.35% CAP with market rents. This opportunity consists of five separate duplexes offering of a total of 4,620 rentable square feet. Built in 1925, the property sits on a large, 8,593 square foot LARD2-zoned corner lot. The unit mix features two (2) studios and eight (8) one-bedroom one-bathroom units. Two units will be delivered VACANT. Located on the corner of S Menlo Ave and W 68th St, this property is located near Mount Caramel Recreation Center, six blocks west of the 110 Freeway as well as a number of bus stops. Nearby community establishments include Dragon Loco Chinese Food, Tom's Jr Express, A Taste of Toya, Tacos El Pajaro, LA Pulperia Catracha #3, Tacos El Vecino and more. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD2
Interior
Fireplace No
Exterior
Parking Features None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6013010039
Special Listing Condition Standard
Listed by Casey Lins Kidder Mathews of California, Inc.
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