Los Angeles, CA 90006 942 Menlo Avenue
$2,350,000
4 more
Presented By: Enny E. Chong with Ivy Realty Co.;
Beds • 8
Baths • 11
SQFT • 6,616
Garage • 1
Home Details
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.
Presented By: Enny E. Chong with Ivy Realty Co.;
Interior Features for 942 Menlo Avenue
Bedrooms
Total Bedrooms8
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths11
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
General for 942 Menlo Avenue
Additional Parcels Y/NNo
AppliancesGasCooktop, GasOven, Oven, Refrigerator
Attached Garage Yes
Cap Rate4.3
Carport Y/NYes
CityLos Angeles
CoolingWallWindowUnits
CountyLos Angeles
Days on Market22
DirectionsNorth of Olympic & East of Vermont
Full Baths
Garage Y/NNo
Gross Income160440.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet8763.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income100831.0
New ConstructionNo
NumberOfUnitsTotal11
Occupancy TypeTenant
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, SecurityGate
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas
TermsConventional
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1962
ZoningLAR4
Exterior for 942 Menlo Avenue
Building Area Total6616.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2012
Lot Size Area8763.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Assigned, ElectricGate
SpaNo
Total Parking8.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480