4217 Menlo Ave | Los Angeles, CA 90037
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- LoopNet Team
4217 Menlo Ave
Los Angeles, CA 90037
Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- This 20,539 sq. ft. R3-zoned, street to alley multifamily lot has huge upside potential.
- Rents. In the Tier-3 TOC with zoning allowing for the potential construction of a three-story, 25-unit building
- There are three large 2-bedroom units (each approximately 1,000 sq. ft.) and eight 1-bedroom units (each approximately 659 sq. ft.).
- 8.15 GRM at Market Rents and close to a 9% CAP Rate at Market Rents.
- Bungalow units Located within 1 mile of the U.S.C. Campus
- Even better for Investors is the fact that three of the 1-bedroom units will be delivered vacant (all in need of work) at the close of escrow.
PROPERTY FACTS
| No. Units | 11 | Lot Size | 0.47 AC |
| Property Type | Multifamily | Building Size | 8,329 SF |
| Property Subtype | Apartment | Average Occupancy | 73% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1921/1948 |
| Zoning | R3 - restricted Density Multiple Dwelling | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 8,329 SF |
| Average Occupancy | 73% |
| No. Stories | 1 |
| Year Built/Renovated | 1921/1948 |
| Zoning | R3 - restricted Density Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $1,486 | 1,000 |
| 1+1 | 8 | $1,301 | 659 |
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