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Fully Leased 2024 Fourplex + ADU | 6.19% Cap 1726 Menlo Ave 5 Unit Apartment Building $2,975,000 ($595,000/Unit) 6.19% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- NO RENT CONTROL!
- Outstanding REAL cap rate of 6.19%! Cash cow, making you money on day 1!
- Ideal unit mix of two 4-bedroom untits, two 3-bedroom units, and one 1-bedroom unit. High income producing property!
- Located in the heart of Pico-Union neighborhood, just minutes from Downtown Los Angeles and Koreatown!
- Thoughtfully designed units with premium floorplans that renters love.
- All units separately metered for electric, water and gas! Very low expenses!
EXECUTIVE SUMMARY
The 5+ Unit Specialists are pleased to present 1726 Menlo Ave, a NON-RENT-CONTROLLED 2024 build, five-unit community located in the vibrant Pico-Union neighborhood — just minutes from Downtown Los Angeles and Koreatown. This prime central location attracts strong rental demand from young professionals, students, and creatives, offering investors an impressive 6.19% stabilized cap rate with minimal expenses.
The property showcases an ideal unit mix across two modern buildings, featuring two spacious 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one highly rentable 1-bedroom/1-bathroom unit. Designed with premium layouts, each residence is separately metered for gas, water, and electric, and comes equipped with in-unit washers/dryers, private entrances, and dedicated parking (8 spaces total), ensuring long-term tenant appeal and low operating costs.
Luxury finishes include sleek modern kitchens, designer tile, high ceilings, expansive windows, and thoughtfully designed interiors that maximize both function and style. With an impressive Walk Score of 85, residents enjoy easy access to neighborhood dining, cafes, and entertainment, while being a short drive from LA Live, USC, Crypto.com Arena, the Arts District, and Koreatown’s vibrant nightlife.
With SB-8 limiting new construction, opportunities like this are increasingly rare. The combination of a high cap rate, desirable unit mix, premium finishes, and unbeatable location make 1724 Menlo Ave a turn-key, cash-flowing investment and a perfect 1031 exchange option in one of LA’s strongest rental corridors.
The property showcases an ideal unit mix across two modern buildings, featuring two spacious 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one highly rentable 1-bedroom/1-bathroom unit. Designed with premium layouts, each residence is separately metered for gas, water, and electric, and comes equipped with in-unit washers/dryers, private entrances, and dedicated parking (8 spaces total), ensuring long-term tenant appeal and low operating costs.
Luxury finishes include sleek modern kitchens, designer tile, high ceilings, expansive windows, and thoughtfully designed interiors that maximize both function and style. With an impressive Walk Score of 85, residents enjoy easy access to neighborhood dining, cafes, and entertainment, while being a short drive from LA Live, USC, Crypto.com Arena, the Arts District, and Koreatown’s vibrant nightlife.
With SB-8 limiting new construction, opportunities like this are increasingly rare. The combination of a high cap rate, desirable unit mix, premium finishes, and unbeatable location make 1724 Menlo Ave a turn-key, cash-flowing investment and a perfect 1031 exchange option in one of LA’s strongest rental corridors.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$233,880
|
$32.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,016
|
$0.96
|
| Effective Gross Income |
$226,864
|
$31.08
|
| Taxes |
$35,688
|
$4.89
|
| Operating Expenses |
$7,120
|
$0.98
|
| Total Expenses |
$42,808
|
$5.86
|
| Net Operating Income |
$184,056
|
$25.21
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $233,880 |
| Annual Per SF | $32.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,016 |
| Annual Per SF | $0.96 |
| Effective Gross Income | |
|---|---|
| Annual | $226,864 |
| Annual Per SF | $31.08 |
| Taxes | |
|---|---|
| Annual | $35,688 |
| Annual Per SF | $4.89 |
| Operating Expenses | |
|---|---|
| Annual | $7,120 |
| Annual Per SF | $0.98 |
| Total Expenses | |
|---|---|
| Annual | $42,808 |
| Annual Per SF | $5.86 |
| Net Operating Income | |
|---|---|
| Annual | $184,056 |
| Annual Per SF | $25.21 |
PROPERTY FACTS
| Price | $2,975,000 | Apartment Style | Low-Rise |
| Price Per Unit | $595,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.19% | Building Size | 7,300 SF |
| Gross Rent Multiplier | 12.72 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $2,975,000 |
| Price Per Unit | $595,000 |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| Gross Rent Multiplier | 12.72 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 7,300 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
- Loft Layout
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+4 | 2 | $4,498 | 1,825 |
| 3+3.5 | 2 | $4,148 | 1,450 |
| 1+1 | 1 | $2,200 | 750 |
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (70)
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Fully Leased 2024 Fourplex + ADU | 6.19% Cap | 1726 Menlo Ave
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